If you look out for top trending keyword for 2018, Bitcoin will be right there among the top. Bitcoin is the originator of what crypto currency is, a fast growing asset class with similar characteristics of traditional currency though they are not printed as regular money but instead produced by computers all over the world using the free software. It was first developed in 2008. He believed that world needed an electronic payment system that was based on mathematical proof with absolutely no central authority but it could be transferred electronically in a secured and verified way.
Facebook isn't buying it but American Amazon shoppers will use it. A serve showed of Amazon shoppers that more that half of them would actually embrace using Amazon created crypto currency on the site. Only 14% said they will not be open for embracing crypto currency to shop on Amazon USA.
What will happen after 21 million Bitcoins are mined?
Bitcoin mining is the process that allows for Bitcoin to function as an independent and decentralized record to make transactions and Bitcoin miners are those individuals who solve this process for each point of time and then are rewarded with a small transaction fee along with the newly melted Bitcoin that the process creates. After the 21 million number is reached the miners will receive just the transaction fee and no more Bitcoins will be rewarded. So what happens after that point? Well, nothing. It just means that that value is going to increase if you are one of the holders of limited Bitcoins.
Future of BTC
By 2030 Crypto currency will replace national currency . Bitcoin is the pioneer of this currency base and has dramatically surged the value and also deeply dropped to make anyone's head spin around a few times. But for every septic there is a believer who thinks about the great possibility of a new type of currency and what it could offer and will invest massive amount in the market to prove it right.
One theory that futurist have is that the crypto currency is very much here to stay. At lest what Thomas Frey believes and he predicts that crypto currencies are going to displace roughly 25% of national currency by 2030.
For us we hope that these futurist are right in there predictions. Visa and some other companies have made it easier to purchase crypto currencies.
Although Bitcoin has been volatile in the crypto currency market it still isn't going to see a crash anytime soon. It is actually believed that many bigger investors are trying to scare people out of the market by buying and selling the big vast amount of crypto currency.
If the futurist and the economist are correct then we could all be using crypto currency by year 2030.