What will be the future of cryptocurrencies ? Will Bitcoin , Ethereum , Dogecoin and other altcoins continue to grow in value? Until a few years ago, it was believed that cryptocurrencies led by Bitcoin were a speculative bubble, with a far too uncertain future. Today the situation seems to have changed, also due to the growing interest in technology on the part of institutional investors. According to a survey conducted by Goldman Sachs , 40% of investors are currently in possession of cryptocurrencies.
The most popular asset, or rather the crypto-asset, is still Bitcoin, followed by Ethereum. Well what will be the future of cryptocurrencies between now and the next few years?
CONTENT INDEX
The future of cryptocurrencies.
Which cryptocurrencies to invest in.
What the experts think.
What else to consider.
- The future of cryptocurrencies
Understanding whether investing in cryptocurrencies in 2021 is a wise choice or a risk is virtually impossible.
On the one hand, the risks associated with a still poor regulation and high volatility still exist today, on the other hand it is undeniable that cryptocurrencies are, increasingly, an alternative asset in which to keep one's savings.
The said survey conducted by Goldman Sachs shows that 37% of investors today find cryptocurrency a more attractive investment than what the stock market offers.
However, although many recognize that they are attracted to digital currencies at the same time they continue to prefer traditional assets.
To understand the future of cryptocurrencies, one can only try to frame the situation. Some aspects seem to lead to consider digital currencies still growing in value in the coming years.
For example, Coinbase, the famous marketplace dedicated to the trading of cryptocurrencies, despite having existed for only 10 years, once it landed on the stock exchange it was valued about 72 billion dollars more or less as much as BNP Paribas, a historic French bank present since today, is valued today. 1848.
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The future of cryptocurrencies: is it too late to invest?
Giacomo Goria
May 28, 2021
Facebook
Linkedin
What will be the future of cryptocurrencies ? Will Bitcoin , Ethereum , Dogecoin and other altcoins continue to grow in value? Until a few years ago, it was believed that cryptocurrencies led by Bitcoin were a speculative bubble, with a far too uncertain future. Today the situation seems to have changed, also due to the growing interest in technology on the part of institutional investors. According to a survey conducted by Goldman Sachs ( https://www.p2pfinancenews.co.uk/2021/03/08/goldman-sachs-institutional-crypto-interest-on-the-rise/ ), 40% of investors are currently in possession of cryptocurrencies.
The most popular asset, or rather the crypto-asset, is still Bitcoin, followed by Ethereum. Well what will be the future of cryptocurrencies between now and the next few years?
CONTENT INDEX
The future of cryptocurrencies.
Which cryptocurrencies to invest in.
What the experts think.
What else to consider.
- The future of cryptocurrencies
Understanding whether investing in cryptocurrencies in 2021 is a wise choice or a risk is virtually impossible.
On the one hand, the risks associated with a still poor regulation and high volatility still exist today, on the other hand it is undeniable that cryptocurrencies are, increasingly, an alternative asset in which to keep one's savings.
The said survey conducted by Goldman Sachs shows that 37% of investors today find cryptocurrency a more attractive investment than what the stock market offers.
However, although many recognize that they are attracted to digital currencies at the same time they continue to prefer traditional assets.
To understand the future of cryptocurrencies, one can only try to frame the situation. Some aspects seem to lead to consider digital currencies still growing in value in the coming years.
For example, Coinbase, the famous marketplace dedicated to the trading of cryptocurrencies, despite having existed for only 10 years, once it landed on the stock exchange it was valued about 72 billion dollars more or less as much as BNP Paribas, a historic French bank present since today, is valued today. 1848.
Likewise, investors fear that what already happened at the turn of 2017 and 2018 could repeat itself when, after a period of strong Bitcoin growth, the price quickly plummeted from $ 16,000 to $ 3,000.
To these considerations we can add:
The UK's Financial Conduct Authority ( https://www.fca.org.uk/ ) has warned cryptocurrency investors that they could lose up to 100% of what they invested;
The Xangle platform conducted a study highlighting that investors around the world have lost about 16 billion due to scams and fraud related to the world of cryptocurrencies ;
The environmental aspect continues to worry investors. Creating new virtual coins through the so-called mining activity involves a high expenditure of energy, just think that, according to the Bank of America , obtaining Bitcoin involves carbon emissions equal to those emitted by the whole of Greece.
