Citi noted that Bitcoin’s future is still very uncertain, but that it’s on the cusp of mainstream acceptance . The institutional investor interest is driving broad interest in the cryptocurrency, but issues over custody, security, and capital efficiency are still headwinds for the digital asset, noted Citi.
Read moreWill Bitcoin exist forever?
For perspective, 83% of all the Bitcoin that will ever exist has already been supplied in just 12 years since its inception . By the early 2030s 97% of Bitcoin would already exist, while the last 3% will come into existence across 110 years until 2140.
Read moreWhat is the scope of blockchain in future?
For obvious reasons, Blockchain technology’s future scope majorly lies in the field of Cybersecurity . Although the Blockchain ledger is open and distributed, the data is secure and verified. The encryption is done through cryptography to eliminate vulnerabilities such as unauthorized data tampering.
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