A decade ago, bitcoin was the hope for the future, of all the crypto nerds. Bitcoin WAS the money of the future.
Today, things have gotten so muddied that many crypto people (not just nerds anymore) are losing hope, as in, the bright shining beacon that was bitcoin, that was the money of the future, was now going in directions that feels wrong, seems bad. Bitcoin might be the money of the future, but only to the banksters who are buying it all up, without moving the price.
Microstrategy has reportedly, purchased over 1/20th of the bitcoin supply. One single entity should not own/control that big of a percentage. Some people say, "That's ok, it is really a large group of people who own it." Others said, "It will move the price up, and so we all win", but it hasn't. Over the counter selling has moved the price action off of the exchanges. Others say that, "Bitcoin is now the banksters' coin. Its all over."
We have been in a sideways market (or a slowly going down market) for sooo long, many people have given up hope.
But, what really is the future of bitcoin?
This is the best information i can give you. (the rest is just speculation based on observations)
The financial institutions are crashing, falling over and turning to dust. This WILL happen. The energy that used to support large organizations is now gone. Today, the energy supports transparency, truth and a feeling that one needs to support the earth.
So, no more polluting. Even if you are a giant corporations who feels they are above the law.
No more trading printed money for an obligation to repay and a promissory note. Imagine going into a bank, and seeing someone trying to get a mortgage, and the person stands up, and in a loud voice says, "This contract says, you give me nothing, and then i owe you the rest of my life??!!" It isn't going to be a little thing, that that bank can just hush up. It is going to be the population that finally gets how one sided and wrong the banks have been.
Banksters will be jumping out of windows. Other banksters will be hung from lampposts. The biggest banksters will be tracked down to the "doomsday" bunkers, and dug out and put on trial.
The only changes to the path are how fast we travel down it.
Basically, imagine that Usury is a sin, and not a little sin, a capital crime. And the banksters will lose their heads.
You might say, God has said it so. Now, the universe will move to what God said. And the world (people, natural disasters…) will go along and enact it. (yes, some people will feel that they are called by God to do this)
We WILL have solid/sound money in the not to distant future!
After that, we will get better money. And better, until we no longer need money.
Above is not speculation, it is the structure of the future that is forming.
Now, for speculation:
My belief is that bitcoin will become the thing in which everything else is priced in.
Probably this year, bitcoin is going to rocket up in price, go past a million dollars each, and up and up to unobtainium. We won't see any real price for bitcoin, all we will hear is rumors. "This guy sold is yacht for one bitcoin". "This mansion was sold for 21 bitcoin."
Then people will start pricing things in satoshis. And then the price goes down to milli-sats, pico-sats & micro-sats. And prices, over a while will settle out, and become regular.
Of course, only people into the bitcoin and lightning wallets will be able to engage in this trade at first, but it will quickly grow. And the cross chain platforms will work the magic of integrating Litecoin, BitcoinCash, Doge and whatever else people feel is stable.
While this bitcoin world is happening, banksters will try to buy up bitcoin, and fail. They will try to kill bitcoin, and fail.
They will introduce CBDCs, (without that name) probably like Ripple's dollar coin (and about to become all the other currency's coins)
The trouble is that many countries will force people in, by hook or by crook. And then T.H.E.Y. start playing games with the CBDCs and it doesn't just make the people grumble, as it has in the past, people take up torches and pitchforks and head to their local central bank.
Of course, somewhere in the middle, the banksters try to have a holiday and take everyone's money. Making people on edge about their money, and bankster shenanigans.
And wall street collapses. (This is when the banksters start throwing themselves out windows)
It will look like the consumers, all suddenly woke up, and new the evils the banksters have been doing. The banksters' caught with the pants down and exposed for all the evils they have done, scurry to hide, but there is no place to hide, and their money won't help them, will not save them.
What will bitcoin become? My best guess is it will become an idea, an ideal. Something people hear about someone spending. And countries settle payments to other countries using it. But no one really sees it. It is a myth, a legend.
Still, everything is price in satoshis.
If you have held onto a few thousand sats, it will actually be real spending money.
If you have a whole bitcoin, you will not have to worry about money the rest of your life. (however, you may have to grow your own food)
Things in the future are not going to be like "Bitcoin magically replaced the dollar, and we go out to DollarBitcoinGeneral and buy things. The world is really going to change. The convenience stores will disappear, because we don't need them, they are no longer convenient. Instead we will have small-community stores, which will be more like a warehouse where the tribe/community stores the pallets of toilet paper. (yes, you can buy toilet paper by the pallet. Just call up the company and pay for it. Of course you have to unload it, so have your forklift ready)
Everything about money is going to change. All of it. So don't be too discouraged by Microstrategy buying up all the bitcoin. We are heading for a much better future.
