Bitcoin is a digital asset to be talked about and this is happening in the crypto sphere. People around the globe make predictions that sometimes seem very foolish and unbelievable at that time. It is even more when it comes to cryptocurrencies, especially for the largest crypto asset, Bitcoin.
In a Twitter thread, Anthony Pompliano, co-funder and partner at Morgan Creek Digital, asked the community to make wildest predictions about Bitcoin and cryptocurrencies. Reply to him, a crypto expert known as Willy Woo wrote:
“Half the world population will own Bitcoin in the next 7 years.”
Although the prediction was not based on any data or facts, the community responded to this prediction, most of them saying it is possible but will be very difficult for Bitcoin to overcome various limitations. A user known as leftisBane replied:
“Possibly but most of the added population will be in nations of extreme poverty with crypto near the bottom of their to-do list. No one to provide microloans to acquire technology and time to discover crypto.”
Another user said:
“The people educated are just fighting for 15% left of mining, imagine half the world without an education. Everything is possible, but it will be not easy in the short term. Note: a financial crisis can accelerate that.”
Bitcoin price prediction is also another tricky business as a cybersecurity pioneer John McAfee said that BTC prices will hit $1 million in by the end of 2020. He said that it is impossible that Bitcoin won’t reach $1 million by the end of 2020 because of the maths. In a Tweet long back ago, he wrote:
“When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 million by the end of 2020.”
Wences Casares, founder and CEO of Xapo, also thinks there is at least a 50% chance that Bitcoin will reach $1 million in the next seven to 10 years.
These are just predictions but happens in the next 7 to 10 years, only time can tell. But according to today’s number shown by coin 360, the largest crypto asset by market cap of $183,037,169,626 equivalent to 17,946,350 BTCs is trading at $10,201.87 USD with positive change of 3.14% at the time writing.