The future of cryptocurrency.

[letteredhub]

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?

[Essential10]

Nowadays the adoption of cryptocurrency is increasing day by day. The future of cryptocurrency over the next 20 years or so is difficult to predict with certainty. But I expect there will be a big change in cryptocurrency, a time may come when people will become popular in crypto currency transaction. About 4% to 5% of the world's population is involved in crypto currency transaction. I think it's still far from the fact that crypto currency transactions will outpace fiat. I doubt this will happen not in the next 100 years because fiat currencies are the most used in global transactions in the world. Cryptocurrency transactions will overtake fiat currencies, which is possible quickly if only major global countries show interest in cryptocurrency transactions.

[deathcode]

we will never know what will happen in the future. but when more and more business people are aware of the growth and development of business with blockchain networks. I think adoption will continue to increase as time goes by.
This is not an easy matter when the government still limits the use of crypto transactions. But as long as it doesn't replace fiat as the main means of payment transactions, it shouldn't be a problem. Moreover, the imposition of taxes on transactions and ownership of crypto assets is also implemented in several countries.

[legiteum]

The future is centralized. For most users of Bitcoin and other cryptos today, it is already effectively centralized since most people use some kind of broker or app that has their name and address connected to a database entry representing their holding. What this tells me is that most consumers don't care about "decentralized" and probably most don't even know what that means.

The other factor will be scalability. Decentralized architectures simply cannot scale to anywhere near the level necessary to handle worldwide transaction volume. None have even come within several orders of magnitude of the necessary scale, and after over 13 years of trying, I think it's time to concede that there's no magic that's going to overcome the speed of light limitation.

Bitcoin and cryptos have shown that consumers want memes to invest in, and they would really love it it if they could have anonymous small transactions e.g. internet cash--something that a lot of people thought cryptocurrencies would do only to find out that they don't really work.

A centralized architecture solves the scalability problem when it's done right (e.g. you ditch blockchain, which makes no sense in a centralized architecture). This approach allows digital currency to truly supplant all current sovereign physical currencies and all credit card transactions. In other words, it could actually take over the billions of worldwide daily transactions that are done today.

Haypenny is an example of a centralized digital currency usage paradigm and architecture and it's WAY easier to use than blockchain-based currencies since you don't need a key pair (or any other kind of identity): it's like pure internet cash. Once users get used to the speed and ease of use of centralized non-blockchain digital currencies, I think a big chunk of the market will move over to it.

[aleksandrvo]

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?

It's like telling fortunes with cards. Nobody knows what will happen. Only fantasies. I think that in 20 years the cryptocurrency will only strengthen, but there will be other trends. For example, each country will have its own national cryptocurrency. In this case, yes, there will be more transactions in cryptocurrency than in fiat.

[FatFork]

I think it's really important for crypto to go mainstream.  Right now it's still pretty niche - like, can you imagine if your grandma could easily buy her groceries with bitcoin? That would be wild.  We'd probably see way more user-friendly apps, more stores accepting different cryptos as payment and just overall wider adoption.  

As for totally replacing regular fiat money? Hmm I'm not sure and  crypto obviously has some good things going for it - transparency, security, and all that.  But fiat currencies like the dollar have a ton of infrastructure and government support behind them. I'd guess they'll probably coexist filling different needs for people.  Kinda like how cash and credit cards do now - both have their place.  

But here's the really exciting part - crypto creates possibilities for completely new economic models and systems! Things like microtransactions, crowdfunding, decentralized versions of apps we already use today.  So while I can't predict exactly how it'll pan out I think one thing's for sure: crypto is here to stay and its gonna keep pushing boundaries!

[btc78]

It is hard to tell what will happen especially in a specific time period. Even people from before thought we would have flying cars by now. However I do see that development is constantly happening in our world. It is not only constant but it is also fast changing. Web3 is already such a step ahead in terms of development and who is to say that cryptocurrency would not be out future?

Even Fiat money is now put in digital wallets because it is more convenient. I believe that cryptocurrency will also be used by a lot of people for convenience. Along with privacy of course. I know that cryptocurrency will stay and will be used by vast majority of people. It all depends on how each government will react to cryptocurrency. Will they embrace or stand against evolution?

