WHAT DO YOU THINK WILL HAPPEN TO CRYPTOCURRENCY OVER THE NEXT DECADE

[Berryfolia]

I think there will be 3 massive changes

1. REPLACEMENT OF FIAT AND BITCOIN.
Have a look at this infographic,

http://i2.wp.com/money.visualcapitalist.com/wp-content/uploads/2015/12/all-the-worlds-money-and-markets-dv.png?

Taking into account that all gold in the world is worth $7.8trillion, all money $28.6trillion, stocks markets $70trillion and a global crypto market cap between $28.6 and $70trillion is not unrealistic.

That is only if crypto actually replaces FIAT.
So,let’s say that crypto grows by 150x from today $300Billion to $50Trillion.

I also don’t think that Bitcoin will be around at that point still, some say it will function as digital gold but the tides can change extremely quickly in crypto.

So,when one cryptocurrency manages to gain mass adoption,Bitcoin could decline by 98% within 3 years quickly.

Maybe by then,Bitcoin will find its maximum at $70,000-$100,000 within next year since all bull runs make 17x returns on Bitcoin on average. Then,the 70% crash will come,like with all bull runs on average back to $21,000-$30,000 and then it will probably stay between $20,000 and $40,000 for a few years,but then slowly lose market share again.
Since Bitcoin technology is pretty bad and if Bitcoin doesn’t become 1,000x more scalable,more energy friendly,more decentralized and more faster it will disappear.

The way it looks right now, I don’t see it being able to catch up with other cryptocurrencies which innovate 5x faster than Bitcoin,Bitcoin is just too slow to innovate.
They have hundreds of developers and every change needs to get signed off by the community and this paralyses innovation.

2. IMPLOSION AND RECOVERY OF THE BANKING INDUSTRY.
Since the main service of bank is storing money,likely its services will not be needed anymore within the 3 years,80% of bankers will lose their jobs and 80% of banks will probably have to shut down.

However,a few banks will survive,the ones which create services around cryptocurrencies such as loans, payment gateways,consulting and security improvements.

3. IMPLOSION OF VERY LARGE INDUSTRIES AND SUBSEQUENT RESHAPEMENT.
The blockchain will have the impact on a very complex industries, where there are lots of gatekeepers and middlemen that take out money and put it into their own pockets.
Then blockchain democratizes everything and take the power from very few to the many.

And there are 12 industries that i identified as such,these are;
1. Voting
2. Healthcare
3. Gambling
4. Pension funds
5. Energy
6. Gaming
7. Real-Estate
8. Lending
9. Ticketing
10.  ISPs
11.  Decentralized Storage
12. Security Identification

Conclusion;
1. Crypto will likely balloon to a $50trillion market cap from currently $300billion.
2. Banks will likely implode and completely reshape.
3. Many more industries will likely implode and completely reshape.

[Wiwo]

Regardless of how progressive bitcoin have been, we must understand that bitcoin will never replace the traditional system because bitcoin is never created for that purpose,, global financial system is controlled by the money printing government and at rhat they will keep printing trillions pf dollar's year in year out so tgat they dont run out of business.

For me bitcoin price and value will definitely multiply in many numbers, and the informal adoption of bitcoin by the citizens will increase significantly, but i am sure  in the next decade bitcoin will not replace the world financial system, bitcoin will be a successful alternative to fiat's system agree with that.

[Marvelockg]

You've made two major statement that are completely false and far from what will play out in the future or decades to come. The first is the assumption that crypto will replace fiat and the second is your believe that bitcoin will go down to the zero point in the next decade. Fact is that those kind of assumption are too extreme and even though we can't be too certain of what will play out in the future, it's obviously that crypto cannot completely replace fiat neither will bitcoin go completely extent while crypto remains.

It would have made more sense if you are particular about a coin you think will continue booming while bitcoin goes extinct. That bitcoin has continued to move a bit slow doesn't mean that it's going to with time go extinct. The direction it's going at is upwards so what we ought to even consider should be that in the next couple of years, bitcoin would have surged really high and not the reverse where you think it's going into extinction. I don't even see that kind of thing ever happening.

