Topic: Can Bitcoin Become Mainstream In The Next 10 Years? - page 12. (Read 2496 times)
I dont think so, its impossible to achieve it only in 10 years, even only few people in my city who know about bitcoin, I have told about bitcoin mu friends but they don't believe it so I think it will not easily achieved in next 10 years.
According to a study conducted by researchers at Imperial College London, cryptocurrency has the potential to become a form of payment that is widely used for decades to come. In their research report entitled "Cryptocurrency: Overcoming Barriers to Trust and Adoption" Professor Imperial College London, William Knottenbelt, and Imperial College Business School Dr. Zeynup Gurguc, argue that cryptocurrency has so far acted as a store of value like a fiat currency.
It is very likely to happen unless a new currency has been devised by the government in the future and it is more widespread. Personally I think Bitcoin can only be represent for cryptocurrency because its value is at least a few thousand dollars, which is very annoying if you have 1 Bitcoin and want to buy a couple of snacks. Not because because you do not want your 1 Bitcoin to be 0.999999 Bitcoin, but also you don't know whether you pay more than the amount of the item you bought because the value of Bitcoin is so massive to keep track on.
Everything about bitcoin regarding that matter is still uncertain beforehand. Though there's a chance it can be widely used but it doesn't seems totally realistic if the basis was 10 years from now.
maybe yes maybe no. because we don't know how many total bitcoin users actually are today. bitcoin has been in existence for nine years and the total marketcap reaches hundreds of billions dollars. maybe when the next 10 years can be 2 times or more. lets wait and seeThere is a possibility for it to become mainstream. The number of crypto users are growing day by day and if we consider the growth in terms of price then it would be able to attract more users when its price shoot up. We can only count on the people who remained faithful to it though when the price went down for us to see if they are really in it for the long term. As the price becomes stable, more people and businesses would consider adopting it and it would be the key for it to become mainstream.
Of course bitcoin can become mainstream within the next ten years. Unlike many fiat currencies in the world, bitcoin is stable in terms of its inflation, with mining being halved every four years. I wouldn't be shocked if central banks were already starting to hoard it.
yes, I believe bitcoin can be something that is mainstream for the next 10 years, we can see from the last year that bitcoin may be said to have pointed out the mainstream
Everything about bitcoin regarding that matter is still uncertain beforehand. Though there's a chance it can be widely used but it doesn't seems totally realistic if the basis was 10 years from now.
maybe yes maybe no. because we don't know how many total bitcoin users actually are today. bitcoin has been in existence for nine years and the total marketcap reaches hundreds of billions dollars. maybe when the next 10 years can be 2 times or more. lets wait and see
Because as we can see, from now on that's what BTC does. It dominates the currencies of every country in the world. Yes, there is a possibility that BTC will become mainstream for the following years.
It is very possible for Bitcoin to hit a global patronage within the next 10 years considering its exponential growth in attracting new users and investors every day. People are getting to know its concept and the benefits it can offer them.
Currently there are many governments that prohibit transactions using bitcoin, there is even a government that prohibits bitcoin for any purpose. But most existing governments are only neutral by not allowing bitcoin transactions and allowing them as commodities. I think they are waiting for the progress of bitcoin and also the decisions taken from the governments of other countries.
Because we all know bitcoin has the potential to replace a currency with its various advantages. I think 10 years is enough time to make bitcoin acceptable to a wider audience even though bad news remains a problem in the progress of bitcoin
Because we all know bitcoin has the potential to replace a currency with its various advantages. I think 10 years is enough time to make bitcoin acceptable to a wider audience even though bad news remains a problem in the progress of bitcoin
That is a good possibility. Bitcoin in a decentralized way isn't interesting for governments and their friendly businessmen, but Blockchain technology is. To become mainstream isn't an easy task, you need the cooperation of the media, big investors, corporations, governments, mafias... And Bitcoin doesn't have support from any of those factions.
According to a study conducted by researchers at Imperial College London, cryptocurrency has the potential to become a form of payment that is widely used for decades to come. In their research report entitled "Cryptocurrency: Overcoming Barriers to Trust and Adoption" Professor Imperial College London, William Knottenbelt, and Imperial College Business School Dr. Zeynup Gurguc, argue that cryptocurrency has so far acted as a store of value like a fiat currency.
