Why crypto will survive

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Honestly I believe that cryptocurrency will survive contrary to opinion of some who might think differently due to it being younger than older asset in the market some feel that means crypto hasn't yet proven or shown that it possess ability to survive over the long term and even some choose to not enter the crypto market because of the doubt they have about crypto longevity.

But the thing is there is even more chances of crypto surviving than of it just dieing down because of certain unique qualities of cryptocurrency this unique abilities gives it am edge to survive because it places it even above other traditional asset and this fact many are ignorant of or willfully choosing to leave out hence obscuring their mind about crypto ability to survive, for me though they are several reasons why I believe they maybe wrong in that assessment and I will write on some of the reasons I believe cryptocurrency will definitely survive.

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Why crypto is here to stay

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One of the reasons why crypto will survive is the fact that younger generation are driving the demand of cryptocurrency, yes it maybe a new asset class but this is an advantage for cryptocurrency as the younger generation are more inclined to tech and it is them who will decide what will be the future of finance and from what will are seeing the appeal of digital asset is evident on the mind of the younger generation and many of them like I sees cryptocurrency as a way to gaining financial freedom that isn't offered financially whilst for others it's a good investment opportunity.

Due to this reason they drive the price of cryptocurrency with increase demand and since it's the younger generation that are tech-savvy before they are eventually displaced they would have made an impact here with an even much financial influence which will place cryptocurrency at the heart of many and lead to more acceptance of crypto and crypto having more influence in financial world.

Also another thing that is quiet obvious here is that the cryptocurrency communities seemingly made up of developers and the community is a very strong one and a growing ecosystem and this crypto community users are very passionate tech-savvy individuals who are willing to work for the long term benefit of the project and together the community help to even contribute to the innovation of the project and ensure that such project continues to improve making it harder for cryptocurrency to lose its relevance anytime soon.

And the community members of any cryptocurrency project seems to give full support to the community yes the crypto community is not only strong but support the idealogy of decentralization and are ever ready to advocate for all that crypto stands for they support and love the transparent nature of cryptocurrency and the financial freedom it gives hence they will help to make cryptocurrency stay here with longer with their continuous support, with a strong crypto community that likes of which we have today cryptocurrency will definitely survive.

The emergence of central bank digital currencies may yet be another reason for cryptocurrency to survive here in the long term as government are now seeing the importance of a digital currency they don't understand that may give cryptocurrency the legitimacy it needs because when it comes to digital currency is a world where cryptocurrency rules clearly and much better than CBDCs issued by the government which is centralized cryptocurrency on the other hand is decentralized which gives it an appeal to the masses making it to be more prefered.

Yes government with the issuance of centralized bank digital currencies shows that they fully acknowledge the need for a digital currency as the world continues to drives toward full digital the need for a digitalized finance becomes necessary and government knows this and out of fear not to be left out issued CBDCs but the only thing is that cryptocurrency when it comes to digital currency is likely more favoured by many for it's decentalized nature this shift to digital currency makes it all the more plausible for cryptocurrency to stay here for a much longer time.

We may also wonder why else would crypto stay or survive here for long well it's evidently because now there is even more acceptance for cryptocurrency in our time than ever before both in e-commerce and remittance cryptocurrency is showing to be of great use there are many companies now that are resdily accepting cryptocurrency payments which is really a welcome development placing crypto just exactly where it needs to be and primed to be here for long, both PayPal, Mastercard and visa are some of the notable companies that support payments involving cryptocurrency, indeed in our time cryptocurrency is being used for transactions on the daily basis making it likey to be here for long.

Also when it comes to remittance cryptocurrency is much prefered for the single reason that the cost of making transaction with cryptocurrency is considerably lower compared to what we have in the traditional remittance service that has higher fees cryptocurrency charges are more favourable making it suitable an appealing for many and for that reason will always be preferred by the many this no doubt makes cryptocurrency more likely to stay here for a longer period of time.

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Conclusion

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No doubt due to some of the reasons I highlighted I believe cryptocurrency will survive here, not to mention it transparency nature too which makes accountability easier, yes cryptocurrency appeals to the younger generation which means they would help push it to gain more relevance in financial world plus the strong community of developers and younger enthusiast here so clearly crypto is here to stay forever it's not going anywhere anytime soon.