The creator of the “Bitcoin Dad” channel shared his knowledge about Bitcoin and the future of cryptocurrencies
Within the framework of Blockchain Land, Nuevo León 2022, Influencer and Youtuber, Juan Rodríguez, shared his knowledge on Bitcoin. He mentions why some people have come to digital currency, its characteristics and the future of the first cryptocurrency..
Some of his first words were: “The promise of Bitcoin is not to make us millionaires, that is not the promise that Satoshi Nakamoto left us, but I make a clarification. As you can see, if we understand the monetary utility of Bitcoin, supply and demand, we will understand why the long-term appreciation potential of Bitcoin is enormous, but also, as they say, in the short term it is still very volatile.”.
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During his presentation he touched on important topics, such as why people have come to Bitcoin in different ways, some by chance, some by necessity. Similarly, he stressed that this cryptocurrency has been used in different difficult circumstances such as for example the war in Ukraine or the migration of people from Venezuela.
He also shared: “For those who want to know more about this topic, Bitcoin is a decentralized currency, which has no intermediaries, so it has the characteristics of being unconfiscatable and irreversible.”.
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He also mentioned that this cryptocurrency has a predefined, public and auditable monetary policy, characteristics that are not shared with banks..
The youtuber envisions that for the years 2040 to 2050 the cryptocurrency will have stability and will no longer suffer the volatility that has characterized it until now. So for those looking to invest they will have to do it for the long term. He also emphasized that by the year 2025 there will be 95% of the Bitcoins in circulation and that by the years 2035 and 2040 the last 1% will be issued the total emission, which is 21 million unitsso this will affect your cost.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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