Future of Bitcoin has been an important subject of speculation in the crypto community. It is because the whole of the crypto world depends on it as bitcoin is seen as the face of the cryptocurrencies. The discussion around Bitcoin’s existence from its price, whether it goes down and eventually becomes obsolete or it becomes the mainstream medium of currency. Some optimists like James Altucher claim that bitcoin will be the poster boy of modern day currency.
Bitcoin Crossing A Million
James Altucher is a famous personality who has co-founded around 20 companies and have written many bestseller books. He has been giving knowledge about cryptocurrency and Bitcoin in general before the rise of bitcoin in 2017. 2017 was the time when many mainstream celebrities hopped on to the cryptocurrency train to make profits out of it and they have been ridiculed for the same. But, when a well known and respected personality like James Altucher makes a claim that Bitcoin will go over a million dollars, it raises some eyebrows.
James Altucher tells about the adoption of Bitcoin into mainstream exchange space is linked with its connectivity speeds. Bitcoin needs to adopt Lightning Technology to provide a better user experience. He says that people should not expect new customers to create their own nodes for transactions. Also, integration of Lightning Technology in older and well known is more essential than creating entirely newer ones.
In the end, James points out that the Bitcoin and the community have to become more inviting and less hostile to new users. Creation of a safer environment is as important as newer technologies for making things easier. James Altucher rarely makes claims that are outlandish, but this time he predicts that if everything goes right, bitcoin can reach as high as $8 million.