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The Future Of Bitcoin; 12 Scenarios From Replacement With Gold To Destruction

No one knows what to expect Bitcoin Is not people suspected of bitcoin, not bitcoin fans or even themselves Satoshi Nakamoto

The Future Of Bitcoin, There is no magic way to predict the future. Many of the sharpest minds in the digital currency space welcome this lack of certainty.

They have no problem with the ambiguity of the future and even believe that this is one of the attractions of Bitcoin.

“Elizabeth Stark, CEO of Lightning Labs, which is actively working to build the future of the Bitcoin network, says:”

Many of the major uses of Bitcoin over the next 10 years are what we now think are insane, just like in the days before Wikipedia, when the idea of ​​an encyclopedia that anyone could edit seemed silly.

What will Bitcoin be like after puberty? This is an interesting article that usesTextJeff Wilshere’s online interview with digital currency experts, we’ll take a look at Bitcoin tomorrow. To be more precise, in this article you will read the opinion of a wide range of the most professional and accurate experts in the field of Bitcoin regarding the possible situation of this digital currency in 2030; Jeff Wilser summarizes these ideas in 12 potentially good and bad scenarios, from certain failure to “peak to the moon” and explains why he chose 2030 to write this report:

Ten years can be a good time to make a meaningful difference, and at the same time, it is so close that it can be imagined with a deeper examination.

For the introduction, Wilshere cites the undisputed ambassador of Bitcoin, Andreas Antonopoulos. According to Antonopoulos, bitcoin is unlikely to become just one thing. He says:

There will be no single use. It cannot be said that bitcoin will be used solely as a store of value, or will be an intermediary in exchange, or will be used in countless other ways; Bitcoin will realize all these uses in different places.

In short, Bitcoin is currently operating in the real world according to different scenarios, and in the future, this digital currency will follow the same trend in an unpredictable way. Antonopoulos adds:

The more widely Bitcoin is used, the more dispersed and diverse its applications will be.

This warning is a prelude to the statement that the scenarios presented in this article do not negate each other and are not comprehensive; The comments made in this article will definitely be criticized and discussed. However, given the general re-emergence of bitcoin, which of course has the effect of extraordinary growth Price There is no denying this general good fortune, now seems to be a good time to pause, think and consider a wide range of possibilities.

Bitcoin is a futuristic idea. Some people are fascinated by the current performance of Bitcoin, while many professionals point to what Bitcoin can do in the future.

Scenario No. 1

The future of bitcoin;  12 scenarios from positive to negative

Bitcoin is growing as digital gold. (Ascending)

The simplest scenario. Peter McCormack, host of the “What Bitcoin Did” podcast, called the scenario a “continuation of the current bitcoin trend.” He predicts:

This theory can be considered almost definitive or with a very high probability. Bitcoin continues its current trend, more people accept it and the value of the network increases. We can see the presence of bitcoin in pension funds, royal treasuries and government balance sheets. The market value of bitcoin will exceed the market value of gold.

But price is only part of the story. According to Isaiah Jackson, author of Bitcoin & Black America, in this scenario, bitcoin could bridge the wealth gap in society. Jackson says:

Twenty-five percent of the black American community has no access to banking.

He adds that when money is raised under the mattress, low-income communities will suffer from unfair inflation. Jackson explains:

Not everyone tolerates inflation equally. Inflation literally kills and destroys people.

For this reason, Jackson regularly hosts webinars with financial groups working for equal rights for people of color, spreading the message of financial empowerment through the power of bitcoin.

Alex Gladstein, senior director of strategy at the Human Rights Foundation, believes the scenario alone is a major victory. Today, there are 130 million Bitcoin accounts, and he estimates that number will reach 1 billion by 2030. Goldstein says:

People think that bitcoin succeeds when you can buy a cup of coffee with it. However, this is a misconception. You do not have to be able to buy Bitcoin to prove your success.

Scenario No. 2

The future of bitcoin;  12 scenarios from positive to negative

They stifle bitcoin rules . (Descending)

The governments of Nigeria and India have banned the use of bitcoin. What if the rest of the world follows suit? Jason Williams, author of “Money You Can’t Destroy: Why Bitcoin Will Be the Next World Reserve Currency?” He argues that countries that have tried to curb digital currencies have never succeeded. He says:

If India has outlawed digital currencies, you can easily move to another country.

The world is fluid and you can easily move your digital currency business to another part of the world. Jackson believes:

Prohibitions do not work.

