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.
Value isnt really what true bitcoiners looking though, in the long term to change the financial system is what true bitcoiners looking for.
thats the biggest mistake from those people who looking for short term profit but get demolished in the end due lack of awareness that bitcoin and any other cryptocurrencies is wild and volatile.
popularity bring stronger ecosystem into bitcoin space sometimes but thesedays it looks unclear due unclear covid 19 outbreak that makes most business stalled and the ecosystem itself looks not much growing with its high popularity.
On a long term perspective, yes, bitcoin is going to be a valuable asset. A newbie into crypto always make him familiar with what happening around, like trading. Unless and until he/she is an experienced, he/she would go for a short term profit. But yes, being here for more than 5 years, I am really confident on bitcoin's massive growth in its value on a long term. Its demand in the market is making it popular and valuable.