Bitcoin has achieved for many people to own it, do transactions every day and appreciate it as a store of value, like it is known from Gold currently. Bitcoin is getting more and more accepted as a reliable store of value and it’s very important for Bitcoin to be in a good position to be an attractive store of value.
Many points are in favor of Bitcoin to be a good and reliable store of value even right now and it will get better over time anyways.
Just imagine when Bitcoin is 150 years old, where its price will be and how many people will possess any Bitcoin.
We are still very early!
If Bitcoin is to be compared to gold, then we are still very much early now since the time of its inception. Imagining the price of bitcoin in 150years from now is a long time that we won’t be alive to witness what the price will be or what we get to speculate on the price. Bitcoin is very volatile and until that 150 years from now, it would face a lot of obstacles that could really affect the rate at which it will continue to grow. Who knows, it may also have been replaced by another monetary technology that would be embraced more than it is now, technology is evolving and we cannot dispute that fact that such may not happen in the future. As we aim for bigger prospects for bitcoin, it is important that we take advantage of it now while investing and growing with the technology as it’s still believed to still be in its infantry ages as to what it is foreseen to be in the future.