Are Bitcoins The Future?


Bitcoins value and price are steeping low, There has been no increase. Trading a gift card for bitcoins is one way of acquiring bitcoins but it discourages Newcomers as they only get $2 up to $4 worth of bitcoins. Thus through businesses adding a bitcoin atm into their stores, this cements a sort of a future as it in real life is seen but investing in bitcoins now would be a waste of time as its value decreases every day.

On the other hand according to cnbc, “Bitcoin prices nearly reached $20,000 in December 2017 as investors poured into cryptocurrencies”. Which goes to show there might be some hope left for bitcoin investors. Furthermore cryptocurrency is definitely in the future. The Fate Of Digital currency , a digital currency is a computerized cash that is made and overseen using propelled encryption systems known as cryptography. Digital currency made the jump from being a scholastic idea to (virtual) reality with the production of Bitcoin in 2009. … The appropriate response lies with Bitcoin.

Now what would happen if all bitcoins are mined, if all bitcoins are mined then the high demand would eventually cause a steep increase in the price. But we are far from that as according to, “Originally, 50 bitcoins were earned as a reward for mining a block. Then it dropped 25 bitcoins, and then to 12.5 bitcoins. In 2020, it’ll drop to 6.25 bitcoins. So if we do the math, if there is a halving event every four years, the last Bitcoin should be mined sometime in the year 2140“.  As a result we in this generation dont have to worry about that as it is speculated that by 2140 all the bitcoins would have been mined as their is only going to be one left.

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