There are all kinds of predictions about the price of Bitcoin and crypto assets in general, despite the massive volatility that we can see in the crypto market. Check out the latest reports about Bitcoin below.
Bitcoin new predictions are out
Accoridng to the latest reports coming from the online publication the Daily Hodl, the macro strategist Lyn Alden believes that it’s only a matter of time before the volatility of Bitcoin (BTC) falls thereby enabling it to be a practical medium of exchange.
Alden made sure to say that in a What Bitcoin Did podcast that currently, however, the flagship crypto asset fails as an “ideal medium of exchange.”
“In the really early phases, unless you specifically need censorship resistance or unless you’re in an unbanked environment, for a lot of people in developed countries Bitcoin is not the ideal medium of exchange. Unless they are de-platformed or they just really want to use it right um they’re they are super into it.”
According to the macro strategist, Bitcoin’s volatility will decline as the adoption level rises.
As you know by now, the mass adoption of Bitcoin and digital assets has been one of the most important goals that the crypto industry has set.
Despite the market volatility, there have been a lot on important moves out there that are boosting the mass crypto adoption.
“If you go through five more of these cycles, and we’re 20 years in the future, and Bitcoin is more steady state, and it’s held by 30% of the world population, whatever number it is, you’d expect it to be a lot less volatile in that environment than it is now.”
Besides the low adoption rate, the macro strategist made sure to highlight the fact that the speculation and leverage in the crypto market contribute to Bitcoin’s high volatility levels.
“[Bitcoin is right now] held by actually a pretty small percentage population, there’s hidden pockets of leverage in the system, like we’ve seen with some of these lenders.”
In order to learn more details about all this, make sure to check out the latest reports from the original article posted in the online publication mentioned above.