Can Web 3.0 propel BTC to $300,000?

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Cryptocurrencies can act as a hedge against record high inflation plaguing the global economy. But a prerequisite for making profits from cryptos, obviously, is that the investor must enter and exit at the right time. In the world’s largest economy, consumer prices rose in January at the fastest pace in four decades. Despite many underlying risks, more people may flock to cryptos in anticipation of gains.

Bitcoin remains the most popular asset in the crypto universe, although its share in the total market capitalization of all cryptos is steadily declining. It’s entirely possible that Bitcoin, which is making as much news as stocks like Apple these days, will attract more backers. Trading at a price below its all-time high, Bitcoin could become the most sought-after asset for some.

Will it be US$200,000, or US$500,000, or US$1,000 or zero by 2025? The price of Bitcoin in 2025 could be the product of many forces. Let’s start by knowing what those strengths might be and then estimate the price.

Internet 3.0

Proponents are calling Web 3.0 the new wave that could sweep the internet in the coming days. Web 3.0 is a decentralized Internet that some envision as a shift in the balance of power from tech giants to users.

Also Read: Top 5 Crypto Web 3.0 Projects to Watch

Blockchain is a technology that works on a peer-to-peer architecture, which means that power is not centered at a specific point, but is distributed among users who can be present anywhere in the world. the world. Bitcoin is indeed the most dominant blockchain-based cryptocurrency, and if blockchain finds its way into Web 3.0, there is a good chance that Bitcoin will become what Jack Dorsey claims – the “native currency” of Internet.

The price of BTC could be propelled forward if that happens, and since Web 3.0 would take at least a few years to progress, the price of Bitcoin through 2025 remains to be watched closely.

Wider adoption and integration

Bitcoin mainstreaming has seen developments like the S&P Dow Jones launching Bitcoin indices in 2021, Bitcoin ETFs listed on popular exchanges like the Toronto Stock Exchange (TSX), and a few multi-billionaires tweeting about Bitcoin, with Tesla and MicroStrategy holding BTC as an asset.

Also Read: Is Crypto Dead and What Does Blockchain Hold in 2022?

Adoption as legal tender has so far remained moderate. El Salvador’s decision grabbed headlines in 2021, but other countries are treading cautiously. Currently, major economies, including the United States, are in no mood to legalize Bitcoin as legal tender.

India’s central bank governor recently called cryptos a threat to financial stability. China has banned Bitcoin, emphasizing its own digital yuan project.

But let’s go back three years, and no one could have anticipated such an integration of Bitcoin as quoted above. And therefore, what happens over the next three years is a waiting game.

Also Read: BTC, ETH & BNB: Price Predictions of Top 3 Cryptos by Market Cap

Bitcoin Price Prediction 2025

Bitcoin’s historical price data or its moving average cannot be relied upon to predict the price of this hyper-volatile asset.

But if the Web 3.0 project plays out the way its proponents predicted, with Bitcoin truly emerging as the “native currency” of the decentralized internet, Bitcoin could rise sharply. The reason is that Bitcoin may have a limited supply of 21 million tokens. If these tokens are needed in the new internet economy, prices could soar at an unprecedented rate due to a frenzy in demand.

Although it seems likely that Bitcoin will not enter a six-digit price trajectory by the end of this year, a favorable turn of events regarding Web 3.0 and the adoption of BTC as legal tender could bring the price to 300,000 USD by the end of 2025. .

Data provided by CoinMarketCap.com

Also Read: Why Is The Crypto Market Falling? 5 key reasons

At the end of the line

That the Bitcoin price could reach US$300,000 by 2025 is a prediction that relies on multiple forces. First, such a push would require the success of decentralized technology in the financial system. In today’s global financial networks, banks and other powerful entities play a prominent role. But if Web 3.0 can decentralize the internet-based funds transfer system, Bitcoin could dominate as a currency for fast payment transfers.

That said, Bitcoin, at present, remains a volatile asset, in which investing is subject to downside risks.

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