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Ok I make a prediction here for 2030: Bitcoin won't be at $1M at all, very far from it. Bitcoin will be between $0 and the cost of mining a single coin. Right n
by WA 7y ago
Ok I make a prediction here for 2030: Bitcoin won't be at $1M at all, very far from it. Bitcoin will be between $0 and the cost of mining a single coin. Right now, this is around $7,000. Could be similar or less in 2030.
I don't expect it to go anywhere. It seems to have a niche purpose, but will never gain mass adoption.
I make another prediction: By 2030 not a single cryptocurrency will be used mainstream / have replaced fiat currency. The strongest will still be Bitcoin, but it'll be as weak or non-existent for normal people like it is now.
- sodafountan 7y agoThat's a bold prediction, I predict that gaming could see a huge uptick in crypto-currency usage. Could you imagine a game like Grand Theft Auto or World of Warcraft utilizing a crypto-currency rather than an in-game artificial currency? You could create entire in-game economies with real life value. People could actually make a living by playing games full time as scary as that sounds. Could you imagine the moral implications of someone robbing you of crypto-currency in a game like GTA or some survival game? I just think there's some very creative use-cases for crypto-currency that will pop up over the next decade.
- umanwizard 7y agoAs for most proposed cryptocurrency use cases, it's unclear why your example couldn't just be a number in a database maintained by the game's producers. BTW, people already do make real-world money grinding for WoW gold.
- mc3 7y agoThat is the wrong way around. The cost of mining a coin is influenced by it's market value, due to economics and the difficulty adjustments. If BTC becomes worthless, it won't cost anything to mine a coin.