Post
Topic
Board Bitcoin Discussion
Re: When Bitcoin will become stable currency?
by
Ataiwo913
on 12/05/2023, 17:17:04 UTC

BTC's unpredictable price is also a positive attribute that Bitcoiners like. you can make money out of this inflation. but BTC may not become stable due to the cycles, when the cycles probably are over like all 21M coins are already mined, i think there will be a stability of price.
It's difficult to predict when or if Bitcoin will become a stable currency. Bitcoin's value has been highly volatile since its inception, with frequent price fluctuations that can be influenced by a wide range of factors, including market demand, regulatory changes, and global events.

One of the key challenges for Bitcoin as a stable currency is its limited adoption and use as a medium of exchange. While Bitcoin has gained popularity as a speculative investment and store of value, its use in everyday transactions remains relatively limited.

That being said, there are ongoing efforts to address some of the challenges facing Bitcoin and other cryptocurrencies in terms of stability and usability. For example, the development of stablecoins, which are cryptocurrencies pegged to the value of a stable asset such as the U.S. dollar, could potentially help to reduce volatility and increase adoption.

Ultimately, the future of Bitcoin as a stable currency will depend on a wide range of factors, including technological advancements, regulatory developments, and broader shifts in the global economy.