Many people want to invest in Bitcoin but they are also worried about the future of this currency. In this article, we are going to talk about the future of Bitcoin. Click here top know about coinbase fees.
The Bitcoin cryptocurrency was created in 2009 by an identity hidden behind the pseudonym of Satoshi Nakamoto. Its initial purpose was the creation of a virtual currency to make purchases online. The movement and use of this currency imply a decentralized mechanism, that is, that escapes any type of control of governments, banks or entities related to the financial world. Visit this site to know about coinbase fees.
In the beginning, this cryptocurrency was not worth anything, until in 2014 its price began to be between 750 and 1000 dollars. Towards the end of 2017, bitcoin was worth $ 19,800, and then its value fell to $ 11,000. From there it is that many people saw the possibility and opportunity to invest in this cryptocurrency and turn it into a business. However, in February 2018, its value plummeted towards $ 6,000. In a few months, to the misfortune of its investors, bitcoin lost 80% of its value.
The future of bitcoin
The future is uncertain. Investing part of this cryptocurrency involves taking some risks. This is due to some of its main characteristics such as its volatility. It is said that bitcoin was a financial bubble, since most of the people who invested in it did so to earn money. Investors bought bitcoin, which raised its price without any control. Therefore, it is expected that with the passage of time the price of bitcoin will continue to decrease, although it may have its rebound as in all speculation.
What can be done?
However, it can also become a valuable investment scenario, especially when speculators abandon it. The digital nature of this cryptocurrency, and its decentralization, can make it a new means of collection, payment and monetary support.
The new digital and technology-dependent world is presented as a great scenario for bitcoins, introducing an alternative to traditional currencies. This may not happen right now, but there is a possibility that, in a few years, or maybe in a decade, cryptocurrencies will become normal for the new digital generations.