Bitcoin Value Will Rise to Become $619,057, Within Ten Years

From half a cent a coin, to currently hitting a high rate of $4,477, Bitcoin has surely emerged as a successful, yet an unfamiliar mode of virtual currency. Since it’s inception in the year 2009, digital cash has received mixed emotions, but still people want to invest in them, just for the miraculous returns they get. Unanimously, people fear that, though there are a lot of advantages, cryptocurrencies might crash, just like the NASDAQ, Blue chip stock and the Rio De Janeiro stock exchange massive crashes. These are just examples and there have been many such market knock-outs. Even though the above mentioned markets dropped off to more than 50%, they were also quick enough to regain their spot, in the preceding years. The index fell by 78% by the end of 2002, but today has recovered swiftly by 486%. Though a tragedy, it has now become a case study profile for business graduates.

Cryptocurrencies, which is based on the block chain technology, is highly advantageous, when compared to real cash. One cannot simply counterfeit this currency, which makes it perfect for the current digitized world. Unlike the real world cash system, Bitcoins, ether and other such crypto coins do not have a centralized monitoring system, which is vulnerable to hacking. This technology works on a decentralized method, where a group of network jointly manages the currency, which implies it works on a peer to peer basis.

This mode of money, has no restrictions across the globe. It has no exchange rates or interest rates, and can be used at an international level, thus, saving time and money.

This alternate cash, which is created by coding, though has not yet become mainstream, has been steadily climbing the curve in the recent times. One of the main reasons for this optimistic soaring of the Digi cash is that governments across the globe have slowly started to notice cryptocurrencies, which is making it more popular. Megacorps like Microsoft, Dell, Expedia and so on, have accepted BTC directly. Recently, in the month of April, Japan recognized the virtual cash, thus making it gain greater power in the Asian regions. Japan’s Bitcoin market surged up to more than $300, with respect to the U.S market, and in South Korea, it has hit the sky, by a value of $4,500 more than the U.S counterpart. Many restaurants have also started to accept cryptocurrencies as a mode of payment, in Japan. Australia will also join the club by regulating cryptocurrency exchange norms to intensify the country’s Anti-Money Laundering and Counter Terrorism Financing Act. EU and China have also started to discuss about implementing comprehensive rules covering Bitcoin exchanges. New York had also signed the agreement, this year, in the month of May, and as a part of it, the first stage would be Segregated Witness (SegWit), for which the whole world is eagerly waiting for. This process is expected to improve the performance of cryptocurrencies, in a number of ways. While, in India, alt currency has not been banned, but the Reserve Bank of India, have asked the people to be cautious.

An article in Forbes says that the unpredictability in Bitcoins, can be handled by diversification. One should not invest their full capital in one specific product, which leads to more risk. To handle changes, look at the percentage volatility of the S&P 500 and add the same percentage capital worth of Bitcoin to the portfolio. The article has also mentioned about the increase in the Bitcoin rate “There are total 20999999.9769 BTC or in simple terms, there are nearly 21 millionBitcoins.


Over the coming 10 years, if Bitcoin demand increases by only 4%, you take away away 4% that global demand value (World market capitalization value = 72.3 Trillion dollar + Professionally managed global real estate market = 7.4 trillion + Global Debt = 199 Trillion Dollar +MSCI All Country World Index Market Cap = 50.025 Trillion ), it gives you the price for each Bitcoin at $619,047”.

People have also started to explore deep into the various possibilities of the block chain technology. Apart from investments and profits, this technology is now being used for raising funds too. The New York Times has reported that entrepreneurs are developing new digi currencies to rapidly raise funds for their start up ventures. Widely known as Initial Coin Offerings, it enables entrepreneurs to “to raise large sums of money without dealing with the
hassles of regulators, investor protections or accountants.”

User-friendly, reliable, and with high number of applications, Block chain technology is here to
stay and create miracles, but it is in our hands to either make it or break it.



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