Do you think Bitcoin will be devalued in the future?
Right now, no one can really tell the actual value of bitcoin. It’s too early. However, there are predictions in the crypto-finance space that the value of bitcoin could reach over $100,000 to as much as one million dollars per BTC in the future. Only a couple of days ago, bitcoin made a comeback that has taken it up more than 50% from recent lows. The future is bright, let's keep our fingers crossed.
If the Bitcoin value falls by 10,000 or 20000$ , even then it doesn't mean that the Bitcoin is devalued. In the long terms the Bitcoin will always be high in the prices. We should not be worried about the dump which Bitcoin takes while making the new all times high.
Another thing that what should be the true value of Bitcoin is no one can tell it may be $1000000 or even more.
There are many who predicted it would go up to that price, it's possible in years. Just this year and before this year its growth is exponential. BTC had become more popular too because the senate is talking about Bitcoin.
If a country made it a legal tender and some US states like Wyoming and Miami competing over which of them could become a center of crypto, it's a stellar promotion for Bitcoin.