Bitcoin, during its existence, has turned from a simple digital currency into a symbol of decentralization and financial freedom.
Since its creation in 2009, it grew incredibly regarding price and influence on world finances, turning private investors’ and large corporations’ attention toward it.
What will happen in 30 years with Bitcoin is the question that interests every participant of the crypto market.
The current approach, like swap USDT to BTC, allows users to respond to short-term price changes, but for long-term planning, it’s necessary to understand what Bitcoin is going to be in the far future.
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Limited Supply and Scarcity
One of the most striking features of Bitcoin is that the supply is capped, being limited to a supply of 21 million coins in total.
While new BTC keeps getting mined, market supply will dwindle. The last Bitcoin will be mined around 2140, but even decades prior to that, due to a lack of coins, a big factor will already drive the price.
Within 30 years, by 2054, most Bitcoins will have been excavated. This makes for very constrained supply while demand could increase.
These factors can increase the prices of Bitcoin to the point where it has become one of the most valuable assets in the world. A limited supply would make BTC even scarcer, further reinforcing its utility as a store of value.
Institutional Adaptation and Government Regulation
Over the past couple of years, more and more institutional investors have started treating Bitcoin as a safe haven asset.
Until today, big companies and financial institutions like MicroStrategy have been actively accumulating BTC in their company reserves.
In 30 years, we can expect most major financial institutions to be in Bitcoin portfolios.
Added to this, participation by governments and central banks is increasingly going to be about regulating cryptocurrencies.
A few countries have already started working on their central bank digital currency and regulating the circulation of cryptocurrencies.
One can expect that in three decades, Bitcoin will be either integrated into the official financial systems or be one powerful asset running parallel, existing independently out of the ambit of governments.
Technological development
The most important aspects of Bitcoin’s long-term development are the stages of its technological evolution.
Nowadays, the Bitcoin network suffers from limited scalability and high energy consumption. But technologies like the Lightning Network have already begun solving these problems by enabling fast and inexpensive transactions.
In three decades, it’s liable that the underlying infrastructure of Bitcoin will have changed altogether. It will most probably be much faster, even more secure, and greener.
These changes can make BTC even more appealing for everyday transactions instead of being only a means for long-term value storage.
Bitcoin as the global reserve currency
According to some opinions, Bitcoin has a certain chance to become a world reserve currency, as growing distrust of classic fiat currencies and central banks makes Bitcoin very attractive in attempts to protect means from inflation and financial collapse.
In 30 years, Bitcoin can take center stage in international financial relations, substituting for traditional currencies as the most important means of interstate payments and methods of capital preservation.
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