What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
Five years from now, one of the obstacle that bitcoin might face is the rise of more cryptocurrency with the same concept of bitcoin that promise more advantages . As bitcoin becomes popular, rise of competitor is possible. Bitcoin become more authoritative place in the world of currency system if the people behind this will keep on updating the value, benefits and functions of bitcoin that it may offer to the world. With that, even the world will try to imitate or create the same concept as bitcoin, People will still patronize the Bitcoin.
The probability of being replace by other currency is very low if you will look at this market situation but anything can happen
of course, in the future a lot will change and I am ready for that since I have investment in altcoins as well.
It is possible. Though eth had a huge mishap recently, it bounced back pretty quick and a lot of people are already grooming it to be the alt to challenge or even replace btc as the top crypto in the future. Then there's also litecoin. Its possible that btc will be replaced or will have a decent challenge in the coming years but for the next two or three years i think its btc still that people would look into for better investment