With the advent of Bitcoin in 2009, the concept of Cryptocurrency took a leap from virtual concept to reality. The popularity of Bitcoin reached its height in 2013 when Bitcoin reached a height of $266 per Bitcoin. So, what future has in hold for Cryptocurrency? Let us have a look at the future of Cryptocurrency.
The Future Prospects of Cryptocurrency There are many predictions regarding the future of Cryptocurrency it would be wise to have a look at those predictions so that one can invest in such currency with an open mind.
Replacement of National Currency by 2030: This is one of the predictions that is made regarding the future of Cryptocurrency by leading financial analysts. According to them this nature of currency is going to stay and by 2030 it is going to replace 25% of national currencies.
It would be different from cash: The nature of the transaction in future being ruled by Cryptocurrency would not be like what we do now use cash. Everything would be done digitally and the process would be much easier than it is now at present.
The value of Cryptocurrency would have a cyclic order: You must have noticed that with the advent of other nature of cryptocurrencies there is a dip in the value of Bitcoin. It is predicted that the value of such currencies will have rise and fall but it will be the one which will rule the market.
Disruptor for banking industry: It is also predicted that Cryptocurrency would be a disruptor for the banking industry. As peer-to-peer transactions would be easier and there would not be any requirement for any intermediaries investors would be attracted towards such currencies more and that would lead to cut in fees for banks and financial advisors.
So, it can easily be seen that Cryptocurrency is there to stay and has a bright future ahead.
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