What role do cryptocurrencies play in the future?
For starters, we'll see a lot more regulation aimed at protecting investors, increasing transparency, and limiting risk-taking. The lack of financial literacy continues to be a big issue. While retail investors should be able to invest their hard-earned money however they want, they should at the very least do it with their eyes wide open. Crypto promoters, as well as their celebrity allies who frequently conceal their own financial interests in the items they advocate, should be held back from making unrealistic promises of large returns with minimal risk.
Second, as the technology matures and functions within regulatory bounds, it may begin to contribute to the improvement of the financial system's functioning. Technology, in particular, has the potential to make certain aspects of finance, such as payments, more efficient.