The future of cryptocurrency.

[Kelward]

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?

I doubt that we can achieve a total cryptocurrency dominance over fiat currencies in the world by the next twenty years, this is because fiat currencies are the symbols and identities of countries and the whole nations of the world will want their legal tender to be their main transaction currency. This can mainly be possible if the whole countries of the world or atleast the superpowers decides to adopt one world currency and decides that it'll be a digital currency, then it can be Bitcoin. Probably in the next 100 years or above, maybe people will become tired of centralized currency, and they might advocate for crypto currency to take over from fiat.

[legiteum]

I doubt that we can achieve a total cryptocurrency dominance over fiat currencies in the world by the next twenty years, this is because fiat currencies are the symbols and identities of countries and the whole nations of the world will want their legal tender to be their main transaction currency. This can mainly be possible if the whole countries of the world or atleast the superpowers decides to adopt one world currency and decides that it'll be a digital currency, then it can be Bitcoin. Probably in the next 100 years or above, maybe people will become tired of centralized currency, and they might advocate for crypto currency to take over from fiat.

I don't share you pessimism for digital currencies generally, but only for centralized blockchain-based cryptocurrencies.

The reason Bitcoin hasn't taken over traditional currencies is not because of some worldwide government plot, not because people don't know about it, and not because there hasn't been billions of dollars poured on the problem.

Cryptos haven't taken off as a mainstream form of payment because they simply can't do it on a technical level. Bitcoin transactions can cost 30 US dollars and take 30 minutes. Other less-centralized approaches have cut that time and cost down, but it's still nowhere near where it needs to be to handle daily worldwide transaction volume, e.g. millions of transactions per second and tens of billions per day.

That's the bad news. The good news is that if you drop the "blockchain religion" and just create a centralized digital currency paradigm that is easier for end-users and will scale up to mainstream volume, you could truly envision it taking over and non-digital money being a thing of the past--and this will happen in just a few years, not decades.

[ajiz138]

Depending on the adoption of the country, if for example in the next 20 years many countries start accepting cryptocurrency, more transactions will be used in crypto than fiat because of the ease of doing it, but it is still difficult if all cryptos will be adopted except bitcoin as one of them.

So cryptocurrencies will still continue to increase from year to year especially in the next two decades, of course the changes in the banking system will definitely change but we never know what happens later, but I am sure where crypto will develop even more rapidly.

[Churchillvv]

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?

Basically, it would be predicted that cryptocurrencies will take good percentage of day to day transactions in the society but from my perspective and in the interval which you specifically mention I can't really tell what will be the out come.

From the efforts the governments are puting to regulate the crypto space I wouldn't be confident enough to predict what will be the nearest out come in 20yrs. although it maybe that the future generations will be mostly be part of cryptocurrencies but in this current generation the government are trying to put Bitcoin and the rest of the coins that are mostly decentralized in to extension that people will not longer be able to do transactions freely around the world but I'm also very optimistic about Bitcoin and I believe it's going to prove the centralized authorities wrong.

[Volimack]

Most countries have not clearly defined the legality of bitcoin preferring to take a wait-and-see approach. Crypto transactions will be easier for countries that have implicitly agreed to the legal use of bitcoin by overseeing some regulators. It will be more popular than fiat because the individual will be able to complete the work as he wishes without any controlling agency. As time goes by the demand of crypto will increase and the future of crypto is very bright.

[legiteum]

Most countries have not clearly defined the legality of bitcoin preferring to take a wait-and-see approach. Crypto transactions will be easier for countries that have implicitly agreed to the legal use of bitcoin by overseeing some regulators. It will be more popular than fiat because the individual will be able to complete the work as he wishes without any controlling agency. As time goes by the demand of crypto will increase and the future of crypto is very bright.

Crypto is 100% legal in the US and in most countries.

The problem is not legal, it's technical. Something that takes 30 minutes to complete one transaction will never EVER be a mainstream transaction platform.

[MFahad]

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?

I think at least online shopping especially from broader country will be start in cryptocurrency. 10 years ago ,no very fews people knows the usecase of btc and now everyone preferred to use crypto over fiat in buying online package. The youtubers and influencers who were spamming about crypto scam due to less knowledge now taking support of crypto to increase their fans. The trend is real and everyday crypto transaction hits new record. Many people in my country working jobs in the broader country. When they send payment through any service,they have to pay high tax fee , The other option is to send through any relatives and friends but it's not safe and also cannot send in emergency. Crypto payment is fast, secure and could be recieved anytime. The more people familiar with Internet, large number of people will use crypto for transaction and I hope in 20 years everyone will use crypto for daily transaction, at least one time in day.

[DeathAngel]

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?

I think it will take a long time until the amount of financial transactions in crypto outweigh the vast amount that there is worldwide in traditional fiat currencies. In 20 years I think we can easily predict that the use of crypto will be a lot more widespread than it is currently. We are all still early so let’s take advantage of that & hodl until we have generational money.

[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?

Basically, it would be predicted that cryptocurrencies will take good percentage of day to day transactions in the society but from my perspective and in the interval which you specifically mention I can't really tell what will be the out come.

From the efforts the governments are puting to regulate the crypto space I wouldn't be confident enough to predict what will be the nearest out come in 20yrs. although it maybe that the future generations will be mostly be part of cryptocurrencies but in this current generation the government are trying to put Bitcoin and the rest of the coins that are mostly decentralized in to extension that people will not longer be able to do transactions freely around the world but I'm also very optimistic about Bitcoin and I believe it's going to prove the centralized authorities wrong.

