All the cryptocurrencies, Bitcoin is the most popular and also one of the most volatile ones. Experts predict that BTC’s significance as a store of value and reserve asset will definitely increase.
Also, its price will be highly affected by the upcoming upgrade in the BTC Lightning Network that aims to enhance the network’s ability to be scaled and utilized for retail and institutional purposes.
And also, how can we forget the emerging ETH 2.0 upgrade that might adversely affect Bitcoin’s market dominance?
The next decade could prove to be one of the most significant for Bitcoin’s evolution into becoming the most-used cryptocurrency for centralization purposes.
Revolutions within the financial ecosystem, concerning areas where BTC’s ecosystem is involved, should be closely monitored by crypto investors.
Currently, BTC is poised to reign as the store of value, medium for daily transactions, and frequently used fiat currency.
Even after its existing problems with scaling and security, Bitcoin, for now, will continue to dominate the crypto market as one of the most significant crypto, and remain the ‘King’ of the market.
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