Given all the aspects considered so far, the future of cryptocurrencies remains uncertain and the most prudent investors recommend a maximum exposure of between 1% and 2% of their portfolios.
- Which cryptocurrencies to invest in
Dedicating 1% or 2% of your portfolio to virtual currency could allow on the one hand not to remain out in the event of further increases in the currency, on the other hand not to expose yourself to significant losses.
But what other aspects to consider? In general, the choice of the cryptocurrency in which to invest can also be determined.
Today there are now hundreds of cryptocurrencies, some have values almost equal to zero, others still are real scams.
Bitcoin, for example, has a much more consolidated structure and credibility of its own than other cryptocurrencies.
An investor is aware that the number of Bitcoins that can be produced is limited and that by 2030, 99% of the coins will be mined .
Ethereum likewise enjoys a certain reputation and development technology is increasingly used in the decentralized finance market.
The aforementioned two coins, although volatile, are all in all safe at least compared to others such as Dogecoin, which does not yet have a clear and defined development project and the value is driven mostly by the trust that people place in Elon Musk. .
- What the experts think
According to economist David Rosenberg, Bitcoin's exponential growth in the last period is abnormal, leading him to declare that Bitcoin is today “the biggest market bubble right now”. However, Rosenberg himself acknowledges that the entry of institutional investors such as PayPal , Fidelity and Microstrategy cannot be ignored.
According to Anthony Pompliano co-founder of Morgan Creek Digital , buying Bitcoin is a good option to protect yourself from inflation , so much so that you compare virtual currency to gold and consider it as a protector of purchasing power.
But not everyone agrees, according to billionaire entrepreneur Mark Cuban, Bitcoin is by no means a currency that can protect against inflation.
According to the entrepreneur, more and more countries around the world will adopt measures aimed at taxing those who have reserves of value in virtual currency.
Menu
The future of cryptocurrencies: is it too late to invest?
Giacomo Goria
May 28, 2021
Facebook
Linkedin
What will be the future of cryptocurrencies ? Will Bitcoin , Ethereum , Dogecoin and other altcoins continue to grow in value? Until a few years ago, it was believed that cryptocurrencies led by Bitcoin were a speculative bubble, with a far too uncertain future. Today the situation seems to have changed, also due to the growing interest in technology on the part of institutional investors. According to a survey conducted by Goldman Sachs ( https://www.p2pfinancenews.co.uk/2021/03/08/goldman-sachs-institutional-crypto-interest-on-the-rise/ ), 40% of investors are currently in possession of cryptocurrencies.
The most popular asset, or rather the crypto-asset, is still Bitcoin, followed by Ethereum. Well what will be the future of cryptocurrencies between now and the next few years?
CONTENT INDEX
The future of cryptocurrencies.
Which cryptocurrencies to invest in.
What the experts think.
What else to consider.
- The future of cryptocurrencies
Understanding whether investing in cryptocurrencies in 2021 is a wise choice or a risk is virtually impossible.
On the one hand, the risks associated with a still poor regulation and high volatility still exist today, on the other hand it is undeniable that cryptocurrencies are, increasingly, an alternative asset in which to keep one's savings.
The said survey conducted by Goldman Sachs shows that 37% of investors today find cryptocurrency a more attractive investment than what the stock market offers.
However, although many recognize that they are attracted to digital currencies at the same time they continue to prefer traditional assets.
To understand the future of cryptocurrencies, one can only try to frame the situation. Some aspects seem to lead to consider digital currencies still growing in value in the coming years.
For example, Coinbase, the famous marketplace dedicated to the trading of cryptocurrencies, despite having existed for only 10 years, once it landed on the stock exchange it was valued about 72 billion dollars more or less as much as BNP Paribas, a historic French bank present since today, is valued today. 1848.
Likewise, investors fear that what already happened at the turn of 2017 and 2018 could repeat itself when, after a period of strong Bitcoin growth, the price quickly plummeted from $ 16,000 to $ 3,000.
