Most people think of volatility in the negative context, i.e. downside risk due to negative volatility. But any currency that was amongst the best performing for 6 of the last 7 years would mathetically be likely to amongst the most volatile as well.

My simplest answer is "no need".

Bitcoin "does not need" to be accepted as a currency because it has an uncertain price character.
Bitcoin is not a currency but Bitcoin is a "digital asset".
Bitcoin is made a currency, it means it must have a country and in this world any country that has a price of its currency is "stable" and it is already owned and validated by the state.

You make the point. Indeed, as Bitcoin is the leading coin around the world with competitive value and potential, Bitcoin no needs to be accepted at this point. However, Bitcoin got where it is today with neutralized by most governments and organizations. It is already legendary, though If Bitcoin were accepted by the wider world, it would be a different story.

At the time of this writing, according to Population Matters, there were an estimated 7.8 billion people on earth. While you reading this, the world's population continues to grow slowly.

As the dollar is the agreed global reserve currency, we can imagine everyone owning at least a dollar or trillions of dollars worth of other surplus assets.
Dollars are being printed by a huge margin which at a much faster rate than population growth. This applies not only to the dollar but to the currencies of other countries around the world.

Except for Bitcoin

Between its creation in 2009 and 2140 the year that end of the mining cycle, there will be 21m bitcoins Bitcoins been produced (some of which are permanently lost). As of today, about 87% of the total amounts of Bitcoins have been mined. Over the next 120 years, there are remaining roughly 2.8 million bitcoins which are getting exponentially difficult to produce.

Calculate form the current population and currently available bitcoins, we can infer that by distributing bitcoins equally among everyone on the earth, each person would get 0.00234,497 bitcoins. Or, to put it another way, would be about 234497 Satoshi.

Just as we use penny for a fraction of the pieces dollar, we also take Satoshis for a fraction of the tiny bitcoin. In the future, the reality is that most of us will tend to buy and sell Satoshi bitcoins, as the value of Bitcoins will go to a higher level.

At the time of this writing, the price of Bitcoin is about $9,200 and will cost you $20 to own 0.00234,497 bitcoins. In other words, in present, for only $20, you're mathematically guaranteed to have more Bitcoins than the average person on the Earth has in the future.

However, it is a simplification that intentionally excludes many other factors, so we need to look deeper into the actual Numbers.

Eventhough there are still more than two million bitcoins waiting to be mined, but in the next 120 years, more people will be born on earth.

Understandably, the projections for the global population in 2140 are varied, but assuming we haven't blown ourselves up or discovered some other ingenious way to wipe humanity off the face of the earth, we should expect the number to reach 12 billion by then.

Similarly, with simple math, if you want to buy bitcoins for your great-grandchildren, meanwhile all remaining bitcoins have been successfully mined, you would need 0.00175 bitcoins or 16 dollars.





However, there is a significant amount of bitcoin has been lost and may never be recovered. In the early days, bitcoin had no value and was easy to purchase. Those who started mining just for fun in the old-time now having accumulated hundreds (or even thousands) of bitcoins. However, some of them already forget about it or lose the private keys. Without the private key, the Bitcoins will never be recovered.

James Howell, a prominent IT worker in the UK, dug up 7,500 bitcoins in his early days and accidentally discarded the hard drive where the keys were stored. The hard drive is in a landfill in Wales, and Howell fails for attempting to get permission from the City Council to assess the landfill.

Howell's story is not rare. The Internet is full of people that tell stories about their loss. These kinds of things are still happening today.

There are many estimates and methods for estimating lost bitcoins, which are always visible on the blockchain, but never accessible and there is no way of knowing who they belong to. If we need 0.0023188 Bitcoins then we should have our minimum average amount or $20 worth of bitcoins.

There are also other investment choices. The biggest feature of BitOffer is that no matter whether it is a bull market or a bear market, it has the opportunity to obtain up to a thousand times of excess income without any margin or handling fee. Bitoffer options provide 7 choices from 2 minutes to 7 days. Besides, it is worth mentioning that the bitcoin option spot index is composed of the equivalent weights of 7 exchanges.

In terms of operation, bullish is expected to buy, and bearish is expected to buy. The profit calculation is the same as the spot when buying up, how much will increase in the period to earn, when buying falls, how much will fall in the period to earn In short, it is to use a very small principal to bet on the ups and downs of the future range, to obtain high returns. Recently, Bitoffer launched the strongest Ethereum option, with 0 margins, 0 handling fee, and no need to exercise.