According to him, if, for example, bitcoin is banned in the United States, it will even benefit bitcoin and make it “rarer”; The result of such a situation will only be an increase in demand and, consequently, an increase in the price of bitcoin.

Regulatory efforts to ban and restrict digital currencies by each country are likely to have the opposite effect. However, there is a specific scenario that worries even Williams, who is a big supporter of bitcoin growth. He says:

Unified universal rules; This is the greatest possible danger.

If world leaders come together to adopt a single policy on digital currencies (such as the Paris Environmental Agreement) and all decide to crack down on digital currencies with drastic measures, the result will be very devastating and disappointing. Of course, Williams adds:

However, this will be really difficult.

According to Williams, even when all the countries of the world try to cooperate, it will be very difficult to get the concurrence of the majority of the main parties or to follow them continuously.

Scenario No. 3

The future of bitcoin;  12 scenarios from positive to negative

Bitcoin becomes an online storage currency. (Ascending)

In this scenario, the main idea of ​​the international reserve currency is slightly reduced. Says Anthony Pompliano, a great American investor and entrepreneur:

Many people can hardly think of Bitcoin as a global reserve currency, but they find it easier to turn bitcoin into an online reserve currency.

According to Pompliano, when you buy something online, it does not make much difference in terms of user experience, the currency you use. Either click the buttons or scan a QR code. In the meantime, the type of currency does not matter much. Pompliano explains:

Dollars, euros, bitcoins or any other currency do not make a difference in the user experience.

He adds that we have less “friction in the transaction” on the Internet, but this is not necessarily the case in the real world outside of the Internet. Clicking to buy a book from Amazon is one thing, and buying a slice of pizza is another.

So bitcoin can become a natural currency on the Internet. Pompliano says:

When you use a currency like Bitcoin and can process your transactions instantly and without intermediaries, you have the opportunity to do business in a digital environment that transcends geographical boundaries.

This can give small business owners an extraordinary advantage and make their clientele international. Because most businesses are looking to reach an audience around the world, accepting bitcoin could pave the way for them, according to Pompliano.

Scenario No. 4

The future of bitcoin;  12 scenarios from positive to negative

The problem of having two types of centralized and decentralized bitcoin (descending)

According to Goldstein, governments are unlikely to ban digital currencies; However, he acknowledges:

There is still a smarter way for governments to fight bitcoin.

In this scenario, governments do not formally announce a ban on bitcoin, but prevent the use of exchanges. To be more precise, governments prevent users from withdrawing assets from exchange offices. Goldstein explains:

In my opinion, this is the most characteristic and possible attack.

For example, suppose US users are unable to access their bitcoins at the Coin Base exchange. Goldstein continues:

This basically converts bitcoin to bitcoin that is trusted by government trusted creditors, such as companies. پی پل (PayPal) is held in the United States, and the bitcoin that was free and available to everyone becomes a bitcoin that can only be searched on the black market.

In this case, black market bitcoins can have a higher value than locked bitcoins in exchanges. It is not yet clear whether such a ban is legal at all. According to Goldstein, this scenario seems unacceptable, especially given the inevitable legal challenges and all the lobbying efforts that are likely to be made by the Chinese bloc. However, he says:

This is the most likely challenge to the Bitcoin dream.

Scenario 5

The future of bitcoin;  12 scenarios from positive to negative

Heavy taxes are imposed on bitcoins. (Descending)

According to Gladstein, this is the “least action” the government can take to prevent the use of bitcoin. However, even the slightest action can be crippling. For example, suppose American citizens are forced to pay a tax on unrealized profits for Bitcoin.Janet Yellen(US Treasury Secretary Janet Yellen) has proposed the idea of ​​a tax on unrealized profits; Therefore, this idea is at least tied to reality and is not very unlikely.

Such a tax would be disappointing for all bitcoin hoodlers who are patiently waiting for the bitcoin price to rise. Also, large taxes can be imposed on companies such asTesla، Square And MicrostrategyDiscontinue investing in bitcoin.

If that happens, the companies’ move from Bitcoin to another asset could, in addition to a market crash, increase trader fear, uncertainty (FUD) and systematically reduce people’s confidence in Bitcoin.

Bitcoin is valuable because people believe it is valuable. The reverse can also be true. This scenario could, for a long time, be a big fan of gold diggers and the likePeter Schiff(Peter Schiff) who are suspicious of bitcoin, satisfactory and a seal of approval. It is interesting to know that Schiff believes:

Bitcoin is the gold of fools, and whoever buys it is ultimately a fool.

