what is the future of bitcoin?

in hive-108451 •  2 years ago 

What is the future of Bitcoin?

Given cryptocurrency is still in its relative infancy, many questions regarding its future remain unanswered. Bitcoin has only existed for a little over a decade — amid constantly evolving technological advances and regulations. The value of both Ethereum and Bitcoin has steadily risen over the years (with plenty of dips along the way), but with so little historical record compared to the stock market, it’s difficult to make any concrete forecasts.

More financial institutions are starting to hold crypto, and some large corporations are adding crypto to their balance sheets. Federal regulators have also taken an interest in more formal guidance and even the creation of a central bank digital currency (CBDC). Beyond that, many experts see the potential for innovation backed by blockchain technology that could transform our lives in the future.

But there is also a long list of risks associated with crypto that could limit its potential value. From the concerns of cybercrime to high market volatility susceptible to celebrity influence and the environmental impact of crypto mining — there’s no shortage of reasons to remain cautious as we look to the future of crypto.

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