I'd say scalability issues and POS algorithm will be greater than the previous version. There will be more transactions per second and it can beat some existing systems such as Visa Mastercard and it could beat by speed and cost of the transaction that is the main difference we will see soo what it's going to be like for.

According to the options trading data from BitOffer, On June 26, with the due to settlement exceeding $1 billion, Bitcoin has experienced its largest option expiration event in history. Of which BitOffer exchanges accounted for 73%, followed by Deribit and OKEX. This is an important milestone for the digital asset space, reflecting the rapid growth of the cryptocurrency options market through 2020 and its growing influence on bitcoin price movements.





The question is this phenomenon leads to significant market volatility? This is the main concern of most investors. The price of Bitcoin continued to decline on June 26, the day it was hitting an intraday low of $8,841, which is the lowest price recently. It is worth noting that a large number of expirations mean that a new round of open options contracts will follow, and there are strong bullish expectations for bitcoin's performance after halving. It is likely to spur a V-shaped rebound of bitcoin and breakthrough $10,000.


Lucian, the chief analyst at BitOffer exchange said that the encryption currency derivatives market has developed rapidly in 2020, especially in the options volume constantly refresh the record. At the same time, we also see the ETH options in rapid growth, at the month of ETH options being launch in BitOffer, its volume became more than $500 million. The options market is getting popular and the encryption market is gradually maturing, and likely having a better prospect versus the contract market.


As is known to all, BitOffer is the largest bitcoin options exchange, and it has launched the world's first American-style options of BTC, ETH, BSV, and BCH. The biggest feature of BitOffer is that no matter whether it is a bull market or a bear market, it has the opportunity to obtain up to a thousand times of excess income without any margin or handling fee. Bitoffer options provide 11 sections to choose from 2 minutes to 7 days. Besides, it is worth mentioning that the bitcoin option spot index is composed of the equivalent weights of 7 exchanges.


For example, as the price of Bitcoin was 9000 US dollars, Tom and Jerry predict that Bitcoin was expected to continue to rise, so they bought bitcoin contract and bitcoin options, respectively.

Tom choose to purchase a Bitcoin contract which cost $9000
Jerry choose to buy a bitcoin option which costs about $5
As they wish, after Tom and Jerry placed the orders, the bitcoin price rose sharply, which less than an hour, from 9,000 US dollars to 9,500 US dollars.


By comparison, Tom and Jerry get the same benefits, but the cost gap is very large.

Tom spent $9,000 and earned $ 500, which is a 5.5% return on the cost.
Jerry spent $5 and earned $500, which is calculated as 10,000% of the income.
Conversely, if bitcoin fell from 9,000 US dollars to 8,500 US dollars in one hour, Tom will be lost 500 dollars, and Jerry only lost the option fee, which would be 5 dollars.

Which means Jerry can get an interest in BTC for a very low price. This is what we say Limited losses and Unlimited gains.


Since the price of Bitcoin has been very volatile, more and more investors have started to use options to hedge the downside risk of the spot, to realize a stable progressive investment.


For example, the current price of Bitcoin is $10,000:

If the price rises to $11,000, the spot profit will be $1,000
If the price falls to $9000, the spot loss will be $1000

The cost is only about $20 if you buy a put option for hedging on BitOffer. Once the bitcoin drops from $10,000 to $9,000, the spot loss will be $1,000 and the put option will make $1,000 without loss.


As the risk is completely washed out, when you start hedging, you could make money when the price goes up, and you could save the cost when it goes down. This is the hedge between options and spots, besides, many investors using options to hedge contracts as well.

There is a possibility, my friend. Personally, I think one of the main barriers to bitcoin breaking a high level is time, but the process is tortuous. Production is the most critical factor in determining the value of an asset, even if the price goes up, we can't produce more bitcoin, unlike gold, which we can increase production. As the supply of Bitcoin is halved, the ratio of inventory flow to production will double to 54 (very close to gold).

However, lead the world's currency market is quite different. this concept is higher above the specifics price that we talking about, it means people accept it and consider it as the most useful one. For example, the Bahraini dinar is the world's most valuable currency, but many of us didn't know about it at all. Bitcoin's outward self-presentation as a decentralized currency beyond politics, if Bitcoin became the world's leading currency, it will involve in the politics.

 At present, the average trend starting upward. Once soared in heavy trading volume, is expected to hit 10,000. However, it is 7 days left, we can't tell if it soared in heavy trading this week, we will see.