Crypto News

Bitcoin Will Grow To $100 Trillion Asset, Flipping Gold As A Store Of Value

Saylor also says the next ten years could see Bitcoin make up 5% to 7% of the global economy. In this time, the US dollar could have replaced most of the world’s national currencies, with the euro and the Chinese Yuan the only other global currencies. According to him, the ETH exchange strategy is to “keeps stacking forever”, which implies buy more BTC whenever the opportunity to do so appears. He said that the next ten years will see the flagship cryptocurrency explode amid massive investor adoption, even as monetary indexes across the globe collapse.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. Read more about BTC to USD here. After signing up, you may also receive occasional special offers from us via email. We will never sell or distribute your data to any third parties. Keep updated with our round the clock and in-depth cryptocurrency news.

Microstrategy Ceo Says Bitcoin Is Winning, Gold Is Losing

The supply of BTC is limited and pre-defined in the Bitcoin protocol. This means that the price is sensitive to shifts in both supply and demand. In total, 21 Millions BTC can be mined and the Total Circulating Bitcoin chart displays how many of them have already been found. He added that the trajectory that the cryptocurrency is on will continue in the digital gold’s favour, with the precious metal set to be overtaken this decade.

How much would $1000 buy in Bitcoin?

The hypothetical $1,000 investment would be worth $2,273.98 today, based on a price of $67,277.63 at the time of writing. This would represent a return of 127% in just over 10 months.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. The market price is a consolidation of prices from crypto exchanges market data. The average USD market price across major bitcoin exchanges. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.

Leave a Reply

Your email address will not be published. Required fields are marked *