One of the most interesting storylines in the financial markets over the past few years has been the dramatic increase in the value of Bitcoin and other digital currency products. While these cryptocurrencies have a murky background and history, they have continued to grow in profitability with users and investors. Over the past few years, the price of a Bitcoin has grown by more than 1,000%, which has made it one of the best investments in the world. At this point, the future of Bitcoin and other similar investments is not completely clear as experts have completely differing views of the direction it is heading (https://cointelegraph.com/news/bitcoin-crash-futures-price-for-bitcoin-cash-plunges-50-btc-up-7).
In the past few months, some have stated that they believe the price of a Bitcoin could get as high as $1 million per coin, which is a very dramatic increase compared to the current value of $2,800 per coin. On the other hand, some believe that the price of a Bitcoin could actually go all the way down to $0 per coin as the coins do not actually have any underlying value.
The overall market for the Bitcoin and other cryptocurrency investors will be shaped a lot in coming years. One issue that could impact the industry is regulation. As more and more people invest in these products, there will likely be a need for federal and state regulators to step in and put forth some set of rules that will govern the markets. This could have an impact on overall speculation, which could prevent growth.
Another factor that will have an impact on the future of the Bitcoin and overall cryptocurrency market is the fact that there is not really a barrier to entry. There are expected to be a lot of new coins entering the market in the coming years. While most of these will end up failing, there is a chance that a few could catch on with investors, which will make more competition. This could stall the growth of Bitcoin and the other active leading coin options. On the other hand, more retailers and other vendors could start accepting Bitcoin as a legitimate form of payment, which could help to increase the demand and price for it.