Bloomberg has compiled a list of the most pessimistic forecasts for the next ten years and described scenarios of possible developments of economic and political world landscape.

Bloomberg has published its annual Pessimist Handbook, which cited eight pessimistic forecasts for the next ten years. One of the scenarios is the collapse of the current financial system and the growth of bitcoin price to $1 million.

According to the agency, this scenario might start with a major regional American bank undergoing a powerful cyber attack, because of which all of its systems will fail. Customers lose their deposits. As a result, the bitcoin rate will grow to $40,000.

In 2021, the Chinese retail platform Alibaba might launch its own cryptocurrency, making digital money more popular among the world's population. At the same time, Venezuela, Greece and African states will allow payments in bitcoins. The bitcoin price will jump to $100,000.

In 2023, hackers attack dozens of the world's largest banks with the help of a virus that steals money from depositors' accounts, and by 2028, most commercial banks will collapse. Instead of a traditional financial system, it will transform into a patchwork of digital currencies and payment systems, such as Alipay. The bitcoin rate will reach $1 million by this time.

Other scenarios include the collapse of Facebook's social network under the attack of fake news, the second presidential term of Donald Trump, the start of the trade war between China, the United States and Russia, the end of the era of oil energy and the triumph of electric vehicles, and the launch of a nuclear missile by North Korea.