Hi everyone,
I have some thoughts about the future of cryptocurrencies. At some point, even if they do not get to be regulated, still the countries will have somehow their own digital currencies issued. How do we make sure that BTC will dominate the respective national cryptos of each country? Or BTC will eventually turn entirely into an asset, leaving space for other currencies as means of payment?
Simply thoughts about the future from a new guy.
The future of crypto currencies at this time still remains in a dicey scenerio at this time but your fear is a valid one though because at some point when government decides to accept the reality of crypto currency, they would surely come up with their own crypto and because of the power of legality, the media to push it, the agency to enforce it, its more likely that those might be more popular than the bitcoin or other crypto coins that we have now.
However, if there is any consolation, there is one thing that btc will have that those wont have which is the anonymity and control. We all know that when government comes with their currency, there control will surely be present and I dont expect some already involved with this current situation be appealed with whatever is coming. Another reason is that so far one country launched its own crypto, I am sure others are towing the same line which then means they would be competing against each other and while the local crypto might be winning in their respective countries, btc will have its way internationally.