Goldstein takes this scenario into account. He explains:

Such a tax would be met with strong opposition from the private sector and bitcoin micro-investors. About 10 percent of Americans own bitcoin. The gift of bitcoin is democracy. There is a small but vocal minority among the people who will harass MPs across the country for not doing so.

He points out that right now, the wind is blowing in another direction (towards a more friendly encounter with Bitcoin), such as DesireMayor of Miami to make the city a hub for digital currency activities. According to Goldstein, US states may even compete with each other to welcome bitcoin.

If Miami becomes a hub for digital currency businesses, other cities are likely to ease their rules instead of enforcing more cumbersome regulations.

He adds that even in the worst-case scenario, if the United States adopts a “medieval” logic by passing punitive taxes, then people will migrate to other countries to provide more friendly environments for digital currencies. He says:

People can immigrate to Singapore, Taiwan or Norway.

Governments may still do a lot of things that do not make much sense. However, given that there are more “rational actors” in politics, such a presupposition would not be a cause for concern.

Scenario No. 6

The future of bitcoin;  12 scenarios from positive to negative

Bitcoin is used to buy a cup of coffee. (Ascending)

Most people believe that accepting Bitcoin as a digital currency requires accepting it as digital gold. Also, Bitcoin is currently used as an intermediary for international payments and foreign exchange remittances and is used in countries with weak national currencies.

Andreas Antonopoulos personally uses Bitcoin on a weekly basis to pay the fees of web designers and translators in various countries, and says that “hundreds of thousands of people around the world” use it.

However, by any measure, bitcoin transactions are still only a small fraction of the transactions made around the world for goods or services. Will this change by 2030?

How likely is it that most people around the world will use bitcoin to make their transactions?

How likely is it that Bitcoin, according to its creator, Satoshi Nakamoto, will become a “peer-to-peer electronic money system”?White Paper Bitcoin) to become?

This is a bit complicated.

On the other hand, Goldstein says that in 2030, the transaction cost for sending bitcoins (on the main blockchain layer) will probably be very high. This statement is probably true, because otherwise the miners will have no incentive to continue mining. Goldstein predicts:

Over the next century, transaction costs will gradually become a large part of what miners earn; Because, over time, eventsHawingThe block bonus is reduced until finally, in 2140, when the extraction process is completed, the block bonus is reduced to zero. In my opinion, by 2030, using the original blockchain will be very expensive, and at that time, it would be strange if you want to pay bitcoin for something less than $ 100.

In addition, the constant problem of price fluctuations will be another barrier to the daily use of bitcoin. Raoul Pal, former CEO of Goldman Sachs, who now heads the Real Vision Research Group, sees this as a major barrier to bitcoin spending. According to Paul, bitcoin price fluctuations will be adjusted by 2030, but this is not enough to convert bitcoin into a suitable currency to buy a loaf of bread.

On a volatility scale of 1 to 100, if the bond volatility rate is 3 or 4 and the stock market fluctuation rate is in the range of 20 to 30, Paul estimates the current bitcoin fluctuations at 70 and believes that this rate is up to the next decade. Will decrease to 30. This will be a significant improvement, but it still will not solve the problem. Paul says:

I would be in big trouble if I accepted to own a bitcoin business; Because, Bitcoin will still fluctuate by 20 to 50 percent per month, and the value of this digital asset will fluctuate when we calculate it on the balance sheet. I can not design my business model based on this.

But here is the point. Although most people agree that using bitcoin (as we see it today) to buy a cup of coffee in 2030 is unlikely, they find the seventh scenario more likely.

Scenario No. 7

The future of bitcoin;  12 scenarios from positive to negative

Bitcoin becomes a backbone for defaults and very fast transactions.

In this scenario of the function Lightning Network(Lightning Network) we use. Elizabeth Stark predicts:

Most users are unaware that they are using Bitcoin and Lightning Network, just as Internet users are unaware that they are using the TCP / IP protocol.

What technology do you use to send a photo message to your friend? Most likely, you do not know; But in any case, you use this feature of your mobile phone. According to Stark, money based on bitcoin will work the same way. He explains:

Bitcoin can be a protocol that supports online transactions, whether they are international payments or payments that take place in messaging applications, or the cost of gaming platforms or financial support for artists and creative people.

Anthony Pompiliano agrees that bitcoin as a digital currency may have a similar function to the barbell investment strategy; In other words, bitcoin can be valuable in the largest and smallest transactions.

