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soundmoneyB /
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2023-04-17 02:27:25

soundmoneyB on Nostr: As the price of Bitcoin goes up, more people want to help run the network because the ...

As the price of Bitcoin goes up, more people want to help run the network because the reward is worth more. This makes the work harder, so only the most powerful computers can do it. When this happens, the Bitcoin network adjusts and makes the work even harder, which increases the costs to help run the network.

Even though we can't predict the exact price of Bitcoin in 2032, we can say that it will probably be worth a lot more than it is now. This is because people will continue to see Bitcoin as a valuable way to keep their money safe and as a way to protect themselves from government debt.

So, as more people use Bitcoin and the network becomes more difficult to run, the price of Bitcoin is likely to keep going up over time. This cycle keeps happening, making Bitcoin more and more valuable.
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npub1zwpmkq7cp0gfefn6df9krs8hy7ueu876fejvxjp6xljjj4ztpwwsfafucq