Is Bitcoin Ever Going to Mature?

Is Bitcoin Ever Going to Mature?
  • It has been argued by analysts that the emerging market has still got a long way to go before it is in a mature state.
  • Alex Kruger shows the majority of Crypto Twitter participants think that bitcoin will eventually mature.

It has been argued by several analysts recently that the emerging market has still got a long way to go before it is able to reach a mature state, as seen in traditional markets.

In a recent poll conducted by the macro cryptocurrency analyst, Alex Kruger, it shows the majority of Crypto Twitter participants thinking that bitcoin will at some point, eventually mature and settle into a wide price range, lowering in volatility and will be similar to that of traditional commodities markets in real-terms.

Kruger added, “something that settles into a range in real terms still trends in nominal terms due to inflation, as most commodities do.”

Timing is the big question though and BTC is still a long way off levels of maturity, where it ‘settles’ into a defined range.

Before we go any further though, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!

Willy Woo, another prominent crypto analyst and trader, said the price of bitcoin still had a while to go in finding the ceiling.

“Anything between a [market capitalization] of $10 trillion to $100 trillion is fair game,” Woo said.

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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