Bitcoin is increasingly gaining in popularity as more people see it as a legitimate medium of trade or a haven for their money. Many people are aware of its uncertainty, which has prompted investors such as Warren Buffet to label it and another cryptocurrency “risky” and “worthless.” And so now, with China’s virtual currency’s latest launch, concerns regarding bitcoin’s insecurity are proliferating. But before we move on to our guide, if you want to know more about the latest trends, news related to Bitcoin, you should register yourself on the Bitcoin Revolution by visiting btqapp.io.
Brock Pierce, A Longtime Member of the ‘Mighty Ducks,’ Is Now a Blockchain Billionaire
When asking where he thinks bitcoin will be in ten years, Pierce was optimistic though still criticizing the US state’s monetary policies. He expressed himself as follows: “I’m very hopeful regarding the prospects of bitcoin after seeing its rise during the last 60 days (market capitalization above $1 trillion). Our government’s weak monetary decisions (overprinting, wasteful borrowing, etc.) benefit Bitcoin – but there’s no evidence of it coming down, based everything we’ve seen since last year.”
The crypto world has evolved dramatically since its creation, according to Pierce. However, he claims that one of the cryptocurrency’s most appealing features is that “any payment which has ever existed is placed in an open-access registry, rendering illegitimate application virtually impossible.” “Even if you’ve never done some study on bitcoin or Blockchains, I will strongly advise you to use it!” he said.