RE: The Steemit Daily Dose: What do you think a Bitcoin will be worth in 10 years and why?
That's a really tough question to answer and I think it all depends on how much big money gets in the game. The BTC market is tiny. The gold market is massive compared to the current BTC market, but is it's self a very small market in the grand scheme of things. If BTC is seen as a viable safe have and dollar alternative if things go sideways with the bond market, (which I believe is only a matter of time) you could technically see trillions of dollars flood into BTC resulting in a 500k- to million plus BTC price.
The central banks have kept the money printing clown show going for longer than I already thought was possible, in ten years I think our monetary system will be much different than it is today. If I had to guess, I'd say we see a BTC price of 50k- 100k USD. Of course it might take 10k USD to buy a loaf of bread, lol, so I don't know how much purchasing power you'll retain. If BTC is truly seen as the "digital gold" and a viable store of value and safe haven, my goodness, it could be trading at a ridiculous price.
As my government has increased quantitative easing (QE) over the last few years, I've fled from fiat to BTC. QE is just another tax on top of my pound (£) that was not requested by me. BTC allows me that fire exit escape from government clutches!! :)