Expert: Bitcoin is expected to reach 50,000 US dollars, the key factor is the adoption level

According to cryptocurrency experts, Bitcoin is expected to reach an all-time high of $50,000. Edge Network CEO and founder Joseph Denne said in an interview with Express recently that we are likely to see a record high in Bitcoin in the next 12-24 months. He believes that Bitcoin has mature basic technology, so it is more or less reasonable; the computing power is unprecedentedly high, and in most cases there is regulatory clarity in some countries (UK), as BTC is introduced into daily life, The ecosystem is also growing. eToro analyst Simon Peters also pointed out that the adoption level is a key factor in whether BTC can reach the level of $50,000. Generally speaking, this is possible. Aspects that contribute to the main growth of Bitcoin include: participation of mainstream audiences; introduction of bitcoin futures and ETFs; more institutional investors; further advances in technology.