Crypto Works

Currently, cryptocurreny has been exploding for the past 10 years. The creation of Bitcoin with the large increase in the end of 2017 almost reaching a total of 20,000USD per BTC, Bitcoin currently still is the largest cryptocurrency. With other altcoins such as Ethereum increasing rapidly, the cryptomarket has many other succesfull coins being introduced into the market. Currently the amount of companies accepting Cryptocurrency as a payment is increasing, however the risk is high (Most companies accept Bitcoin as a payment out of all Cryptocurrencies). Bitcoin has the same style as gold, with the value never being the same, and the value can drasticly increase or decrease over a very short amount of time. Because of this Bitcoin will most likely never be used instead of cash. Cash is unlimited, whereas there is a maximum of 21billion bitcoins, eventually there will be none left, whereas cash is printed daily till there is enough. 

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Bitcoin in the future

How the future exactly will be is something no one can answer, especially on unclear topics such as Cryptocurrencies. Something very interesting when talking about the possible future impacts of Bitcoin is the big companies investing mass amount of money in Bitcoin. Microstrategy and Grayscale are two great examples. Together posessing over 700,000 Bitcoins and this number will only continue to increase. These companies do not only use this for the easy investment, without any active market analysis needed, yet this is also used for the growing of the companies name. Having earned 150 million within 3.5 years of just HODL onto the Bitcoins, this is a large aspect where the companies financial funds come from. The posessing of this large amount of Bitcoin will have a large effect on the Bitcoin market. As mentioned, Bitcoin has a limit. There are a total of 21Million Bitcoins, and if already 700,000 Bitcoins are in posession of these two large companies, this will have a drastic effect on the value of Bitcoin over the years. Personally, I expect that more companies will take this example, and invest in large limited cryptocurrencies aswell, as aside from simple financial gains without needing to actively analyze the market, this has many other positive benefits.