1. BTC remains volatile, lacking stability and clear use as currency. 2. Institutional investments may bolster BTC as a store of value over time. 3. Global efforts towards CBDCs may affect BTC’s adoption and perceived value. 4. Stablecoins and CBDCs are emerging as preferred digital currency options. 5. Current systems maintain an incumbency advantage, limiting crypto revolution.
BTC faces competition from stablecoins and CBDCs, affecting its status as a store of value. Historical shifts towards regulated digital currencies have previously restricted BTC’s growth.
The ongoing discussion about digital currencies directly influences market sentiment regarding BTC and its perceived usability. Shifts in regulatory environments may impact BTC's market position relative to emerging digital currencies.
Immediate regulatory changes and stablecoin adoption will influence BTC's volatility in the next year. Previous instances show swift reactions to governmental digital currency initiatives.