In 2008 Satoshi completed the White Paper on BITCOIN BLOCKCHAIN. In 2009 after launching the project he disappear. However his Blockchain Network survived until today WITH NO SINGLE DOWNTIME. In fact if we combine the total computing power from all BITCOIN MINING POOLS all over the world it exceed the computing power of NASA and US DEPT OF DEFENSE combined. (Refer here for BTC Nodes example > https://coin.dance/stats)
Then in 2011 a new market for Crypto Trading were born. Traditionally people used to trade in Stock, Commodity and Currency Market but now we have a totally new market. However this new Crypto Market is still unknown to many.
Based on recent survey only less than 5% world population are exposed to this market and by 2020 it is estimated that the figure will increase to 10%, to 20% in 2025 and 50% in 2030. Hence this market has a very huge potential. After 2030 those without crypto/e-wallet and its related apps will be left behind this new technology wave. Therefore let our children be exposed to this trend as TRENDING IS SOMETHING WE CANNOT STOP regardless whether we like it or not, whether we believe it or not.
PREDICTION FOR BTC
Bitcoin will remain TOP 1 spot at least for the next 5 years. It has survive all accusation and negative statement even from a very prominent figures ( who lacks understanding on blockchain tech or who has sinister purpose ) until it become the MOST EXPENSIVE CURRENCY TODAY. Many from financial industry are sceptical toward Bitcoin because they lack understanding on ‘technical part’ making’ them half blind. Bitcoin has also survive all market turbulences of ups and downs. Statistics prove that demand for Bitcoin is always on the rising. (https://www.blockchain.com/charts). Here are attributes of BTC which is making it the king.
- Currently BTC is the most outer layer to exit and enter to the real physical/fiat world. The rest of other coins will have to be exchange first to BTC before they can be liquidized to Fiat Money and vice versa. ETH is close to become like BTC as well as more and more new wallet accept ETH. However ETH price will not go up like BTC because it does NOT have the ‘LIMITED SUPPY AND REDUCTION OVER TIME’ features as BTC.
- Why BTC is so expensive when comparing to Fiat ? Due to its underlying blockchain technology. We have to know that ‘BITCOIN coins’ is different from ‘BITCOIN BLOCKCHAIN’. BITCOIN BLOCKCHAIN IS THE UNDERLYING ‘behind the scene’ infra while BITCOIN COIN is the front-end currency. There are 2 separate layer here. What makes BITCOIN great and expensive is the BITCOIN BLOCKCHAIN (not the coin..) .
- Bitcoin is design to be limited in supply where only 21 Million BTC will ever be produced over time. Again this supply is reduced every four year to counter inflation. Sathoshi already have this inflation thing on his mind. On the contrary our paper/fiat money is bound to inflation due to unlimited or abundance supply.
WHAT LIES AHEAD FOR BITCOIN ?
In addition to the great attributes describe above, there are major events happening for Bitcoin that is on-going which will further boost BTC price. The events are :
- Institutional Investor will enter Crypto Market by 2020. Many more will join once regulatory framework becomes a standard. Crypto Market is estimated to be worth 3-5 trillion by 2025.
- The BTC halving will take effect in May 2020. This will cut BTC supply by half while the demand from individual, from companies and Institutional Investor are on the rise. What do you think will happen to the price ?
- The real game of Blockchain & Crypto ONLY start at 2020 because 80% blockchain project around the world will be completed by 2020. Hence as long as we enter the market before 2020 we are still early and pioneers..
- BTC will be able to process micro-payment faster and cheaper. Thanks to an OFF-CHAIN TECHNLOGY called LIGHNING NETWORK (https://www.bitcoinlightning.com/faq/) . Again LN will be mainstream after 2020. With this LN retail and shops will be able to accept BTC for daily transaction.
- With all the above events BTC awareness will increase to 10-15% of world population.
- I predict BTC price will reach USD 20-25K by December 2020 and will go up between the year 2020-2025.
BTC PRICE PREDICTION IN SUMMARY
- After BTC was born in 2009 the price is below 1 cent. NO VALUE since only Satoshi and his gang of IT GIGS understand BLOCKCHAIN.
- 1st wave of BTC price start 5 year later in 2014 (USD 1.2k) – When IT EXPERTS sees the potential of BLOCKCHAIN
- 2nd wave in 2017 (USD 20K) – When speculators and some public drive into CRYPTO markets due to Fear of Missing Out (FOMO).
- 3rd wave will be in DEC 2020 (I predicted USD 20-25K). Year 2020 will start the begining of blockchain & crypto game to the masses.
- 4th tsunami im 2024-2025 (I predicted USD above USD 50K) – When the major coproration and government adopts BLOCKCHAIN technology in progress. Even then only about 20% world population use BLOCKCHAIN.
- By 2030 BLOCKCHAIN will be in everyday life by 50% world population or 80% city folks. Those without e-wallet will be left behind.