What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.
What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
When Bitcoin was introduced to the world in 2009, it was intended to revolutionize the way people could access and control their money. But that revolution has hardly come to pass. The cryptocurrency's tumultuous first decade was marked by scandals, missteps, and wild price swings—its second has been no different.
Large-scale fraud, theft, regulatory battles, and more continue to make the headlines. It's difficult to say what will happen over the next decade, but here are some thoughts about Bitcoin's future.
Bitcoin's Future
While its price and popularity with certain investors are important, it's critical to note that regardless of value changes, scandals, and news, blockchain developments over the next decade will be the most important.
Issues regarding decentralization, scalability, and security are the factors holding Bitcoin back from more widespread adoption. These concerns must be addressed for the cryptocurrency to gain traction as more than a speculative investment. Bitcoin developers are working diligently to find solutions, but for the most part, they have been unsuccessful.
Reference :
https://www.investopedia.com/tech/what-will-happen-bitcoin-next-decade/