Yes, I'm sure that bitcoin will become the main payment form, and perhaps the only one. The only thing is very difficult to predict when exactly this will happen. The countries of the world are very different in terms of technological development. I mean, even now there are places on the planet where there is no internet. Every day their are less and less, of course.Most importantly, the more people learn about crypto currencies and blockchain technology and will understand all the advantages of using it for different purposes, the sooner we will move to a new level.
Never before can the BTC become the world's common currency, even though the BTC is still around for years, because using BTC is not suitable for some people and if you are not tech savvy you will not be able to. Use and Secure BTC
It should not take 10 years, and BTC should become mainstream within 5 years. At present, the real society's demand for gold is already very large, and BTC can replace some gold in the Internet area.
According to a study conducted by researchers at Imperial College London, cryptocurrency has the potential to become a form of payment that is widely used for decades to come. In their research report entitled "Cryptocurrency: Overcoming Barriers to Trust and Adoption" Professor Imperial College London, William Knottenbelt, and Imperial College Business School Dr. Zeynup Gurguc, argue that cryptocurrency has so far acted as a store of value like a fiat currency.
No one can say the future...But we can say the usage of bitcoins will increase which is a positive sign for becoming the main stream...But now comes about the government...No idea whats going on in the mind of the government...May be they can ban bitcoin...And if they do then it cant be the main stream..
According to a study conducted by researchers at Imperial College London, cryptocurrency has the potential to become a form of payment that is widely used for decades to come. In their research report entitled "Cryptocurrency: Overcoming Barriers to Trust and Adoption" Professor Imperial College London, William Knottenbelt, and Imperial College Business School Dr. Zeynup Gurguc, argue that cryptocurrency has so far acted as a store of value like a fiat currency.
Well we really do hope so. The fact that Bitcoin as well as other cryptocurrencies has helped us with our transactions much secure and easier is just one of the reasons why many people will use cryptocurrencies just like the currencies we usually use.
Crypto makes the payment system hassle free. Its easier to carry them, a new form of currency i suppose. Might be mainstream in less than 5 years or so.
According to a study conducted by researchers at Imperial College London, cryptocurrency has the potential to become a form of payment that is widely used for decades to come. In their research report entitled "Cryptocurrency: Overcoming Barriers to Trust and Adoption" Professor Imperial College London, William Knottenbelt, and Imperial College Business School Dr. Zeynup Gurguc, argue that cryptocurrency has so far acted as a store of value like a fiat currency.
I don't think it can be mainstream in our life because still more people don't want invest in Bitcoin. But if Bitoin creat new opportunities in daily life for everyone, I think more and more people will join to it. It is real for that period of time. But still it is long about 10 years, in year 5 or 3 years the popularity of Bitcoin will grow up very fast and the price will be better than now.
I agree with you because 10 years is a big period of time. Every day more and more people are joined to Bitcoin. So we must think about the polarity of Bitcoin. It doesn't need to be a mainstream.
Short answer is yes. The factors impacting the rate of Bitcoin adoption can be roughly divided into three groups: technological, utilitarian and psychological.
The technological barrier is the transaction number limit. Second layer solutions are about to fix this as of writing.
Utility problems will be solved by individual cryptocurrency payment suppliers or lets say paypal addig BTC feature. Also credit card manufacturers have to be involved. This is also inevidabel because buying crypto is too complicated for a totally new user. Especially if this user is a 50 year old merchant who has a restaurant and can make the best meal but doesnt even use a computer on a daily basis.
Unfortunately the Psychological barrier can only be passed by global legislation frameworks. That is hard but will happen within 10 years.
The technological barrier is the transaction number limit. Second layer solutions are about to fix this as of writing.
Utility problems will be solved by individual cryptocurrency payment suppliers or lets say paypal addig BTC feature. Also credit card manufacturers have to be involved. This is also inevidabel because buying crypto is too complicated for a totally new user. Especially if this user is a 50 year old merchant who has a restaurant and can make the best meal but doesnt even use a computer on a daily basis.
Unfortunately the Psychological barrier can only be passed by global legislation frameworks. That is hard but will happen within 10 years.
definately bitcoin will become a mainstream in the next 10 years because bitcoin is becoming well known cryptocurrency which i think many people will be knowledgeable on how to manage these crypto.Bitcoin also offers a variety of innovative solutions that address every people's need which is likely more eligible to use in different transactions via a blockchain or even to a different nodes.
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