This can’t be predicted what stocks in the S&P 500 will do one month from now, or in two years, however throughout the long term, we have a very decent hunch that they’ll go up. The vast majority of us additionally know what a stock is, and that definition hasn’t changed in hundreds of years.
None of that is valid, obviously, with cryptocyrrency. Some foresee the coins will everlastingly change how we comprehend and associate with cash and others caution of a threatful bubble.
Yet, whatever an individual figures for crypto money, it’s getting harder to envision a future without them.
News outlet asked specialists from different departments to portray their vision for the crypto. Visions of exeprts for crypto in 50 years have been complied below for brief understanding.
“Cryptocurrencies will disrupt traditional finance because one of their most attractive utilities is the ability to efficiently transfer payment across borders with little to no cost, delay or foreign currency fluctuations. With respect to bitcoin, 50 years is a long time and bitcoin could either become the world reserve currency or the next AOL that made a lot of people wealthy until it was unseated by better technology,” Ivory Johnson, certified financial planner and founder of Delancey Wealth Management stated.
“Way before 2071, the dollar will have more in common with a crypto than with silver or gold, so there is no need to doubt the longevity of encrypted algorithms as stores of value and media of exchange. All money is a form of encryption. It’s been that way from the start, and as our lives converge ever more closely with the digital universe, the drive to invest in tokens will only accelerate. Ironically, that impulse will connect us to primitive instincts, and do its part to keep us human,” Frederick Kaufman commented.
“Cryptocurrencies like bitcoin have proven themselves useful for money movement and speculation, and they’re unlikely to go away. But where and how we’ll generate the energy to meet the demand of a growing crypto market is worth considering, as well as whether state-actors who view it as a competitor to fiat power will make it even more of a black-market commodity,” said Dan Egan, vice president of behavioral finance and investing at Betterment.
“Central bank authorities are busy developing regulations on cryptocurrency. They recognize that digital currencies are native to the digital economy and, as such, are on their way to becoming mainstream in the next 10 years,” Dragan Boscovic, founder and director of the Blockchain Research Lab at Arizona State University visioned.
“Sorry. I decided a while back that I’m too old for this issue,” Barbara Roper, director of investor protection for the Consumer Federation of America told.