I'm wondering what people on here, think/hope Bitcoin to be in the near to mid-term future, let's say in the next 5,10,20 years (pick one time horizon).
In the next 5 years, not much will really change for Bitcoin, things will be pretty similar to how they are now. However, in 10 years, more countries might realize why making Bitcoin an official currency is a good idea, allowing their people to use it. Looking ahead 20 years, Bitcoin's price is expected to go up significantly, possibly staying above the $100k range. During this time and beyond, many folks might prefer using Bitcoin as a way to store value and cross-border payments method, because it would become a more valuable asset, and people wouldn't be keen on selling it.
In the next 5 years, mixers will be declared as illegal tool regardless it's legit or scam.
In the next 10 years, the government will crackdown No KYC P2P and DEX, forcing every sites to ask KYC.
In the next 20 years, most of coins are identifiable; the government and CEX know which person owns which address and how much the coins he have.
I totally agree with you mate. Mixers used to be a way to amp up Bitcoin's privacy, but lately, they've kind of turned into a hub for shady activities. With all these new mixers popping up, a good chunk of them might be set up by criminals trying to cover their tracks. So, in the next 5-10 years, mixers might just fade away and be labeled as illegal.
And about KYC, that's already happening. Think about it – how many non-KYC exchanges do we have now compared to before? Not as many. Many of these no-KYC platforms are facing pressure from government bodies, making them adopt KYC or lose access to services. It looks like privacy might take a hit, and we could end up losing some key Bitcoin features soon.