what do you think about this prediction of co-founder of breadwallet aaro lasher the bitcoin's hit the price around $250,000usd in the next 10 years, how about you mates what is your opinion about this expection.
You should have had include the source or reference link. Anyway, I would say it is possible but I am kinda skeptical about this. I thing that's too much amount but who knows.
250K is something I don't agree with. May be one day but I don't think within 10 years. People were actually projecting viewing the almost always upwards growth of BTC in the last year. However, now is the time when BTC is actually taken seriously by Big Players. Expect the China Ban to be followed by various other governments. Also don't disregard the Banks, Financial Institutions, International Money Exchangers (e.g. Western Union, etc), Online Money Exchanger (e.g. PayPal, etc) as most of them will lost a major portion (if not all) of their business; as BTC removes the role of middle-man via Blockchain technology.
I believe BTC can evolve from all of the hurdles if it could resolve it's own issues. Three of them are
- BTC transfer should be able to sent only to valid wallet addresses. I might be wrong but it seems if you enter a wrong wallet address (e.g. an ETH wallet), it goes through and ends somewhere in blackhole.
- It should improve it's network congestion. There has been transfer delays of days in some cases. Generally, it has been hours in the last couple of months.
- It should improve it's network fees. There has been increase in transfer fees which keeps evolving upwards. Meanwhile other currencies have lower cost and lightening transfers.
A good point. I agree. There are factors to be considered and surely will affect and decide the future of Bitcoin.
- Yes. The address should be precise i.e. every character you input is correct and should be a Bitcoin address when you send bitcoin of course!
- Constant development of Bitcoin is a must.
- An issue that needs to be fixed is the tx fees. It should adjust as the Bitcoin's price increases.