It is worth noting that the barbell investment strategy is a type of investment in which the stock portfolio is a combination of highly secure assets and assets with sharp fluctuations and not assets that are in the middle of these two extremes.

Pompliano says people tend to focus on the “mid-range” of transactions in the $ 20- $ 50 range, but bitcoin can be brilliant in two areas: the largest and the smallest transactions.

  • If you need to send $ 20 million to Zurich to complete a trade, Bitcoin is the cheapest way to do it.
  • Also, if you want to be stingy and send your friend just a penny for his birthday, Bitcoin is still the right choice for you. As Pompiliano puts it:
You can send a penny to your friend at Lightning Network for free.

Goldstein sees these layered solutions as the last chapter of a longer economic story. He explains:

Money is always scaled in layers. Think of a time when gold supported money. At that time, people did not keep gold in their pockets. Instead, our wallets were filled with paper bills instead of gold. The banknote was one layer. Soon more layers, such as a credit card, were added to the system. You can do some of your transactions with gold, some with cash and many more with your credit card.

This is what he thinks could happen to Bitcoin in the next decade. Currently, only 7 transactions per second can be processed in the main layer of the Bitcoin blockchain. Goldstein expects us to see “large, large, and meaningful” transactions, as a “giant container ship,” as bitcoin scalability increases in the future. Each of these containers (core layer transactions) can contain millions of small transactions. He says:

You and I can conduct our transactions on the Lightning Network for a full year without having to transfer our money to the main chain.

And exactly how can it be Decentralized finance(DeFi) included in this? Will Defy come to Bitcoin or will Bitcoin go to Defy? Pompliano explicitly states that Bitcoin is the same as Defy and explains:

Bitcoin is leading the way in decentralized finance. Bitcoin is decentralized money.

According to Pompliano, bitcoin and the current mix of defy projects, such as decentralized lending, securities acquisition and lending platforms, will eventually merge in some way, although it is not yet clear how this will work. He says:

Will Bitcoin be transferred to other blockchains (such as Bitcoin Rapid (WBTC) or tBTC), or will we see decentralized infrastructure using the Bitcoin blockchain? At the moment, we do not know anything.

Paul agrees that we can not say for sure what the future holds, and goes on to say that, to some extent, it does not matter. He says:

It does not matter how much bitcoin will find its way into a decentralized finance architecture. [Developers] will find a way to move bitcoins across different chains. You and I should not get involved.

Referring to Stark’s logic, Paul compares bitcoin to the Internet. He laughs and points to the Zoom app, which connects his online interview with Wilshere, and then says:

I do not know what computer model you are using. We have different systems. Now, we are using the zoom application. No one knows how each of these systems works. However, with just the click of a button, you can see and talk to your friend.

Or maybe you don’t even need to click a button. In the future, when we see small payments with bitcoin and decentralized finance surprises, day-to-day transactions will probably be automated and money will flow more easily. Pompliano asks:

Why should you get paid every two weeks [or every month]? Why not get paid at the end of each day? And Why don’t you get paid every hour? All of these problems are related to technology.

Bitcoin-based automated or current payments can transfer a simple, fluid flow of payments to your bank account and take the concept of “direct deposit” to a whole new level. This is just an example. Another example Stark predicts:

Cars can pay for other cars instantly and by default. [Suppose, for example] that Tesla pays for the charge with Lightning Network!

Scenario No. 8

The future of bitcoin;  12 scenarios from positive to negative

Worst of all, network security is lost anyway. (Very descending)

Bitcoin has never been hacked. This is a bulletproof net. Bitcoin is more secure than your bank.

Statements like the previous three sentences are common discussions about bitcoin. Security is one of the main principles of this digital currency. But, if this security is compromised, the bitcoin business will end and that day will be a day of joy for people like Peter Schiff!

The Black Swan phenomenon is a metaphor for an unforeseen event but it is important that it has a significant effect on the situation.

In the Bitcoin network, strong black failures can also take many forms: a 51% attack, an attack by quantum computing, or some sort of network error or problem we have not even considered, which Donald Rumsfeld calls “unknown unknowns.” ».

However, Bitcoin fans see this as possible but unlikely, which is not surprising given the nature of the Bitcoin network. Goldstein says:

The cost and feasibility of procuring mining equipment is too great for a company or a government to take advantage of mining power and destroy or manipulate the bitcoin blockchain.