[batang_bitcoin]

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?

No one knows. As for Satoshi, he said this for Bitcoin.

I'm sure that in 20 years there will either be very large transaction volume or no volume.

And while this is for Bitcoin, we all know how influential Bitcoin is for the whole market. So, if there will be large transactions for Bitcoin by that time then so as for the altcoins too. Otherwise, there might no volume at all.

[tsaroz]

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?

Seeing how the current crypto adoption and technology is maturing, I believe most of the financial transactions in the next 20 years would be carried out with crypto. With stable coins and other coins being able to transact easily at fraction of cents, people would be sending and receiving anything with value and get the stable or coin they want through bridging. The only obstacle are some autocratic governments but with the support of people, they would either need to embrace crypto or create a closed society for themselves like north korea.

[fapar]

It is hard to tell what will happen especially in a specific time period. Even people from before thought we would have flying cars by now. However I do see that development is constantly happening in our world. It is not only constant but it is also fast changing. Web3 is already such a step ahead in terms of development and who is to say that cryptocurrency would not be out future?

Even Fiat money is now put in digital wallets because it is more convenient. I believe that cryptocurrency will also be used by a lot of people for convenience. Along with privacy of course. I know that cryptocurrency will stay and will be used by vast majority of people. It all depends on how each government will react to cryptocurrency. Will they embrace or stand against evolution?

I also think in this direction. Cryptocurrencies should occupy their niche, similar to electronic money, convenient for payments on the Internet. Payment for subscriptions and other electronic goods. But I see such prospects only for stablecoins. Let me give you a simple example: in your country, crypto is being legalized and local stores are starting to accept payments in ETH; a roll of toilet paper costs 0.0004 ETH, but today the cost of ETH is $2500, and tomorrow it is $3000. That is, as long as we are tied to some kind of fiat currency (because any product needs to be produced and delivered), we will not be able to truly freely use cryptocurrency.

[Dailyscript]

where do you all see the future of cryptocurrency in the next 20years or more from now.

Let me quickly tell you the truth. Cryptocurrency is the future. There is no limit to which the digital form of money can reach. If we look at how far it has gone within these years, we should be able to understand that in the next 20 years, it will be truly accepted by government agencies globally. All country will adopt this new technology since there will be a time where we cant do without it.

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?

Seeing how the current crypto adoption and technology is maturing, I believe most of the financial transactions in the next 20 years would be carried out with crypto. With stable coins and other coins being able to transact easily at fraction of cents, people would be sending and receiving anything with value and get the stable or coin they want through bridging. The only obstacle are some autocratic governments but with the support of people, they would either need to embrace crypto or create a closed society for themselves like north korea.

If the government is too proud to embrace it before the next 2 decades, they might just end up pegging their local currency to the digital currency. It could be their local currency, but in digital form. No paper money might exist.

[bitzizzix]

Even though we don't know for sure what the future of crypto will be like and whether we will still be in this world in the next 20 years, I think the future can be said to be very promising.
Because technology in crypto is increasingly developing and continues to be popular and of course this will continue to develop following technological developments, and problems that we don't yet know about and existing shortcomings will be resolved as time goes by. And maybe in the future many people will use crypto transactions because of their convenience and speed and make it easier to overcome fiat shortcomings and perfect them.

[bluebit25]

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?

Honestly, I'm not a prophet to talk about the future too easily, but I can speculate that it may be very good and/or will not exist. We can find countless reasons why things will happen as desired, but more realistically, the story is too farfetched, like what will you think about your life 20 years from now? This is your own story, and you can't be sure, so don't be too confident or argue with external things that it will work according to your thoughts.

I also very much support and hope for the development of bitcoin, but it's nothing . Like a child who loves a piece of candy, it cannot help make that candy manufacturing business strong or fall, but also agree that the power of the crowd can change, and as mentioned before, there is also no guarantee it will receive more support/or more opposition, returning to the present that today I still see 1 bitcoin = 1 bitcoin.

[Sophokles]

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?

