A Forecast in Cryptocurrency
What could be the future of cryptocurrency?
Cryptocurrency has become globally dominating for the past years, although most financial advisors label it in the infancy stage. There have been many predictions about what else these coins can do in our universe or perhaps in each individual’s life. The worries are still swirling around the technology and its capacity to manage the expectations from people.
As of today, there are over 4,000 types of cryptocurrency circulating the global digital infrastructure. In statistics, 3 out of 10 people are using digital tokens to buy services, goods and payment for a transaction. However, the discovery of crypto teams are continuously evolving in such gaming, editing, collecting data and using an online ledger with strong cryptography to secure online transactions, built on top of blockchain technology.
Some economic analysts predict a big change as institutional money enters a new wave in the market. There should be a massive preparation for possible hacking issues on each network. Thus, there are also crypto users who predict that all that crypto needs is a verified exchange traded fund or commonly known as “ETF”. In which they would definitely make it easier for people to invest in Bitcoin, but there still needs to be the demand to want to invest in crypto.
Bitcoin, Ethereum and Litecoin can be pretty much complex especially if you have not read any information about these currencies. Despite being complicated, the mere fact that these coins are gradually diverting the economy into something more techy and progressive, then I must say that we need cryptocurrency in the market. However, we must firmly educate ourselves on blockchain and cryptocurrencies as a preparation for the opportunities that come with new emerging technologies.
According to Shanelle Matu on one of her blogs about cryptocurrency, in the last 12 years since cryptocurrency was introduced, it seems the rate at which people are becoming familiar with cryptocurrency is indeed very slow, and it appears that financial authorities and governments around the world are beginning to scrutinise cryptocurrencies, rather than educating people on something that is already taking shape.
Despite the progressive capacity that the blockchain holds, there are still a huge number of people who despise this idea.
There will always be two sides in a coin which are surely the disadvantage and advantages of cryptocurrency. So, whether people will accept the idea of blockchain or not, there will always be a consequence. One thing is for sure, blockchain is continuously making a legacy in history.
What could be the future of cryptocurrency for you?