Analyst believes that bitcoin could grow 200 times by 2030

Core Scientific CEO Darin Feinstein predicts that the price of bitcoin (BTC) will rise indefinitely as the distributed ledger technology behind it becomes the cornerstone of the economy of the future.

Feinstein first bought BTC in 2012, when the asset was worth just $ 50, and hopes that it will show equally impressive growth in the coming decade.

Feinstein said that BTC will grow «for the rest of your life» and predicts that the main cryptocurrency will rise 200 times over the next decade. In addition, the entrepreneur is confident that the distributed ledger technology underlying the bitcoin blockchain has every chance of laying the foundation for all financial products and services of the future.

«If you look at any bank, government, corporation, publicly traded company, all the information they report is double-entry accounting, which was invented in the 1300s or 1400s. We’re dealing with a 700-year-old technology that runs everything on the planet. Stakeholders can change the books and records, and the only way for someone to find out if fraud has occurred is to audit the books,» he commented.

At the same time, Сатоші Накамото" href="https://noworries.news/biography/satoshi-nakamoto/" data-bio-id="4232">Satoshi Nakamoto 's idea of the so-called «time chain» means that each transaction is recorded with a time stamp. A party cannot go back in time and change transactions. This advantage is especially relevant in connection with the emergence of digital currencies of central banks, when political opponents can be framed for unauthorized actions.