Crypto are already in the process of mass adoption as a service, but I think we still need a few more cycles for them to be used as currencies. Although in some countries the crypto version of our fiat currencies is in use especially in those places where inflation is out of control, for government level adoption, i think we need more time to educate society about the usefulness of blockchain technology and why it is important. This is a slow process but it seems inevitable.

[Mate2237]

can you imagine if your grandma could easily buy her groceries with bitcoin? That would be wild.

That is the last stage of cryptocurrency in which everyone is waiting for. Once cryptocurrency is accepted by the market women then the financial revolution will be resolved at once. But it will be hard for our grandmas to use cryptocurrency unless they will have someone behind to assist them. So fiat will still be use side by side with cryptocurrency because not the Grandmas and Grandpas.

We'd probably see way more user-friendly apps, more stores accepting different cryptos as payment and just overall wider adoption.  

That is true, apps that can make things easy for all will be created.

As for totally replacing regular fiat money? Hmm I'm not sure and  crypto obviously has some good things going for it - transparency, security, and all that.  But fiat currencies like the dollar have a ton of infrastructure and government support behind them. I'd guess they'll probably coexist filling different needs for people.  Kinda like how cash and credit cards do now - both have their place.

As I said fiat currency with cryptocurrency will work together side by side and the easiest way they can do is to convert your cryptocurrency to your fiat currency instantly without selling to a vendor. At this stage to use cryptocurrency will be very much interesting. And I believe that time is coming in the future, so this is the best time to know cryptocurrency so that when the time come comes, they will not be novice in the ecosystem.

[Nrcewker]

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?

Cryptos are the future. Yes if it run on decentralised network like Bitcoin is working, then I am sure more people will adopt to it. All people like to manage their finances independently. Hence they will love to keep their money in the form of cryptocurrency. Moreover everything is moving to online, hence people will show more interest in investing in cryptos. Lot many people will also invest, as they are seeing too many profits coming from the crypto coins.

[2Pizza410000BTC]

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?

The popularity of cryptocurrency is increasing day by day and if it continues to increase day by day then surely in our next day cryptocurrency will bring many benefits to every human being. Although different countries have given a lot of positive news about cryptocurrency, there are still some countries that do not know what cryptocurrency is.  But after 20 years I think cryptocurrencies will gain a lot of popularity.  For which we can never imagine.

[Dr. Strange]

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?

 If you notice nowadays most of the electronic money is done because it includes blockchain and very easily many big companies transact through it more secure. If you look at this or that direction, you can understand how much influence cryptocurrencies can have after the next 20 years. I can say that in the future more people will be using cryptocurrencies than they are now.

[letteredhub]

can you imagine if your grandma could easily buy her groceries with bitcoin? That would be wild.

That is the last stage of cryptocurrency in which everyone is waiting for. Once cryptocurrency is accepted by the market women then the financial revolution will be resolved at once. But it will be hard for our grandmas to use cryptocurrency unless they will have someone behind to assist them. So fiat will still be use side by side with cryptocurrency because not the Grandmas and Grandpas.

I don't worry about the very elderly not been able to make use of cryptocurrency as it's very possible they can learn as there's no much of a  difficulty in the process, they can through the idea of fiat transactions they have been used to find it easy to make use of crypto. Where the worry should be coming from is in the aspect of transaction fees assuming where I want to spend a dollar to buy a grocery what could the transaction fee for it be using crypto.

[snowpega]

The new generation is adopting these trends which include online marketing, Cryptocurrency, and so on, and the new generation is influencing these earning trends to the elder generation as well like I have seen some cases like that where the son is doing work in cryptocurrency and he is advising his father to come in the field of cryptocurrency so in this way the adoption of cryptocurrency is increasing day after day.

Along with it, there is not degree required to come and enter in this field and start earning money. You just need to have good knowledge which includes Good Technical analysis and Fundamental analysis. In the space of cryptocurrency knowledge is the power like more knowledge you have more you can earn here besides that more knowledge you have always be counted as less which means you are always in the learning phase in the crypto space because of the unpredictable market sentiments. You are your own boss here because you are earning alone under no organization, company, institution. So, in short the future of crypto space may bright in the coming future other than that wait for this moment where we all can see this moments of crypto industry.