To these considerations we can add:
The UK's Financial Conduct Authority ( https://www.fca.org.uk/ ) has warned cryptocurrency investors that they could lose up to 100% of what they invested;
The Xangle platform conducted a study highlighting that investors around the world have lost about 16 billion due to scams and fraud related to the world of cryptocurrencies ;
The environmental aspect continues to worry investors. Creating new virtual coins through the so-called mining activity involves a high expenditure of energy, just think that, according to the Bank of America , obtaining Bitcoin involves carbon emissions equal to those emitted by the whole of Greece.
Given all the aspects considered so far, the future of cryptocurrencies remains uncertain and the most prudent investors recommend a maximum exposure of between 1% and 2% of their portfolios.
- Which cryptocurrencies to invest in
Dedicating 1% or 2% of your portfolio to virtual currency could allow on the one hand not to remain out in the event of further increases in the currency, on the other hand not to expose yourself to significant losses.
But what other aspects to consider? In general, the choice of the cryptocurrency in which to invest can also be determined.
Today there are now hundreds of cryptocurrencies, some have values almost equal to zero, others still are real scams.
Bitcoin, for example, has a much more consolidated structure and credibility of its own than other cryptocurrencies.
An investor is aware that the number of Bitcoins that can be produced is limited and that by 2030, 99% of the coins will be mined .
Ethereum likewise enjoys a certain reputation and development technology is increasingly used in the decentralized finance market.
The aforementioned two coins, although volatile, are all in all safe at least compared to others such as Dogecoin, which does not yet have a clear and defined development project and the value is driven mostly by the trust that people place in Elon Musk. .
- What the experts think
In a recent contribution on Cnbc.com ( https://www.cnbc.com/2021/01/09/what-experts-say-about-cryptocurrency-bitcoin-concerns.html ) some opinions about the future have been collected cryptocurrencies , released by financial and investment market experts.
According to economist David Rosenberg, Bitcoin's exponential growth in the last period is abnormal, leading him to declare that Bitcoin is today “the biggest market bubble right now”. However, Rosenberg himself acknowledges that the entry of institutional investors such as PayPal , Fidelity and Microstrategy cannot be ignored.
According to Anthony Pompliano co-founder of Morgan Creek Digital , buying Bitcoin is a good option to protect yourself from inflation , so much so that you compare virtual currency to gold and consider it as a protector of purchasing power.
But not everyone agrees, according to billionaire entrepreneur Mark Cuban, Bitcoin is by no means a currency that can protect against inflation.
According to the entrepreneur, more and more countries around the world will adopt measures aimed at taxing those who have reserves of value in virtual currency.
- What else to consider
As we have seen so far, the conflicting opinions on the future of Bitcoin and, in general, on the cryptocurrency world are present even among the most experienced and seasoned investors.
Surely, a future investor should consider, regardless of everything, that virtual currencies and blockchain technology have sparked a revolution whose outcomes are unpredictable.
Meanwhile, Google and Facebook have led to an interest in technology by starting to think about how to develop their own digital currencies.
And that's not all, according to the report published by Central Bank Digital Currency
Menu
The future of cryptocurrencies: is it too late to invest?
Giacomo Goria
May 28, 2021
Facebook
Linkedin
What will be the future of cryptocurrencies ? Will Bitcoin , Ethereum , Dogecoin and other altcoins continue to grow in value? Until a few years ago, it was believed that cryptocurrencies led by Bitcoin were a speculative bubble, with a far too uncertain future. Today the situation seems to have changed, also due to the growing interest in technology on the part of institutional investors. According to a survey conducted by Goldman Sachs ( https://www.p2pfinancenews.co.uk/2021/03/08/goldman-sachs-institutional-crypto-interest-on-the-rise/ ), 40% of investors are currently in possession of cryptocurrencies.
The most popular asset, or rather the crypto-asset, is still Bitcoin, followed by Ethereum. Well what will be the future of cryptocurrencies between now and the next few years?
CONTENT INDEX
The future of cryptocurrencies.
Which cryptocurrencies to invest in.
What the experts think.
What else to consider.
- The future of cryptocurrencies
Understanding whether investing in cryptocurrencies in 2021 is a wise choice or a risk is virtually impossible.
On the one hand, the risks associated with a still poor regulation and high volatility still exist today, on the other hand it is undeniable that cryptocurrencies are, increasingly, an alternative asset in which to keep one's savings.
