What’s the Future of Bitcoin? Here Are the Best, Worst, and Most Likely Scenarios The Motley Fool

bitcoin future

Bitcoin has been the subject of many price predictions, some of them extreme. For others, it was a way to make a quick buck, and while some of these early investors did manage to join the coterie of Bitcoin millionaires, many more lost hundreds or even thousands of dollars trying to predict its price movements. In his defense, this author would argue that, while clearly a historic invention, it remains to be seen if Bitcoin, as a technology designed and operated by humans, can remain truly free from our human flaws. Even tenured developers, like Adam Back, cited in the Bitcoin white paper, have alluded they support this view. In a Twitter Spaces last year, he posited that users may simply pay to run the network because it is valuable, as they do the internet today. —Pepe (PEPE), the frog-themed token, which has reached its highest price since May 2021, surging by over 38% in the past 24 hours and 163% over the past week.

bitcoin future

Erik Anderson, senior digital assets research analyst at Global X ETFs, says crypto futures ETFs have a few advantages. Instead of investing in Bitcoin directly, the BITO fund and other Bitcoin futures ETFs invest in a diversified basket of Bitcoin futures contracts. “Due to the volatile nature of Bitcoin and cryptocurrencies in general, short-term traders may use Bitcoin futures to catch outsized gains during short spurts of increased volatility,” Ong says. Bobby Ong, chief investment officer and co-founder of CoinGecko, says Bitcoin futures can be useful for both short- and long-term investors.

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Further, big shots like Uber CEO Dara Khosrowshahi staying positive on crypto and signals the company is ready to accept Bitcoin as a payment option in the future. It is difficult to determine the precise reasons for the significant BITO outflows since January 11, and a good portion may be due to profit-taking by short-term buyers. Some $93 million can be attributed to Cathie Wood’s Ark Invest moving holdings from BITO into her firm’s spot ETF, Ark 21Shares Bitcoin ETF. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. She is a financial therapist and transformational coach, with a special interest in helping women learn how to invest.

As there will only ever be 21 million bitcoins, one day Bitcoin will no longer distribute any new bitcoins. Stated clearly, network maximalists believe Bitcoin is decentralized because the cost to censor https://www.tokenexus.com/bitcoin-future/ transactions and change the rules is meaningfully high. Bitcoin may have value due to its asset properties, but these properties are protected by a network that’s always at risk of subversion.

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News & World Report, Seeking Alpha, InvestorPlace.com and The Motley Fool. Mr. Duggan is a graduate of the Massachusetts Institute of Technology and resides in Biloxi, Mississippi. Nevertheless, the SEC made history in 2021 when it approved the first Bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (BITO), to trade on the New York Stock Exchange. The SEC has yet to approve a Bitcoin spot ETF that invests in the cryptocurrency directly for listing on a major U.S. exchange. The current circulating supply of BTC is approximately 19,428,268 BTC, with a market cap of $595,390,159,392. Furthermore, using the above Bitcoin Halving table, we asked ChatGPT to calculate the potential jump in Bitcoin after the 2024 halving.

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