He argues that in addition to spending large sums (at least $ 5 billion), the production of mining equipment itself takes a long time, and all available mining equipment was sold this summer. In addition, semiconductor chips are rare worldwide. Therefore, according to Goldstein, it seems unlikely that the production of enough bitcoin mining equipment could pave the way for network manipulation.

Explains about hacking by quantum computing:

In my opinion, this is just an amazing brain teaser that is almost impossible in reality; Because as the capacity of destructive and aggressive technology increases, so does the ability of defense technology. In cryptography, this is more like a game of cat and mouse.

In addition, Pompliano notes:

If you happen to have access to quantum computers, blockchain will not be the first thing you attack, because you are destroying its value and not reaping its benefits. Therefore, you will choose a goal that has more benefits.

However, many people outside the Chinese bloc are not so sure about this. Deloitte notes in a report entitled “Bitcoin Quantum Computers and the Bitcoin Blockchain” that although quantum computing in its current form cannot hack bitcoins, this may change. The report states:

Currently, scientific estimates predict that it will take about eight hours for a quantum computer to break an RSA key. Also, some specific calculations predict that the Bitcoin signature can be hacked within 30 minutes; This means that bitcoin must in principle be resistant to quantum attacks. However, if a quantum computer can find a private key in 10 minutes using a public key, the bitcoin blockchain will be essentially destroyed.

Google now has a quantum computer. While it may be possible for bitcoin developers to create patches and shortcuts, Sundar Pichai, Google CEO at the Davos World Economic Forum, said:

In the next 5 to 10 years, quantum computing could destroy cryptography in its current form.

Scenario No. 9

The future of bitcoin;  12 scenarios from positive to negative

Big win: Bitcoin topples Fiat. (Ascending and a bit imaginative!)

Can Bitcoin completely eliminate national currencies by 2030 and become a common international currency?

We consider this scenario only as a possible possibility; However, almost everyone Wilser interviews, including the most ardent Bitcoin fans, finds it very unlikely that Bitcoin will replace Fiat currencies. You won’t find a fan of Bitcoin more than Jason Williams, who works on Twitter under the username GoingParabolic. He is confident that Bitcoin will eventually become a global reserve currency, saying:

In my opinion, it is easily possible for Bitcoin to reach $ 1 million to $ 1.5 million by 2028, and I think it could reach $ 5 million by 2030.

But even Williams believes that Bitcoin will not be able to completely replace Fiat currencies by 2030.

Fiat currencies will most likely stay with us for a long time, at least in some cases. Goldstein says:

In my opinion, during our lifetime, that is, between the next 60 to 100 years, the Fiat currency will always exist and will remain a trading currency. I am confident that governments can always issue bonds and have Fiat currencies.

However, Goldstein adds:

As bitcoin grows in popularity, governments’ ability to control the world will diminish.

Scenario number 10

The future of bitcoin;  12 scenarios from positive to negative

Bitcoin betrays. (Whether this scenario is ascending or descending depends on your point of view.)

Andreas Antonopoulos enthusiastically and eloquently talks about the power of bitcoin to provide banking services to disadvantaged people, and the potential to enhance the lives of people around the world. However, it criticizes what is called “mainstream acceptance.” He explains:

The “mainstream” is a Western cartoon in which [a hypothetical person] Karen buys with his visa card in the Macy’s store. However, this is not the mainstream. In fact, [people like Karen] are a very small group of affluent people on this planet.

According to statistics provided by Antonopoulos, quoted by Alex Goldstein, only 13% of the human population in democracies and liberal countries live with a reserve or stable currency system. Antonopoulos summarizes his main message:

The other 87% are mainstream. That equates to another 6 billion people. This is the mainstream of humanity, and the mainstream of humanity needs currencies that are not subject to speculation.

So, for Antonopoulos, the scariest scenario is to please the prosperous 13% (like Wall Street, Ilan Mask, JPI Morgan and Western speculators and investors), betray bitcoin to 87% higher. He says:

In my view, the greatest danger is that we will neglect to maintain the three basic principles of decentralization, neutrality and anti-censorship in order to benefit the very, very small minority that we call the mainstream.

To be more precise, this statement is about simplification Customer Recognition RulesAnd anti-money laundering regulations point out that there are significant barriers for people without access to banking.

According to Antonopoulos, this move “promotes” bitcoin and removes it from its original domain, which was limited to a few people, such as cyberpunks.

In his view, we will proceed on a slippery slope, and the first step will lead to a chain of events and larger consequences (it can even be argued that the first step has now been taken).

