Expert predicts the boom in cryptocurrency "within a year", when Bitcoin marks its tenth anniversary


Investors remain positive on Bitcoin as it marks its tenth anniversary, despite a worrying decline in value in recent months.

Cryptocurrency has come a long way since the bitcoin blockchain was created on January 3, 2009.

At one point, it was considered so useless that, in May 2010, Florida programmer Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins, valued at $ 30 at the time.

If he had kept the currency, it would have been worth more than $ 38 million, according to The Verge.

However, in the last year, Bitcoin has lost about 80% in value.

Clem Chambers, an author of Trading Cryptocurrencies, told the Standard that he invested between $ 1,000 and $ 2,500 on most of his initial Bitcoins and sold them for $ 18,000.

It provides another boom for cryptocurrency in the future.

"Bitcoins will multiply again in a year and blockchain / cryptocurrencies and other applications will define the next 25 years in the same way as the dotcom line has defined the last 25 years," he said.

"Bitcoin is the tip of the spear and the tip of the iceberg.In both cases, we want to be at the right end and we do not want to have the wrong positioning as it emerges".

Bitcoin is marking his 10th anniversary (AFP / Getty Images)

Stephen Morrison has also invested in cryptocurrency and believes that "I'm here to stay".

He told the Standard: "With hindsight I would have sold in January and bought back now, I would have more diligently researched coins and projects and I would have relied less on my emotions to make my decisions, but I would have definitely invested my money again and again. my time in Bitcoin and in the blackchain and I believe in the blockchain ".

Morrison noted that there are projects that involve Bitcoin to "make many financial transactions, faster, more equitable and less expensive".

He added: "Bitcoin and the blockchain have their flaws, but I'm here to stay, moving more and more into our media, our movies and our stores, the biggest financial institutions are investing and more and more people from all walks of life they are going on board ".

Here in the UK, the city's watchdog has announced plans to put much closer reins on the trade of volatile cryptocurrencies today, while bitcoin has returned to fall this week.

The Financial Conduct Authority will consult at the beginning of next year on a potential ban on the sale of products to retail clients such as contracts for differences related to cryptocurrencies.

[ad_2]Source link