- Crypto experts expect “hyperbitcoinization” takes place in 2040
- 50% of the suspectors believe Bitcoin will surpass fiat money.
- Bitcoin couldn’t even move to Proof-of-Stake.
Several cryptocurrency and fintech professionals expected a “hyperbitcoinization” that means, see the moment that Bitcoin overtakes global finance, to take place by 2040, this was found in the recent survey. Currently, Bitcoin’s (BTC) price falls has made experts feel hopeless regarding the world’s biggest cryptocurrency.
Moreover, from the new survey which conducted by personal finance comparison platform Finder.com. Nearly 50% of the suspectors believe Bitcoin will surpass fiat money, or central bank-issued currencies, by 2040.
Accordingly, Finder.com stated the report is based on a panel of 42 cryptocurrency experts. The report shows that Bitcoin’s price crash from April’s all-time didn’t impact the long-term perspective of crypto professionals.
More so, the latest survey reveals that nearly 50% of the participants waiting to see the moment that Bitcoin overtakes global finance, also known as hyperbitcoinization, within the next 20 years. Also, one-third of respondents expect the event will occur before 2035. While 44% expected that Bitcoin (BTC) will never rise and would not become the dominant form of global finance.
Furthermore, El Salvador’s move to recognizing Bitcoin as legal tender is just the start of developing the nation’s adoption of Bitcoin (BTC) as the primary currency, many of the respondents responded. 33% of the survey expect the real cryptocurrency to become the most common form of money in growing or developing countries within the next 10 years. And another 21% of crypto experts expect that we will see the adoption. But it will take time, maybe 10 years or more. Even more, most of the experts said Bitcoin couldn’t even move to Proof-of-Stake if it wanted to.
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