Some of the first mistakes may begin with the so-called “harmless” rules of customer recognition and, ultimately, threaten the most important feature of Bitcoin, its scarcity.

If miners are deceived in some way, for example by laws, threats or incentives to the extentSupply of 21 million Change Bitcoin, what will happen?

Antonopoulos raises this issue:

In my opinion, miners will be asked to “adjust” the bitcoin supply.

This may not happen explicitly and the miners will not dare to convert 21 million units of bitcoin to 42 units. But, the flow can be even more destructive! Miners may agree that all the bitcoin units that Satoshi has not transferred over the years have been wasted; So, they would only resort to this as a last resort. Miners may agree to re-create and reinstall any bitcoin deemed lost.

However, even in the Bitcoin betrayal scenario, Antonopoulos is generally optimistic about the future and the power of bitcoin ideals. He says:

They can target what we call bitcoin today and undermine and threaten it. But in this case, the original idea is reconstructed with the same name or another different name; Because no one can stop billions of people from accessing the global economy.

Finally, Antonopoulos states:

Maybe, they will try to give official and legal status to their action, but in the end they will fail.

Scenario No. 11

The future of bitcoin;  12 scenarios from positive to negative

The International Monetary Fund becomes Bitcoin’s competitor. (Descending)

Paul smiles insidiously after examining various downtrend scenarios that he thinks are not very convincing, saying:

Here a possibility is ignored.

And then he comes up with another weird new scenario.

The question he raises is, what would you do if the International Monetary Fund created a global digital currency? Of course, this is not a new idea and so far it does not seem very threatening.

But Paul adds another premise: Suppose any country can use this money only if it limits its money printing to 2% per year. This could again challenge the most valuable feature of Bitcoin: scarcity.

Paul says:

Such a story can be very interesting. This does not mean getting rid of bitcoin, but less the need to accept it.

According to Paul, bitcoin idealists are more likely to talk about the philosophical benefits of this digital currency, such as decentralization, free access for all, and freedom from the shackles of all governments and banks. But for many, the most important feature of Bitcoin is its scarcity. He explains:

In the real world, people only want to pay their bills, make money and trade with others. Idealism does not benefit businesses and does not pay individuals’ monthly loan installments.

According to Paul, for many Bitcoin fans, the important issue is its scarcity. Therefore, the International Monetary Fund can start working and create its own scarce currency.

But to what extent Paul sees this scenario as possible is surprising. He says:

I think it is very likely. The International Monetary Fund knows that there is a problem with printing money, and this can lead to the transfer of assets to other areas and create an unstable system.

Thus, the International Monetary Fund can create a coin that is scarce; In doing so, it has in fact stolen one of the most important bitcoin strategies, but why not give it a try?

Paul states that he does not know whether the International Monetary Fund is planning to create such a rare global coin, and it seems unlikely that such a move will be made soon. He does not even know much about the 2% printing limit. Paul seems to have this idea in mind.

However, if one of the IMF’s young and ambitious analysts accidentally reads this article, gets inspired by it, and then passes the idea on to his boss, and his boss passes it on to his own boss, very soon an early version of the idea.

Is created. Imagine the International Monetary Fund really implementing its rare global coin as a bitcoin competitor, destroying hundreds of billions of dollars in bitcoin market value and bankrupting millions of Huddlers.

In this case, we will suffer extraordinary damage for many months.

And since this is not a good scenario for the end of this article, we can consider the final scenario more optimistically.

Scenario No. 12

The future of bitcoin;  12 scenarios from positive to negative

Martians use bitcoin. (Ascending)

The term bitcoin “goes to the moon” is reminiscent of 2017. Isaiah Jackson has a stranger and more fascinating idea. He predicts:

I think by 2030 we will have spacecraft on Mars and they can transact digital currency via satellite.

Jackson is not kidding. He notes that Ilan Mask, the pioneer of a trip to Mars, is currently looking upwards at the future of bitcoin. Mask recently wrote on his Twitter account:

Bitcoin is used for almost as much as Fiat money. Of course, the keyword is “almost”.

Jackson says:

If Mask succeeds in taking humans to Mars and creating a new society, they will never use cash.

He adds that Blockstream has the infrastructure for satellite payments; So, bitcoin can really be used in space. Jackson says:

2030. The spacecraft on Mars is sending digital currency to Earth. (Laughs) I’m sure!

Which scenario do you think is more likely than the others? Share your overview below this article.