The huge challenge with cryptocurrency is the government, they just want to control everything even to our bedrooms which is very crazy. They overlook the advantages that cryptocurrency posseses only concentrating on the regulatory and centralized power they are denied of by the digital currency otherwise 20years from now ought to be feasible for crypto investors to be with certainty that cryptocurrency would have by then penetrated and sink into all financial levels doing business in the society.

[|MINER|]

The use of cryptocurrency is increasing day by day and its demand is also increasing.  No one can say for certain what will happen in the future, but it is expected that it will bring many positive changes and increase its use in most countries of the world.  Its value is expected to increase further.  People will be more interested in investing in cryptocurrencies.  It is expected that the price of Ethereum will also increase a lot. Those who are investing now can expect to get the desired results after 20 years. But nothing can be said for sure. Because none of us know what is going to happen in the future.

[legiteum]

The huge challenge with cryptocurrency is the government, [...]

What government are you talking about? In my country (USA), Bitcoin is 100% legal to hold, transact, buy and sell. That's also the case in almost every other major country. Even in China you can buy and sell Bitcoin as an individual, you just can't hold it if you are a bank.

The huge challenge with cryptocurrency is technical limitations that make it impractical to use in a mainstream way.

[NNRR]

In fact, no one can say for sure what position cryptocurrency will be in 20 years from today, but the way it is developing or the way people are showing interest in this cryptocurrency, maybe in the future every person in the world will become very dependent on this cryptocurrency because someday it will be seen that in the world  Cryptocurrency is being used as the main currency

[God bless u]

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 the technological advancements and innovations around the globe, it's pretty evident that the world is moving towards complete digitalization, however, we can't be sure what role cryptocurrencies will play in that era because governments and central authorities in most parts of the world are in no way ready to welcome cryptocurrencies to be a part of the economy and allow their users to freely buy, sell, store, or use cryptocurrencies in their daily lives.
It's not just about adoption when it comes to this matter, cryptocurrencies can't be used for transactions just because people adopt them or like them, they can only be used for such things if those in power allow it to happen and that is barely going to happen easily. Things might change after a couple of decades, but some things might stay the same.

[JayTrain]

I believe that cryptocurrency has the potential to become widely used in the financial sector and even penetrate into other areas of life. However, regulation remains a key obstacle. Until clear legislation is established, many will remain cautious. But with increasing understanding and development of infrastructure, cryptocurrency could change our interaction with finances and other spheres.

[AVE5]

Crytop Will go a very wider spread within this margin but wouldn't be so easy to supersede the fiats within such range of time. That is if really it would in times ahead. There are lot of countries that are biased with crytop currencies considering that it is a decentralized and a self-custodial currency which the governments authorities can't take control of. So if eventually crytop currency in transactions tends to have dominion over the fiats at where the government especially the authorities are not benefiting from the technology system, they would surely put a hold to it either a ban, suspends or have it a permission condition before further crytop transactions can proceed exceedingly in that country.
Otherwise, it would be challenging for crypto transactions to even challenge the fiats in exchange of transactions because there are more of fiats literates than crytop literates which personally the world can't force in everyone like they are going back to school just to study about the crpto currencies.

[AnonBitCoiner]

We don't know that will there be any use of crypto or not because it depends on the utilities, success and acceptance from the people. The more people are moving towards crypto more it will become successful. 20 years are still very far and here we don't know even about a second so how we can predict the future of crypto but still it is clear that if it remains successful then people will adopt it more.

Fiat has its own place and value so I don't think that cryptocurrency transaction can be more than fiat or will be replace fiat but it may be possible that in the countries where it is banned will unbanned crypto if its uses become acceptable all over the world.

[Makus]

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 obvious that cryptocurrency is growing day by day, and we have more person beginning to learn and adopt a coin. But I can't say for sure that crypto would be more traded than fiat currencies in the next couple of years because, most Civilization has refused to adopt crypto and 90% of the time, it's the government who has compelled its citizens to keep off crypto trade or any activity in regards to cryptocurrency. And if a citizen tries to go against the will of the government it could lead to punishments like blocking of your banking service.

[Belarge]

I believe that cryptocurrency has the potential to become widely used in the financial sector and even penetrate into other areas of life. However, regulation remains a key obstacle. Until clear legislation is established, many will remain cautious. But with increasing understanding and development of infrastructure, cryptocurrency could change our interaction with finances and other spheres.

The financial sectors do need the presence of cryptocurrency but these influential government incharge will always finds other means to control their budgets, they don't mind eliminating every pave means to link their projects with crypto, they fear cryptocurrency will surpassed their fiat currency. However no matter how hard they tried to permanently remove the origins of crypto, it will always stand tall in everything, it have come to stay and there's absolutely nothing anyone can do to stop or spurn the growth of popularity of cryptocurrency.

[wheelz1200]

Little by little crypto is going to become a form of payment.  But more so as an easy way to move money quickly and cheaply internationally.  Now that in the US the bitcoin etfs got approved, mainstream folks can now get involved.  Once the mass public has skin in the game, companies will be energized to make crypto a lot easier to use than it is now for some people who are technically challenged. 

[Bushdark]

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 future of the crypto market is huge so we must be ready to start benefiting from the market buy buying and holding altcoins but Bitcoin nee to be among our crypto portfolio so that we can make money from the market with ease.
This is just the beginning, by the time the price of Bitcoin hit 100k, many of our holdings would be i huge profits and those holding Bitcoin would be in massive profits.