The bitcoin price is still up significantly from before it began its latest rally in October, a bull run that sent combined crypto market to a staggering $2.5 trillion before crashing back (subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover crypto blockbusters poised for 1,000% gains).
Now, a panel of cryptocurrency experts has predicted bitcoin will overtake the U.S. dollar as the dominant form of global finance by the year 2050—putting the bitcoin price at just over $66,000 by the end of 2021.
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The bitcoin price has surged through 2021 but its rally has stalled--some think bitcoin is going to ... [+] climb far higher over coming years.
"Some countries will leverage bitcoin as their primary currency of choice," said one panelist, Thomson Reuters technologist and futurist Joseph Raczynski, who said he thinks bitcoin will overtake the dollar by 2025 with a value of $150,000. "With fixed circulation, ease of transfer, it will serve them well to move to a 'bankless' model inherent in this ecosystem."