Bitcoin had gone a long way from where it started. From being a largely ignored digital form of money, it is now viewed by a lot of people as the new “digital gold,” and is even seen by some as one of the most promising investments of the era. On the other hand, there are still others that are not that impressed when it comes to the current performance and the future of Bitcoin and the entirety of the cryptocurrency industry.
Bitcoin is now being used in a lot of industries, and even the world of online gambling is seeing the potential in making cryptocurrencies the future default mode of payment. This is one of the many reasons why the best Bitcoin casino is getting more and more popular with players, as it offers an all-new experience that provides more security and, more importantly to some, more anonymity.
In the past several weeks, BTC had been once again the hot topics for news, that even those who used to not be interested in it have started considering investing. This is because it rose so much in value, reaching up to $58,000 per single unit of BTC. It plummeted down to $48,000 at one point, but once again recovered. At the time of this writing, the current exchange value for 1BTC is more than $54,000. But how much can BTC reach in value? Can it reach $100,000? How about $500,000? How about more?
As it turns out, someone expects BTC to reach far more than that–$1 million in value, to be exact. Jesse Powell, CEO of crypto exchange platform Kraken, predicted that this could be the value of BTCX for the next decade.
In his interview with Bloomberg, Powell said that the trend of BTC is showing that it could even go to “infinity.”
“We can only speculate, but when you measure it in terms of dollars, you have to think it’s going to infinity,” Powell told Bloomberg in an interview. “The true believers will tell you that it’s going all the way to the moon, to Mars and eventually, will be the world’s currency.”
In comparison, Powell explained that the US dollar as we know it now is only roughly 50 years old in circulation, but it is “already showing extreme signs of weakness, and I think pretty soon people are going to start measuring the price of things in terms of Bitcoin.”
“We won’t be measuring the price of Bitcoin in terms of dollars but in terms of what else you’ll be buying with it, probably planets in other solar systems,” he added.
While it is indeed getting bigger and bigger and also more popular by the day, but could BTC soon replace real-world money as we know it now? Powell thinks that it can–in fact, he believes that it soon will and that it reaching a million dollars in value as fast as ten years is something that is within reason.
“In the near term, people see it surpassing gold as a store of value. I think $1 million as a price target within the next 10 years is very reasonable,” he added.
Where can you use Bitcoin now?
Currently, more and more land-based retailers are starting to accept Bitcoin as a form of payment. When shopping online or making online payments, you can now find more merchants and platforms accepting Bitcoin. Even Elon Musk’s company Tesla had announced that they will soon accept BTC as a form of payment for their products.
