Okay, with the elections many months away from now, i crave your indulgence to change the topic a little bit with a new discussion. It is no longer news that the 19th million Bitcoin was mined a few days ago, so i will like to know what our amiable community thinks about it in relation to what it entails for the Bitcoin network in general, in terms of growth, mass adoption, regulation, appreciation in price and other whatnots.
There are about 2 million Bitcoins left to be mined, well i know we won't all be alive to see the remaining two get mined, but i am looking at the nearest feature, let us say in the next 30-40 years, how do you envisage the growth of Bitcoin, we all know the network has a stipulated amount of coins (21 million) to be mined, thus as time goes on we would thrive on scarcity amidst supplus demand, which invariably would cause an appreciation in price, thus:
1)How high do you think Bitcoin can appreciate in price in the nearest future, let us say in the next 3 decades?
2)What is your take on mass adoption? When does it seem possible that the network would achieve/attain mass adoption?
3)Quite rightly Bitcoin is a good hedge to fiat devaluation, but it isn't still a 'safe haven asset' nor a store of value like gold, do you ever think the network would get to the point of being a 'safe haven asset'/store of value?
4)Bitcoin has experienced a sporadic growth in our great country Nigeria, and with cost of living skyrocketing in Nigeria as a result of inflation, do you think more Nigerians would adopt Bitcoin in the coming months/years?
5)Are you a believer in Bitcoins long term sustainability?
For the past few years now bitcoin have proven it starting from October 12 2009 when bitcoin price was just 5.02$ so for about 13 years now bitcoin have about 9,500X this have proven that in the nearest future bitcoin will go beyond the moon and with time might replace fiat due to inflation and other factors , definitely am a believer of a bitcoin my children will definitely do crypto smiles invest now to make a fortune in the future.