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Bitcoin is considered the dominant force in global finance by 2050, according to 54% of panelists in a survey by personal finance site Finder. 44% say it will never happen.
The “Bitcoin Price Prediction Report,” released yesterday, interviewed 42 panelists from finance, technology and academia. Some respondents (15%) see this point, labeled “hyperbitcoinization” in the study, to occur as early as 2035.
Adoption by developing countries is seen as the main driver, with 33% of respondents saying bitcoin will become the currency of choice in developing countries within 10 years. Another 21% say the adoption level is more than 10 years away.
Related: Bitcoin Heads To Worst Weekly Close In Over A Month
“The momentum will only accelerate,” Amber CEO Aleks Svetski said, citing El Salvador’s decision to adopt bitcoin as legal tender and its wide use in Venezuela as a means to combat it. ‘hyperinflation. “The beauty is also that these broken nations will transform faster than the great nations, as bitcoin undermines the nation-state model.”
The panel predicted that the price of bitcoin would reach $ 318,417 by December 2025. That’s 61% higher than in a similar survey conducted in December 2020.
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