What will Bitcoins be worth in 2025?

Member

aaliyah

by aaliyah , in category: Economics , 11 days ago

What will Bitcoins be worth in 2025?

Facebook Twitter LinkedIn Telegram Whatsapp

1 answer

Member

by melvina , 11 days ago

Bitcoin purchases are done on a Blockchain.


What is a Blockchain?


The definition is: " A digital ledger of transactions that is duplicated and distributed across the entire network of computer systems." In other words, a Blockchain is transactions made public on the computer. When a person uses Bitcoin, it is made public on the Blockchain.


Bitcoin, a cryptocurrency, is a popular way to make purchases. It is predicted that 1 unit will be worth $318,000, and perhaps as high as $500,000 in the year 2025. That being said, Bitcoin is a little risky, because of possible identity theft, but the risks may be well worth it.


What is Cryptocurrency?


It is a digital way to purchase, with no bank involved. Max Kaiser predicts that 1 unit will be worth $100,000 by 2025, and could go as high as $400,000 in the long term. As of July, 2021, the price of one unit costs $32,979.