[iBaba]

I went through your article and what I know is certain is that  as the technological advancements are gaining massive attention, there will be a massive shift over a period of time but that shift or transition will not face out the traditional fiat currencies, but will bring us to a hybrid financial world where the CBDCs, stablecoins and other centralized and decentralized digital assets will coexist strongly wit the fiat currency. Already the central banks are evolving their fiat to evolve into digital currencies like CBDCs so I know that will gain more relevance in the coming years because governments.will.still want to control over their monetary systems rather than allowing cryptocurrency to take full control. For bitcoin, I think it will not continue to dominate forever, I think a time.will come where bitcoin may lose its dominance, but it will surely remain in the position of a digital gold.

For banks, I am sure banks will receive the heat but in the effort not to vanish, they will want to bring in services such as crypto native financial service providers and I see firms such as Monie Point and Opay as those who will be leading such financial revolutions in the sector. One thing I also expect and I think you're not far from the truth about the industries getting disrupted is that the blockchain technology will force the traditional sector to be more efficient and transparent with their financial systems. So this development isn't going to cause any destruction in the future but will further bring about transformation in the financial industry especially with the continued relevance and adoption of the digital assets.

[fredericktaylor]

Regardless of how progressive bitcoin have been, we must understand that bitcoin will never replace the traditional system because bitcoin is never created for that purpose,, global financial system is controlled by the money printing government and at rhat they will keep printing trillions pf dollar's year in year out so tgat they dont run out of business.

For me bitcoin price and value will definitely multiply in many numbers, and the informal adoption of bitcoin by the citizens will increase significantly, but i am sure  in the next decade bitcoin will not replace the world financial system, bitcoin will be a successful alternative to fiat's system agree with that.

Right, the price of Bitcoin will increase a lot over time, but from my point of view, Bitcoin will not be able to completely take over the entire world's economic system, because that is not the main purpose of creating Bitcoin. Bitcoin was never created to change the rules of governments or the main power driven by big banks.

According to various researchers, the use of Bitcoin will definitely increase worldwide in the next ten years, but it will not be able to change the entire world's economic system. Bitcoin will work as a great alternative to fiat currency worldwide.

[Merit.s]

Maybe by then,Bitcoin will find its maximum at $70,000-$100,000 within next year since all bull runs make 17x returns on Bitcoin on average. Then,the 70% crash will come,like with all bull runs on average back to $21,000-$30,000 and then it will probably stay between $20,000 and $40,000 for a few years,but then slowly lose market share again.
Since Bitcoin technology is pretty bad and if Bitcoin doesn’t become 1,000x more scalable,more energy friendly,more decentralized and more faster it will disappear.

The way it looks right now, I don’t see it being able to catch up with other cryptocurrencies which innovate 5x faster than Bitcoin,Bitcoin is just too slow to innovate.
They have hundreds of developers and every change needs to get signed off by the community and this paralyses innovation.

No dey spread FUD of bitcoin everywhere because e show say you no understand how bitcoin dey work. Who tell you say another coin go come out wey go fit pass bitcoin and say bitcoin price go dey stable within 20k-100k range in future. Abi you no know wetin dry make price of commodity dey increase in value. Na because of demand and supply. Bitcoin get limited supply of 21 million, and for every halving wey dey be for every 4 years, the quantity of bitcoin wey miners dey get as their mining reward dey short with 50%. That na wetin go dey make bitcoin price dey shoot up overtime.

Wake up, make you see as big companies and government dey rush bitcoin because them don see am as future wealth but the people wey no know go dey think say bitcoin go crash like you dey talk. We don hear all these stories since say bitcoin go die but bitcoin dey $118k like this. No be everything wey you read for internet, you go believe. Na for this forum you fit get the best knowledge and information about bitcoin.

Satoshi no create bitcoin to take over from fiat and that one no go fit dey possible because government no like am say them no fit control am because e dey decentralized.