Four experts told us their long-term predictions for bitcoin – and the most crucial information that crypto novices need to know

  • Date: 09-May-2021
  • Source: Business Insider
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

Four experts told us their long-term predictions for bitcoin – and the most crucial information that crypto novices need to know

Bitcoin is rapidly gaining popularity as many look to the cryptocurrency as a or storehold. But the digital unit of currency has its drawbacks. Its volatility is widely recognized among many, which has led investors, including Warren Buffet, to criticize it and other cryptocurrencies as "risky" and "worthless." And now, with the recent rollout of , discussions about bitcoin's vulnerability are gaining momentum. Insider spoke to four experts in the crypto industry about their future predictions. When asked where he sees bitcoin in 10 years' time, Pierce seemed bullish while also taking a swipe at the US government's fiscal decisions. He said: "After seeing the growth of btc in the last 6 months (Mkt cap exceeding $1T) I'm very optimistic about the future growth of this technology. Our government's poor monetary choices (overprinting, excessive spending, etc…) only work in Bitcoin's favor — and from what we've seen in the last year, there's no sign of slowing down." For Pierce, the crypto landscape has drastically changed since its inception. But according to him, a major attraction of the cryptocurrency is the fact that "every transaction that has ever occurred is put on an open - public ledger making fraudulent applications nearly