We are experiencing a going-down market from the beginning of this year, many speculators left the market & some new visitors coming in, it is not a bad thing - at least the market sort out those true believers who are the HODLers, but what they believe is a great thing or it is just a last virtual banquet? so here are some questions for us to discuss, if the answers are positive, hope it can bring us more confidence and patience to keep us stick to bitcoin for a very long time, here we go:
(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
(2) Will bitcoin become global currency in next 20 years?
(3) How bitcoin can change our society and daily life fundalmentally?
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
(5) How long it will take to see the bitcoin price skyrocket to $1M
Any more questions or insights are welcome to follow, I will start as the first answer.
If we are talking in the next 20 years, there is a possibility that it can become a global currency. I wouldn't say other world currencies will not be used at all but as global transactions happen, Bitcoin can become a global currency. Plus, as we know there are other technology advancement as well such as AI and virtual realities being developed. By 20 years, I foresee a future where not just bitcoin, but the blockchain technology as a whole to be integrate into many industries/aspects of life.