If you’ve heard anything about Bitcoin (BTC), it’s likely been about its price skyrocketing or tumbling. But, for those who are looking to invest long term, there’s a different question that should be asked—what will one Bitcoin be worth in 10 years?
Where Bitcoin is going
For Bitcoin, no prediction is guaranteed, but an interesting vision shared by MicroStrategy CEO, Michael J. Saylor, is that once Bitcoin passes the market cap of gold, around $11T currently, nothing will stop it.
Saylor’s moonshot prediction sees Bitcoin as being capable of reaching a market cap of a staggering $300 trillion in the long run. Of course, he doesn’t give a date, because nobody can do that, but his future goal illustrates that the price of one Bitcoin would reach around $14 million. While most predictions are far more humble than Saylors, it leaves one to question just how high could the value of Bitcoin reach.
So, what is behind these insights? Why is Bitcoin subject to this level of speculation?
Why you should be excited about Bitcoin’s next 10 years
When it comes to Bitcoin, the original cryptocurrency, there are a few reasons why its reach may increase over the next 10 years.
There’s a finite number of Bitcoin to be had.
There are only a limited number of Bitcoin in the world—twenty-one million, to be exact—so supply and demand will lead to scarcity and higher value over time. Think of it like spending four dollars per gallon at the gas pump today due to inflation versus $0.36 in 1970.
Bitcoin also goes through a halving process every four years, meaning the amount of Bitcoin rewarded through mining the currency (through a proof of work consensus) will be cut in half. This effectively cuts Bitcoin's inflation rate in half every four years in a controlled manner that is easily tracked by anyone around the world. Compare that to the mysteries of Central Bank target interest rates and it becomes clear why Bitcoin is referred to as an inflationary hedge – it is deflationary by design.
If it’s digital, it’s durable.
Bitcoin transactions happen digitally on the blockchain, making the currency much more durable than your typical dollar or coin. It may sound pedantic, but this is a huge step toward the digital peer-to-peer ease of transactions.
Twitter just recently introduced Bitcoin tipping via the lightning network, a layer 2 network designed to scale Bitcoin and enable cheap transactions. Many expect other major social platforms to integrate Bitcoin payments, where Bitcoin could essentially become the intrinsic value-layer of the internet.
Blockchain technology is exceedingly safe and efficient, with developers building new tools to improve it every day. You can now keep track of your assets on apps like Voyager that make it easy to understand the crypto market and invest in Bitcoin or other cryptocurrencies.
Bitcoin is open
That’s right, everyone can own Bitcoin. It’s not gatekept for wealthy investors, it’s not tucked away in corporate finance offices or only offered to those who got in early. One of the magic things about Bitcoin is that you can buy it in pieces, or satoshis. This opens the investing opportunity up to anyone who wants to invest. You don’t have to buy a whole $40,000+Bitcoin—you can buy a fraction of it and still be able to profit off your investment.
Why Bitcoin is revolutionary
Bitcoin is a currency for the people, by the people, that is giving investors options the traditional stock market has reserved for the extremely wealthy few. All of these factors create ample opportunity for growth over time, and market fluctuations are a sign of this upside. Bitcoin adoption has grown over 100% in the past year alone. With countries like El Salvador embracing Bitcoin as a legal tender, it seems likely that we will continue to see Bitcoin be integrated into both the digital and global economy.
The crypto market offers investors opportunities that the stock market cannot, giving them a chance to revisualize what a fruitful financial future really looks like. Are you ready to get started?
How to buy Bitcoin on Voyager
1. Get the Voyager app: Available in the App Store and Google Play Store, visit and search Voyager or click here to download now.
2. Open a Voyager trading account: Fill in your personal information to create a trading account. As a licensed financial institution, know that your personal information is always safe with us.
3. Link your bank: Link your bank account by navigating to the User Icon on your Market Screen. On your account page, tap Bank Accounts and add your bank.
4. Fund your Voyager account: To deposit USD, go to your account page and tap Transfer Cash or Crypto, tap Deposit to Voyager Account and select USD. Then enter the amount of USD you'd like to transfer and slide the Slide to Deposit USD banner. Now you can trade instantly.
5. Buy Bitcoin: Navigate to the Market Screen and scroll until you reach BTC. Tap to access the Bitcoin page, then tap Buy BTC. Insert the amount of USD you'd like to spend and slide the Slide to Buy BTC purple banner to complete your purchase.
Trading on the Voyager app is currently available to all U.S. residents excluding New York state. We are actively working with regulators to expand to New York and internationally in the future.
All digital asset transactions involve risk, and the past performance of a digital asset or other financial product does not guarantee future results or returns. Cryptocurrencies are highly speculative in nature, involve a high degree of risk and can rapidly and significantly decrease in value. It is reasonably possible for the value of Cryptocurrencies to decrease to zero or near zero. While diversification may help spread risk, it does not assure a profit or protect against loss. Traders should consider their objectives and risks carefully before trading. Previous gains may not be representative of the experience of other customers and are not guarantees of future performance or success.