Bitcoin has risen in popularity in recent years. As the price spiked all the way past $19k in late 2017 before dropping throughout the last two years, it’s soon making a bounce back. There’s a good chance that we may see Bitcoin perform better than ever.
Even today, people are acquiring Bitcoin in the most creative ways possible. Want to play free slots
for Bitcoin? You got it.
Want to invest in Bitcoin through places like Coinbase? You can do that too. If you have some interest in Bitcoin, read on. You are about to get a glimpse about what has happened since the great spike of 2017 and the years that followed.
With that said, let’s take a peek at what the future holds for Bitcoin.
Bitcoin’s Historic Year and Decline
, Bitcoin witnessed one of the best performances since its inception in 2010. The cryptocurrency started out the year at the price of $909. However, it began to increase in price throughout the year.
The year witnessed a “crypto boom” where the existence of many alternative cryptocurrencies like Steem, Potcoin, and Dogecoin were either being introduced or have already been bought in droves. Because of the sentiment where crypto would serve as an alternative to fiat currency, people bought Bitcoin in droves along with other alternative currencies.
The price’s climb still continued and surpassed $1,000, then $5,000, and had reached $10,000 for the first time in November of that year. Bitcoin had reached its ceiling as it reached just south of $20,000 by the year’s end. However, 2018 witnessed a decline to where the price went from $17,000 at the beginning of the year to just close to $3,200 one year after it reached its historic ceiling.
One of the things that may have been to blame for Bitcoin’s collapse was the number of governments in various countries either placing regulations on Bitcoin or even outright banning it. Countries like China have heavily regulated Bitcoin while countries like Denmark, Bolivia, Iran, and Thailand had banned it outright.
Even though the governments around the world are mixed about Bitcoin being a viable alternative currency to fiat currency, the confidence in Bitcoin has been high. That’s because many investors have been able to weather the storm even through the rise and crash.
In 2019, Bitcoin began to bounce back and had yet again surpassed $10,000 (but never went lower than at least $7000. However, the price declined down to roughly $3,500 and had soon bounced back fairly quickly.
What Will Happen To Bitcoin In 2 Years?
Since March 2020, the price of Bitcoin has never gone lower than $4,000
. However, Bitcoin halved two months later and later increased in price. This follows the trend of previous halvings in the past where the price would soon skyrocket. Those who are following trends and staying sharp might witness their gains getting larger if they buy Bitcoin even before a halving.
Here are some other things that may happen with Bitcoin within a two year time period:
More stores will accept it
There are some brick and mortar stores that accept it and plenty of online stores have done the same. Bitcoin had since been accepted by plenty of online retailers such as Overstock. More eCommerce store owners have even offered Bitcoin as an alternative method of payment compared to PayPal, debit, or credit.
Already, people have bought stuff online and had it shipped to their house within days (depending on the store). Since allowing Bitcoin, stores have witnessed a sharp increase in traffic (not to mention sales). If you are planning on running an eCommerce store yourself in the future, it would be convenient to accept Bitcoin as a form of payment. That will give customers plenty of flexibility and give you the potential of repeat business.
Online casino players will earn more
If you are someone who gambles online for fun, then you might be happy with the fact that some online casinos accept Bitcoin. In fact, many people would prefer Bitcoin over other payment methods since it’s secure and it doesn’t pose any kind of identity theft or risk. Plus, you’ll be able to win more Bitcoin by playing games like slots, video poker, and more.
Online casinos are where you have the best chance of winning every single time you play. In fact, you might be able to score some free spins for the slot machines as a bonus. That’s a win-win situation for you assuming you want to win more Bitcoin and stow it away afterwards.
The Price May See $20,000 again (and beyond)
It’s been a crazy 2020 for a lot of us. Not to mention, it has got people thinking about how smart they are with their money. If anything, Bitcoin might be the next gold (in other words, it might be a digital safe haven for those worried about currency devaluation).
Because of the increased confidence and sentiment, there might be a chance that Bitcoin could reach $20,000 again and may surpass it within the next two years. Some have made bold predictions that the price could go way beyond that. If you truly want to be smart with your money, start investing in Bitcoin if it’s right for you.
Bitcoin has witnessed plenty of lows and highs over the last two years. At this point it’s in familiar territory and is currently holding steady. It’s also slowly being embraced by many online stores and businesses. If you are looking to invest in Bitcoin, now might be a good time to jump in on the action before you are able to miss out on a possible increase that might just be historical.
Bitcoin may have some detractors as of today. But you might be way ahead of the curve compared to them. If Bitcoin is something worth checking out, be sure to snag some and keep it around for awhile.