The advent of Bitcoin's blockchain technology has opened up a world of possibilities that were never imagined. People can finally achieve financial freedom by being their own bank anytime, anywhere. In 2017, there was the ICO boom where crypto land was filled with hype with many companies launching their own business ventures. Everything has been about smart contracts, on-chain privacy, and Blockchain-based gaming. But ever since prices started to decline back in 2018, there has been a lost of interest into crypto and Blockchain tech from people in the mainstream world.
It's now 2020, where many exciting events are yet to come. Bitcoin will experience another reduction in its block reward (halving), while Ethereum becomes closer to adopting PoS into its blockchain network. The space is definitely maturing, but the level of demand is still a lot less than it was back in 2017.
Nonetheless, I'm curious to know what's the next big thing in crypto?
I see at least two scenarios. The first option is the further development of blockchain technology with the same development of cryptocurrencies, but here you need to understand that states can create their own cryptocurrencies and then those cryptocurrencies that we know can disappear or go by the wayside. The second scenario of the development of events is negative, namely, the blockchain technology will continue to develop, however, already without cryptocurrencies. Cryptocurrencies themselves will be sold to people in order to withdraw the maximum amount of cash to pay off the external debt of the United States. This is of course an unlikely outcome, but it does have a place to be.