RE: Bitcoin to Become Dominant in Global Finance by 2050?
2050? That’s 29 years away – I’d expect and be willing to bet it will be much sooner than that
Bitcoin to Become Dominant in Global Finance by 2050: Study
“The ‘Bitcoin price prediction 2021’ report, published Thursday, canvassed a panel of 42 experts from finance, technology and academia. Some respondents (15%) see that dominance point, labeled “hyperbitcoinisation” in the U.K. study, occurring as early as 2035.
Adoption by the developing world is seen as the key driver, with 33% of respondents saying bitcoin will become the currency of choice in developing nations within 10 years. A further 21% say that level of adoption is more than 10 years away.
‘The momentum will only pick up,’ said Amber CEO Aleks Svetski, one of the panelists, citing El Salvador’s decision to adopt bitcoin as legal tender and its wide use in Venezuela as a means of beating hyperinflation. ‘The beauty is also that these broken nations will transform faster than major nations as bitcoin undermines the nation-state model.’”
I agree, 2050 is a long time away and by then I foresee Bitcoin with more than a few years under its belt as reigning currency worldwide.