This time, the news of Bitcoin’s recovery has weakened out of context, and only those who are deeply involved in cryptocurrency and truly believe in the future of blockchain technology and its widespread adoption can discuss it. Maybe there is no frenzy this time because some people are worried that they will fall again. Maybe because this bull market can be a real deal.
Not only do they let others buy it to support it but they buy it themselves. Large companies such as Square and Galaxy Digital Holdings actually store millions of dollars in Bitcoin. This may be good news, as it means that Bitcoin holders at the demonstration may be reluctant to sell shares because they do not usually buy institutional investments for quick profits.
According to Deutsche Bank, the current monetary system is fragile. Deutsche Bank believes that the number of users of digital currency will exceed 200 million by 2030. In the report “Imagine 2030”, Deutsche Bank stated that the demand for anonymity and more decentralized payment methods will grow, digital currencies will eventually replace cash one day. Ilias Louis Hatzis is the founder of Mercato Blockchain Corporation AG and a weekly columnist for DailyFintech.com. Usually, at this time of year, we start reading predictions that the price of Bitcoin will reach one million dollars. I’ve never been a big fan of price predictions. Some do them right, while most do them wrong.
Price forecasts are about short-term gains and are usually variable. Recently, I saw an interesting prediction in the news. Deutsche Bank made a very bold statement. The German bank released a research report called “Imagination 2030”. The bank stated that cryptocurrency is currently only a complement to the current cash payment system. But over the next ten years, they may be replaced. Deutsche Bank predicts that the number of cryptocurrency users will increase fourfold over the next ten years to 200 million. For the first 20 years, this growth was almost the same as the Internet.
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Professor Joseph A. Grundfest (Joseph A. As a former SEC and financial systems expert, Stanford University Law School Professor Grundfest has a unique position when it comes to commenting on the future of cryptocurrencies.