Post
Topic
Board Bitcoin Discussion
Re: Bitcoins future is Bright
by
adzino
on 02/09/2022, 02:22:28 UTC
Yeah, it does have a bright future. If people keeps on using bitcoin and eventually starts accepting bitcoin, it will become a mainstream currency.

When Satoshi Nakamoto created Bitcoin he put its supply at 21 Million. And already 19 million Bitcoin has been mined. For this limited supply the purchasing power will increase day by day. Bitcoin follows the low of supply and demand. when the demand for Bitcoin increases, the price increases.
Supply is limited and event though 19 million bitcoins have been mined, there are thousands that has been lost forever. So it makes bitcoin even more scarce than ever.
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Bitcoin follows gold.
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Nope. Bitcoin doesn't follow gold and it is better this way. We shouldn't compare bitcoin with gold. These are two different things. The only similarity is that we all accept that gold and bitcoin has a value and will have a value in the future.

We moved from using Web 1.0 technology to Web 2.0 technology. Still using Web 2.0 technology. The biggest advantage or feature of Web 3.0 is the integration of Blockchain technology. Blockchain technology is all about cryptocurrency in the transaction process. So the future of Bitcoin is bright.
Bitcoin has nothing to do with web3.