Today, most crypto investors were unaware of Bitcoin and others 10 years ago. What about 10 years from now? Looking back at the past years, much bigger things are likely to happen in the next decade. We have witnessed significant events in the crypto space in just the last few years.
Cryptocurrencies 2034 Prediction
Bitcoin price was at $66,180 when this article was prepared. The price, which fell to $15,500 within roughly 1.5 years, is now trading above the 2021 ATH level. It peaked at $73,777, and even today, some investors remain pessimistic. Why are they pessimistic? Because the BTC price has dropped about $6-7k from its recent all-time high.
So, what will happen in 10 years? Joe Burnett, a famous crypto commentator working as an advisor at MIMESIS CAPITAL and Blockware, believes most people will regret not investing in Bitcoin. He predicts that Bitcoin will reach an unimaginable price of $5 million.
In a recent post, Joe Burnett wrote:
“In 10 years, most people will regret not investing in Bitcoin.
Why?
Bitcoin will be trading at $5,000,000, its fundamental rules will remain unchanged for 25 years, and all you had to do was accept that people would prefer non-printable money over printable money.”
The Future of Cryptocurrencies
Burnett and other experts expect a world where central banks lose trust. The US debt is growing exponentially. Trillions of dollars in debt seem unlikely to be repaid. This situation is similar in many countries. While central banks strive for more tightening to combat inflation, they must also increase the money supply to keep the economy afloat.
Many believe that the endlessly printable dollar will eventually fail. They envision a new world where people turn to scarce assets. Bitcoin, with its limited supply of 21 million and early acceptance through ETFs, could fill that void.
Whether Joe and others are right remains to be seen, but looking back from 2024, we may have significant regrets. Just like the regrets we have today when looking back at 2014.
