It was in 2017 when Bitcoin (BTC) first started getting mainstream attention during the boom that saw figures reach as high as $20,000 per Bitcoin. Based on those figures, Daniel Krawisz-co-founder of the Satoshi Nakamoto Institute and author of articles that reported on the 2017 boom, according to Cryptocoinmastery-sees at least a value of $100 million in the foreseeable future, or as soon as 2030.
The Buzz Started
With a look back, Bitcoin started trading from $930-quite a big standard and already an impressive amount compared to some countries' rates. However, it gained some notoriety when, in 2017, the value of the cryptocurrency managed to go all the way up to $20,000 according to Coindesk's Bitcoin Price Index (BPI).
Hyperbitcoinization Is The Culprit
A further study done by Mr. Krawisz explains his theory-Bitcoin is still due to a surge in value to the tune of $100 million, thanks to hyperbitcoinization.
To explain, hyperbitcoinization refers to a condition where Bitcoin assumes its alleged place as the world's top monetary form. In the report from Yahoo Finance, fans or students of the cryptocurrency movement see Bitcoin growing more from its initial introduction in 2017. With this, the currency should become more free-flowing, Mr. Krawisz assumes, as worldwide Central Bank institutions lose their grip on the monopoly of money.
Regulation And Control
As it is right now, the Bitcoin landscape is considered a landscape very much like the 'Wild West.' There's still a long way to go to place safeguards and securities on people dealing in and trading Bitcoin. Aside from that, its current values are not as impressive as they once were; currently, the values are hovering at the $6,000 level. Certainly not a minor value by many standards, but it's not as impressive as it should be.
The major consensus of people believing in Bitcoin is that it will surpass regular money as the currency of the future. People will rely heavily on Bitcoin for global trading and services worldwide. While it is certainly a struggle at the present, cryptocurrency followers believe that the future is never certain, and hyperbitcoinization could definitely happen.
