It all started as a programmer’s hobby a decade ago; cryptocurrency trading continues to surprise with many. The cryptocurrency trade is all about trading different digital coins, which makes it somewhat mysterious, scary, and exciting to any casual observer. While famous investors and seasoned financial experts like Warren Buffet remain sceptical about the future of bitcoins, it’s almost impossible to ignore the vast amounts of money invested on crypto and what this could mean about its potential.
- Cryptocurrencies Could Replace National Currency
It is evident that cryptocurrencies are here to stay. The rise of cryptocurrency in the last few years is a clear indicator that it is a legitimate asset. As much as cryptocurrencies might not be able to take the place of dominant currencies completely, current trends show that they might displace at least 25 of most national currencies. As this happens, some people might lose out during this transition, whilst others stand to gain significantly.
- They Won’t Be Like Cash Currencies
The future looks promising for bitcoins and other cryptocurrencies, due to the fact that they are entirely different from cash. The blockchain technology has taken the power to manipulate the value of currencies from few people, and instead placed it on bitcoin investors. In light of this, bitcoins will be considered as assets, rather than actual currencies.
- More Patronage For Institutional Investors
The volatility of bitcoins is a point of concern to many. Given that institutional investors are fast getting into the scene, future bitcoin transactions are expected to be more regulated, which means less anxiety about the uncertainty of the value of different cryptocurrencies. However, this does not mean that they will stop being volatile, only that control will inject some confidence to in investors.
The rise of cryptocurrency is enough to show that the future of cryptocurrency is green. Notably, as much there could be a possibility of a real crash, the prospects of cryptocurrencies outweigh the risks.