Bitcoin Prediction: BTC’s Future Looks Bright, Massive Boom Expected
There have been all kinds of predictions about the price of the king coin, especially after the halving event that took place back in May.
At the moment of writing this article, Bitcoin is trading in the red and the altcoins as well.
More crypto influencers are revealing their views on Bitcoin’s future as well as the future of the global macro economy.
Bitcoin’s future looks bright
In a new episode of What Bitcoin Did podcast, Nic Carter, Tuur Demeester, Robert Breedlove, and Alex Leishman said that a widespread economic shift is brewing around the world, and this will ultimately benefit BTC.
Carter, a partner at Castle Island Ventures, said that he believes a cascade of currency failures is coming over the next two years.
“What I think is likely to happen in the next 24 months is a wave of sovereign currency failures similar to the Asian financial crisis in the late ’90s, similar to the post Soviet Union, when a lot of sovereign currencies failed. You see it at times of dollar strength. You see it at times of global dislocation. It’s regional. It’s contagious,” he explained.
He also said that a lot of people “will be able to use crypto financial rails to exit their sovereign local currency and they can go to Bitcoin. They can go to the US dollar. There are stablecoins on these rails. So I think this is going to be a big story for the next year.”
According to the same online publication, Adamant Capital founder Tuur Demeester said that the increasing debt would cripple economies five to ten years in the future.
Regarding the king coin, he said that people need to get ready for a massive surge that will set everyone’s hair on fire.
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Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.