The said survey conducted by Goldman Sachs shows that 37% of investors today find cryptocurrency a more attractive investment than what the stock market offers.
However, although many recognize that they are attracted to digital currencies at the same time they continue to prefer traditional assets.
To understand the future of cryptocurrencies, one can only try to frame the situation. Some aspects seem to lead to consider digital currencies still growing in value in the coming years.
For example, Coinbase, the famous marketplace dedicated to the trading of cryptocurrencies, despite having existed for only 10 years, once it landed on the stock exchange it was valued about 72 billion dollars more or less as much as BNP Paribas, a historic French bank present since today, is valued today. 1848.
Likewise, investors fear that what already happened at the turn of 2017 and 2018 could repeat itself when, after a period of strong Bitcoin growth, the price quickly plummeted from $ 16,000 to $ 3,000.
To these considerations we can add:
The UK's Financial Conduct Authority ( https://www.fca.org.uk/ ) has warned cryptocurrency investors that they could lose up to 100% of what they invested;
The Xangle platform conducted a study highlighting that investors around the world have lost about 16 billion due to scams and fraud related to the world of cryptocurrencies ;
The environmental aspect continues to worry investors. Creating new virtual coins through the so-called mining activity involves a high expenditure of energy, just think that, according to the Bank of America , obtaining Bitcoin involves carbon emissions equal to those emitted by the whole of Greece.
Given all the aspects considered so far, the future of cryptocurrencies remains uncertain and the most prudent investors recommend a maximum exposure of between 1% and 2% of their portfolios.
- Which cryptocurrencies to invest in
Dedicating 1% or 2% of your portfolio to virtual currency could allow on the one hand not to remain out in the event of further increases in the currency, on the other hand not to expose yourself to significant losses.
But what other aspects to consider? In general, the choice of the cryptocurrency in which to invest can also be determined.
Today there are now hundreds of cryptocurrencies, some have values almost equal to zero, others still are real scams.
Bitcoin, for example, has a much more consolidated structure and credibility of its own than other cryptocurrencies.
An investor is aware that the number of Bitcoins that can be produced is limited and that by 2030, 99% of the coins will be mined .
Ethereum likewise enjoys a certain reputation and development technology is increasingly used in the decentralized finance market.
The aforementioned two coins, although volatile, are all in all safe at least compared to others such as Dogecoin, which does not yet have a clear and defined development
3.some opinions about the future have been collected cryptocurrencies , released by financial and investment market experts.
According to economist David Rosenberg, Bitcoin's exponential growth in the last period is abnormal, leading him to declare that Bitcoin is today “the biggest market bubble right now”. However, Rosenberg himself acknowledges that the entry of institutional investors such as PayPal , Fidelity and Microstrategy cannot be ignored.
According to Anthony Pompliano co-founder of Morgan Creek Digital , buying Bitcoin is a good option to protect yourself from inflation , so much so that you compare virtual currency to gold and consider it as a protector of purchasing power.
But not everyone agrees, according to billionaire entrepreneur Mark Cuban, Bitcoin is by no means a currency that can protect against inflation.
According to the entrepreneur, more and more countries around the world will adopt measures aimed at taxing those who have reserves of value in virtual currency.
- What else to consider
As we have seen so far, the conflicting opinions on the future of Bitcoin and, in general, on the cryptocurrency world are present even among the most experienced and seasoned investors.
Surely, a future investor should consider, regardless of everything, that virtual currencies and blockchain technology have sparked a revolution whose outcomes are unpredictable.
Meanwhile, Google and Facebook have led to an interest in technology by starting to think about how to develop their own digital currencies.
And that's not all, according to the report published by Central Bank Digital Currency ( https://www.bis.org/publ/othp33.pdf ) central banks are working on their own digital currency.
China is working on its own digital currency so much that it has already experimented with the use of the currency in the city of Shanghai, giving around 100,000 residents 200 renminbi .
And finally, there would be the statements of the President of the United States to consider. Joe Biden has plans to regulate cryptocurrencies and the consequences are yet to be verified.
In conclusion, cryptocurrencies and blockchain in general are an evolving technology, the interest of which is high and undeniable.
Like any new technology, the future is uncertain and this requires maximum prudence in investments by not exposing yourself more than you can afford to lose .
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