Bitcoin Will Grow To $100 Trillion Asset, Flipping Gold As A Store Of Value

The supply of BTC is limited and pre-defined in the Bitcoin protocol. This means that the price is sensitive to shifts in both supply and demand. In total, 21 Millions BTC can be mined and the Total Circulating Bitcoin chart displays how many of them have already been found. He added that the trajectory that the cryptocurrency is on will continue in the digital gold’s favour, with the precious metal set to be overtaken this decade.

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What Can I Do To Prevent This In The Future?

Saylor also says the next ten years could see Bitcoin make up 5% to 7% of the global economy. In this time, the US dollar could have replaced most of the world’s national currencies, with the euro and the Chinese Yuan the only other global currencies. According to him, the strategy is to “keeps stacking forever”, which implies buy more BTC whenever the opportunity to do so appears. He said that the next ten years will see the flagship cryptocurrency explode amid massive investor adoption, even as monetary indexes across the globe collapse.

When was bitcoin worth $1?

When Bitcoin was first introduced in 2009, it was worth $0. A year later, when early adopters began trading in the digital currency, it was valued at the fraction of a cent. In 2011, the cryptocurrency hit the level of $1 for the first time.

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