The value affects the price, and I'm going to analyze the value of the decade.
To understand the value of bitcoin, we start with the basic value of money, which is also money.
Money is the most common and effective mutual trust system ever. In any form of currency, its value is essentially: "does anyone believe" why the dollar is the most valuable? Because the world believes in it.
The popularity of bitcoin has grown rapidly in recent years with the development of the Internet. I predict that the price of bitcoins in 10 years should be more than half a million dollars.
The ten years later youre talking about depends on how many users or investors are into Bitcoin. Yes there are lots of people that are getting into Bitcoin everyday, but what about those that are getting out? 😶🤔There are also bigger investors who just get into Bitcoin with a target and once they achieve their target, they will quit immediately, making the price to fall. Well, lets just continue to hope that things keeps on getting better.
Well, initially money is not a form of trust, before when there was no money there was a barter "it's someone who paid for it and paid for it," but some clever person decided to break it and insert between people what would give an appreciation of his work and the same dissociation of the population, because the work in payment was not settled. So it is generally difficult to talk about the future since no one