Researchers representing the BitMEX crypto exchange believe that it is unlikely that the BTC project in the field of scalability and privacy, which the users crave for, is unlikely.
Representatives of the company noted that instead, the cryptocurrency will slowly improve over the next few years. It is assumed that individual development of programmers does not carry such significant importance for the ecosystem as combining them into a single whole. So, for example, the development of Lightning Network, SegWit, Schnorr should work in tandem in order to improve the goals of the project, namely scalability and privacy.
Bitcoin is unlikely to have a sudden technological breakthrough that provides the scalability & privacy users want
Instead, Bitcoin may slowly improve over years. Individual upgrades are not only beneficial on a stand alone basis, but crucially they also complement each other pic.twitter.com/OwHoCVrkpj
BitMEX Research (@BitMEXResearch) October 6, 2019
This opinion is supported by some important figures in the crypto space. So, Samson Mow, Blockstream’s strategic director, believes in the potential of the Lightning Network, but notes that success requires the spread of technology among users.
In general, society began to more actively consider BTC in the long run. If we talk about analysts, then some give very interesting forecasts for the price of the flagship cryptocurrency. Tony Weiss, for example, recently announced that at the end of 2023 the exchange rate could rise to $ 100 thousand, partly the rally would be provoked by turmoil due to halving in 2024.
