Alexis Ohanian Co-Founder of Reddit expects Bitcoin to reach twenty thousand by years end. He is not an investor in Bitcoin but invests in the exchanges them self like Coinbase that is building the infrastructure of the future payment meant systems. Alexis also explains that when they roll out web 3.0 this will allow people to browse with a store of value with Bitcoin. This will allow anyone with a wallet even computers to interchange payments automatically without human intervention. This technology will bring the world that doesn’t have access to the financial institution but have access to the internet allowing under-serviced to be serviced and Bitcoin is doing just that. J.P. Morgan Chase, the biggest U.S. lender by assets, posted record second-quarter profit of $8.32 billion so there is plenty of room for the thintech companys to move into this space
People keep asking me what if governments try to ban Bitcoin and crypto they will try but they will fail and this is why there are three hurdles they have to overcome.
First, its decentralised no one person to answer to, owner or CEO
second, they would have to shut down the internet or turn all the power off
Third, there are private wallets with no owners names attached
Break down of the web growth over the past years and to come.
Web 1.0 was essentially an infodump
Web 2.0 changed this by allowing user interaction with dynamic websites that acted more as applications
Coming Soon Web 3.0 can be likened to an artificial intelligence assistant that understands its user and personalizes everything and browse with a store of value.