Published
5 years ago on
October 24, 2018
“There’s an ongoing shift away from fiat money, and the momentum of this is only set to increase over the next 10 years. The pace of mass adoption will speed-up. A growing number of major institutional and retail investors, as well as financial institutions and regulators, amongst others, understand that cryptocurrencies are the future of money.â€Despite the growth forecast in cryptocurrency, Green predicts that the influence that Bitcoin has and its dominance will drop massively in the next ten years. Even though rumours of a bull market have been floating in the space for a while now. Green said that this is due to a “mass adoption of cryptocurrency grows, more and more digital assets will be launched – by organisations in both the private and the public sectors. This will increase competition for Bitcoin and dent its market share. In addition, it is likely that Bitcoin will be hit by the superior technology, features, and problem-solutions, offered by existing and yet-to-be-released cryptocurrencies.†Green went on to say:
“As such, the market will have grown beyond recognition when Bitcoin celebrates its 20th anniversary.â€The price of Bitcoin is currently $6,513 and is in the green with 0.67% increase over the past day. Remember, this is not investment advice. The price of Bitcoin is volatile and depends on numerous other factors. Nobody can every truly predict the next price change in Bitcoin or any of the other cryptocurrencies, therefore if you do decide to invest, make sure you do so based on your own prior research. Only invest what you can afford to lose! What are your thoughts? Do you believe the leading cryptocurrency could possibly crash within the next ten years? Let us know what you think down in the comments below!
