Cryptocurrency has become powerful, offering businesses and individuals streamlined financial transactional benefits and more.
The theory of cryptocurrency started back in 1983 when an American cryptographer, David Chaum, introduced an anonymous cryptographic electronic money called ecash. The initiative taken by David was tremendous that later increases its prominence across the world and made it a secure internet-based financial exchange medium.
Cryptocurrency also gave birth to Blockchain technology that is decentralized in nature and made cryptocurrency effective for businesses looking for the best ways of transaction control and interference. The era of cryptocurrency is running prolifically, facilitating businesses with a competent and secure transaction environment. But can anyone predict where the technology will be in the next 10 or 20 years?
Predictions are tricky, especially when it comes to the future of cryptocurrency!
To bring a clear picture “why cryptocurrency is the future” in the limelight, we have curated a detailed article explaining different cryptocurrencies such as Bitcoin, Ethereum, and Dagcoin, and their future scope.
Future Of Bitcoin
Bitcoin is a cryptocurrency, acknowledged typically as a computer file stored on a digital wallet that offers several advantages. These are also said to be the decentralized digital currency that needs no central bank or single administrator. So, the currency can be set here from user to user via peer-to-peer bitcoin network. This also reduces the need for intermediaries.
It has also been used as a great medium for secure transactions but predicting the bitcoin future seems still tricky here. But still, we have some accumulated stats from Forbes that say that bitcoin price will soar high around $250,000 per bitcoin by the year 2022. On behalf of the facts, we can predict bitcoin to be in the industry for many more years.
Future Of Ethereum
Ethereum is a powerful cryptocurrency that started revolutionizing by introducing smart contracts, decentralized applications, and other intuitive features. Surprisingly, it became the hottest altcoin of 2017 that had picked up the rise from $9.50 to $1,500.
The surprising fact about the cryptocurrency is, it will holds around 25% of the entire cryptocurrency industry which is further predicted to account for a total market capitalization of about $4.5 trillion by the year 2020.
So, if you’re an Ethereum investor, you can unhesitatingly choose the currency for your future investment plans. The reason is that the Ethereum blockchain has become the second most popular in the cryptocurrency industry, empowering business and government sectors with streamlined financial transactions. It will definitely take a stronghold in the future.
Future Of Dagcoin
Dagcoin is the first-ever cryptocurrency designed to fulfill various demands including speed of transactions, reducing the cost, lessor transaction restrictions, etc. undoubtedly, cryptocurrencies are here to stay and, when it comes to Dagcoin, the fact also proves to be true.
Currently, Dagcoin is running with a wide community of 300000+ users which is rapidly growing on a large scale. It’s satisfying traders and business owners’ transaction needs and simultaneously becoming one of the best cryptocurrency to be used in the future.
If you’re passionate about investing in the cryptocurrency, Dagcoin would be the best category you can proceed with.
Should You Invest In Cryptocurrencies in Future?
In this world today, everything is evolving every day, especially in terms of the digital economy. Here, it needs to be discussed “will cryptocurrency be the future?”
Yes, it will, as the technology already took the market by storm. The growth of this digital money made people believe that why the cryptocurrency is good to adopt.
Let’s discuss why cryptocurrency has picked up such huge prominence across the industry:
Initially, cryptocurrency was taken for granted by many businesses and even government sectors. But later the miracle happened which made the simple crypto idea the crucial one for everyone, garnered over 21 million users transactional needs.
Currently, cryptocurrency has become mainstream media attention, pushing individuals to understand the importance of adopting cryptocurrencies. And, after witnessing the ever-evolving growth, a famous entrepreneur named John McAfee and well-known investors the Winklevoss twins have already invested heavily cryptocurrencies.
Similarly, some other prominent business tycoons and advocates made strong predictions for the future of cryptocurrency:
- Venture capital investor, Tim Draper, predicted that the cryptocurrency capitalization market will reach up to $80 trillion by the next 15 years.
- Lori Beer, CIO of JP Morgan made the statement at a press conference that “Blockchain will replace the existing technology” in a few upcoming years. He followed the statement by giving his own example saying “He himself utilizing Blockchain technology in order to simplify store customer information and payment process”.
- Kim Dotcom, a MegaUpload creator, also showed his belief in Bitcoin said “Buy Cryptocurrency” and claimed that everyone will get excellent returns.
- Robert Kiyosaki, a famous author of “Rich Dad, Poor Dad”, a best-selling book, expressed his interest in cryptocurrency said, “cryptocurrency will eventually replace the world’s currency”.
- Lastly, Jeff Sprecher the CEO of the world’s largest stock exchange, NYSE, claims and stated that Bitcoin possesses the potential to be the first worldwide currency.
In the near future of this ever-growing digital economy, people would be regretting their decision on not investing in cryptocurrencies. Investing in cryptocurrency makes them a part of the evolution that will be talked about for the upcoming years.
Cryptocurrency Future Predictions By Digital Economy Analysts
Some digital economy analysts are predicting a massive rise in cryptocurrency as the institutional money is entering the market. Some are predicting that the crypto needs a Verified Exchange Fund (ETF) because it will definitely make it easier for people to invest in these cryptocurrencies, but there is still needs to be a demand for you to invest in crypto.
The advantages of cryptocurrencies are evolving each and every day to the point that people are turning to it for investment or as a means for exchange as an alternative of physical money. If you are considering investing in crypto, it is best if you treat your “investment” the same way you would manage any other investments, with careful planning.