How High Will Bitcoin Go? Upper Price Limit (According To Experts)
Starry-eyed crypto bulls are quick to espouse the infinite potential of Bitcoin. But although “to the moon” is a very poignant motto, it is not precisely quantifiable.
In that, we have part of our answer. One of the biggest reasons “to the moon” has taken off as the premiere answer to ‘how high could Bitcoin grow?’ is because the honest answer is tough to quantify.
The potential maximum value of Bitcoin has little to do with Bitcoin itself and everything to do with how the world adopts it.
There is essentially consensus among bullish trades and investors that, on its current trajectory, Bitcoin could eventually go as high as $100,000. But, as we will come to discuss, the honest answer is a
By Makkie Maclang, CoinGeek
Bitcoin will forever be remembered throughout history as the pioneer in digital currencies. Before Ethereum, Litecoin, Binance Coin, Cardano and Tether came into existence, there was Bitcoin. It has been more than a decade since the Bitcoin white paper, entitled ‘Bitcoin: A Peer-to-Peer Electronic Cash System,’ was published on Oct. 31, 2008 under the pseudonym Satoshi Nakamoto. However, it only reached mass consciousness in 2017 when its value skyrocketed to $20,000.
Bitcoin is a triadic term that denotes a digital coin, a set-in-stone protocol and a public blockchain network. While Bitcoin has since become a household name and blockchain has been gaining ground in the past few years as a viable technology for businesses in various industries, such as healthcare, gaming, social media, marketing, supply chain and real estate, not many people know about their true history and real value.
Image Credit: Viktoriia Hnatiuk/Shutterstock.com
Bitcoin and non-fungible tokens (NFTs) are the digital equivalents of cash and collectibles. Their value has recently risen dramatically, but the electricity needed to mine them is more than is used by entire countries and results in huge volumes of carbon emissions. At a time when many countries are targeting zero emissions, bitcoin and NFTs represent a real threat to the environment.
What’s Bitcoin?
Bitcoin is a cryptocurrency, a decentralized digital currency that bypasses a central bank, and can be sent from user to user on the peer-to-peer bitcoin network. Transactions are evidenced through cryptography and documented in a publicly distributed ledger called a blockchain.
Crypto community remembers Hal Finney s contributions to blockchain on his 65th birthday The cypherpunk was one of the first people besides Satoshi Nakamoto to mine Bitcoin blocks, and reported many of the early bugs. 12609 Total views News
It’s been more than ten years since computer scientist Hal Finney became the recipient of the first transaction on the Bitcoin blockchain, and his impact on crypto as a technology is still felt today.
Finney was one of the first people to respond to Satoshi Nakamoto’s post on the cypherpunks mailing list, with some in the space still believing he was one of the pseudonymous individuals behind the creation of Bitcoin (BTC).