They're making a lot of silly assumptions.
"From 2013 to 2017, the network grew from 120,000 users to 6.5 million users, nearly a 54-fold gain. Such growth would produce 400 million users in 2030."
That's one of them. That reminds of the cartoon about infinite husbands based on future projection.
And I don't believe there will ever be a Bitcoin ETF.
"From 2013 to 2017, the network grew from 120,000 users to 6.5 million users, nearly a 54-fold gain. Such growth would produce 400 million users in 2030."
That's one of them. That reminds of the cartoon about infinite husbands based on future projection.
And I don't believe there will ever be a Bitcoin ETF.
400 million users isn't unrealistic at all.
facebook has like 2 billion users or so.
400 million users is like 5% of the worlds population.
it's not that much honestly.
and considering it's most likely going to be a pretty wealthy 5% it would be much more then 5% of the world's total wealth.
it can easily be 25% of the world's total wealth in bitcoin.
Systems which are designed to transfer money to different people and companies need to have an ability to operate massive amount of requests, and that is the another reason why bitcoin is still not ready to replace e.g paypal or banking systems- the throttle of network isn't big enough to operate so many transactions in a short period of time.
To change this, we need most importantly faster confirmations, because without being able to transfer your money in few seconds, bitcoin won't be used as a best payment method all around the globe, simply because it is too slow.
Yes.
And considering at the moment that only 40% of the whole world uses the internet and 20 years ago (1997) only 2% of the whole world used the internet and it grew from 2% to 30% in 15 years (2010) (which is the comparison between 2017 and 2030 for BTC).
Now take into consideration that less than 0.006% of the world population had a wallet worth more than 1 BTC last Sept 2016. And in 1991 world wide web was born and 6 years later 2% of the world had it. Its highly likely that BTC will something similar as the internet in growth. But I will tell you better in 2030 what the price will be, but until then I'm just going to buy it. I don't know if BTC as we know it today will be the same then, probably not, but whatever it is I want to own it. And when it morphs into something else by forking I plan to follow it. Just hold the coin after it forks, wait to see where the value goes and then sell off the old one and keep the knew one.
