- Bitcoin price will surge in 2020 or not remains the most burning question in the cryptoverse.
- Cryptocurrency Youtuber and programmer “Ivan on Tech” came forward on this and shared his views on future of bitcoin.
The crypto programmer “Ivan on Tech” recently discussed various upcoming updates on the topic of Bitcoin and its status in the year 2020.
Ivan on Tech is a famous cryptocurrency YouTuber and programmer. He offers programming courses for novice blockchain and cryptocurrency programmers. He mostly concludes the future based on technical analysis.
As per the video, there are going to be two significant developments that are going to aim at improving privacy and security. As suggested in the video, the improvements in these two fields will also co-occur.
They are the signature methodology, which ranges from the elliptic curve signature to schnorr signature, along with the privacy-conscious Taproot update. Ivan conjointly also mentioned the price movements of Bitcoin relating to these developments. With the development of the Bitcoin network and its halving, the worth seems to increase organically.
Not solely has Bitcoin become more scarce, it is conjointly turning into more powerful with every passing month. As Bitcoin continues to develop, grow, and shape, its life cycle is going to extend consequently. Along with it, accessibility or utility will also increase, and it will promote more and more investors.
The future of Bitcoin
Ivan on Tech stated that he doesn’t wish to take a position in the stagnating assets. He would also like to take place in things that have the potential to alter, shape, and adapt to challenges and still optimise over time.
The talks regarding the future of Bitcoin are highly optimistic as everybody has been predicting that Bitcoin is going to achieve great heights in the coming year. The influencers who are against Bitcoin have been bashed up and down by other influencers since everybody sees Bitcoin as a win-win situation.
Some economic analysts have predicted that an enormous amendment in crypto is forthcoming as institutional cash has entered the market. Moreover, there’s also the likelihood that crypto is going to float on the National Association of Securities Dealers Automated Quotations. It might further add credibility to blockchain and its uses as an alternative to standard currencies.
Some influencers and analysts have also predicted that all that crypto wants could be a verified exchange-listed fund (ETF).
An ETF would, for sure, make it easier for folks to invest in Bitcoin. However, there still exists the increasing demand for wanting to invest in crypto, which few of them say might not mechanically be generated with a fund.