At this point, 16 percent of all Americans have had some sort of interaction with cryptocurrency. There’s no doubt that this technology is going to shape how our future looks.
You might want to get in on the cryptocurrency trend as well. But how do you know if investing in bitcoin is worth it?
A good way to tell is to look at what bitcoin might cost in the future. Finding a good bitcoin price prediction for 2030 can be key to your investment options.
This article will walk you through a brief guide to understanding bitcoin pricing.
Bitcoin in Circulation
Currently, there are around 19 million bitcoin in circulation. Around 4 million of these bitcoins are thought to be lost for one reason or another.
There’s a set number of bitcoins that can ever be minted — 21 million. This is key to understand, because as we approach that number, the demand of bitcoin is going to shoot higher, influencing the price.
You should also know that around every four years, a process known as “halving” takes place. This process has to do with bitcoin mining.
Bitcoin mining is the process of securing individual bitcoins. It involves using high-energy computers to solve complex cryptograms, which ensures that every bitcoin transaction is legit. It’s a way of making sure that bitcoin stays legal and aboveboard, without regulation from any sort of centralized source.
Because there’s no regulation, the incentive for bitcoin mining is pay in bitcoin itself. However, around every four years, the amount of bitcoin that’s awarded to the people who complete these cryptographs is cut in half.
This will slow down the production of bitcoin over time, hoping that eventually it’s less of an investment, and more of an actual real-world currency.
The Current and Future Price of Bitcoin
Bitcoin is very volatile, and its price jumps around a lot. Generally these days, however, it stays around the range of $30,000. This doesn’t mean you need to spend this much money to invest — you can get a percentage of a bitcoin instead.
At an all-time high, one bitcoin went for $70,000.
Many experts believe that by 2030, the price of one bitcoin might go up to around $160,000. The amount of bitcoin mined will get reduced significantly, and we’ll get closer to a world where bitcoin is traded like anything else.
Of course, bitcoin is extremely volatile, and this could change overnight. However, if it continues to grow at the rate it’s grown, bitcoin could very well shoot significantly high.
To get into the crypto world, check out the ByteFederal website.
Bitcoin Price Prediction for 2030
The most modest price prediction for 2030 is $160,000. However, there are many things that affect the world of bitcoin — it’s a market that hasn’t been completely figured out yet. Always keep your ear to the ground for more cryptocurrency news before you make another investment.
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