Topic: The future of cryptocurrency. (Read 879 times)

I think nothing is impossible but currently it is difficult because many countries still have not accepted the crypto payment method but in future it will be useful in every country. If some countries have banned it then hopefully there will be a reason behind it and they will work to search about decreasing the risk and will soon accept after finding a solution.

Crypto base is strong because of Bitcoin and if someone desires to be a part of crypto then the reason behind it is the success of bitcoin. Everyone wants bitcoin investment but some of them are not able due to the strict rules of their country which will soon be solved and Bitcoin will be legally accepted by every country.

Even though it is impossible for cryptocurrencies to be legalized as official payment in all countries, I am very optimistic that cryptocurrencies will be the best investment in the future, this can be seen clearly if currently the public is very enthusiastic about cryptocurrencies, especially bitcoin, where bitcoin is currently a digital currency that is highly prioritized by everyone,

This topic was discussed in this forum several years ago because many parties, especially crypto users, really want to be able to carry out transactions using crypto currency. but so far only a few companies only accept payments using cryptocurrencies and only accept Bitcoin. and I predict that in the future there will be more cryptocurrencies registered as a means of payment.

The way everyone has started using it in the state of Tripura will have everyone in the future and everyone will increase its usage.  At present, it has not been adopted in all countries, like Bangladesh, it has not yet gone to Pakistan.  In that case, it is currently legalized in hundreds of countries and not legalized in a few countries because not everyone wants to invest or risk on it.  At present this token or whatever you do is more or less by word of mouth or by everyone.  I had this fairly good currency a few days ago, but not now, because my pocket is empty, but I hope to earn something good in the future, inshallah.  For the future I can say that Bitcoin is very well discussed and dependable withdrawal price is quite a bit of currency.

I am guessing that even people that are not serious about bitcoin are realizing that the early days are coming to an end, very soon bitcoin will become the playground of institutional investors all over the world, and while this will bring a lot of money to bitcoin on the short term, this will make it more expensive and it will become unaffordable for most people around the world, and I am sure there are many people that will regret not investing in bitcoin when they had the chance, but at that point there is no use at all to their regrets, as bitcoin gave everyone a fair chance to invest in it for many years and many people decided they had other priorities at the time.

No matter how many years pass, if cryptocurrencies stay alive and the industry stays in the distant future, I'm pretty sure that there will always be new projects and cryptocurrencies being launched and people in that era would also be saying the same thing as you, "We are lucky to be witnessing this and to be a part of it in its early stage."
We don't even know if Bitcoin and other cryptocurrencies would be available by then or not, maybe there will be some other technology that would leave cryptocurrencies behind and people in the future start using that instead of cryptocurrencies, who knows?

If we look at the wave of cryptocurrencies, we can see that cryptocurrencies will become very valuable in the next 20 years from now. Now that it has gained popularity like this if it has gained popularity then crypto currency will be very valuable where people will only use crypto currency and will use very little cash. As the world is developing, everything is moving towards the peak of development. Don't worry buy bitcoin, ethereum then hold ahead succeed future.

Cryptocurrency is getting more awareness everyday and people are having interest in it which they are engaging themselves into it. I think in the next few years cryptocurrency with take a large portion of space over the fiat because cryptocurrency is really solving the problems that people are facing right now. In many countries fiat is losing value constantly,  this is one of the the reason people will embrace cryptocurrency in years to come

In my opinion, there is bright future for cryptocurrency ecosystem. As at 09/03/2024, Coinmarketcap, for example, indicates $2.6T market cap. A strong indication that many people own assets in the crypto space. That is a strong indication of increase in adoption. Though some governments may try to fight crypto for now, I foresee a time when crypto adoption will outweigh fiat as a system of finances. Currently, country like El Salvador have adopted the use of crypto, and other countries are following suit. Korean country, Joseon have adopted cryptocurrency Jesoun Mun (JSM) as a national currency, the first in the world (https://coinmarketcap.com/currencies/joseon-mun/#About). The crypto space have a bright future.

Yes, I totally agree with you. Many rich people who used to say that Bitcoin was a scam have started to adopt Bitcoin in recent years, such as Blackrock ETFs and other big companies. Because of this, many people want to start or learn what cryptocurrency is and start investing in crypto from this. We know that there is a lot of positive sentiment about cryptocurrency now

I agree that there will be plenty of improvements on blockchain and bitcoin world. I think as long as we can make it both something very secure just like right now, but also something that is instant or at least near instant, like less than a minute as you said, and something that takes like just 10-20 cents per transaction, then there is no way that it can't be bigger than 500k and go above gold marketcap.

Even at this point the way it is right now, it could pass it eventually, but if that happens then things will change. ETF world will change it as well, because it's going to bring tens of billions of dollars into bitcoin market as well. So combine these two and the future looks quite bright for bitcoin without a doubt.

Just like most investors thought, cryptocurrencies will be our next money and there will be no stopping it considering its security and preventive measures against 3rd party platforms to control our money. Crypto is the future and that's the easy way to explain it and we are considered lucky enough to witness these things at their early stage where we can take advantage of it and invest as much as we can as long as we can afford to lose it. Of course, that's just one way to explain it and that's how I speculated even nowadays, you can see that crypto is gaining popularity and trust from the people.

but I have confidence that in terms of transactions crypto will never be able to beat fiat. Even when compared with fiat circulating throughout the world, the current value of crypto is still far below. As you said, crypto can only be used as a payment option which is not in accordance with regulations because crypto functions as an investment, not a means of payment. therefore I am sure that in terms of transactions crypto will not be able to beat fiat.

Bitcoin does not really need to replace fiat, as long as we can use it to transfer value from one side of the world to the other in a matter of minutes, bitcoin will have accomplished what Satoshi envisioned, this idea that bitcoin will replace fiat came not from Satoshi himself but from other people that are overenthusiastic about bitcoin, not that there is anything wrong with that, but they are expecting too much out of bitcoin and seem to believe that governments are way weaker than what they really are.

Until today, the adoption of Bitcoin has been widely carried out. In the future, we never know what will happen to cryptocurrencies.
we can only enjoy the ongoing processes in the digital world of crypto, now the era of modern technology is no longer the same as before when people were still unfamiliar with the internet. In the future, it seems that cryptocurrency will not be able to replace fiat in exchange.

Yes, I think it's still promising, definitely promising. Because cryptocurrency has developed widely over time and continues to be popular, apart from that, in my opinion, currently its use can be said to be like the use of currency in general and is also a promising investment that can change someone in financial terms. If they do it well and correctly by having knowledge and understanding as well as research and other things related to investment.
And the only problem that has occurred so far is that some countries have rules and regulations for their users, as well as restrictions on the use of cryptocurrencies. And it is possible that in the future many countries will accept crypto without competing with fiat because the two will go hand in hand and complement each other.

You're absolutely right cryptocurrency future is very bright considering the total numbers of people that cryptocurrency has gained in the industry and it has really change the life of some people,it also create investment opportunities and that is how people keep profiting from every investment they make,let me use bitcoin as example there are some person who invested heavily on bitcoin when it has no value and they where patent enough to reserve it till this time considering the current value of bitcoin, I think this set of people are billionaires by now.

Personally believe that while we can't foresee the future, the growing awareness among business professionals about the benefits of blockchain networks will lead to increased adoption over time. Although governments may restrict crypto transactions, as long as they don't replace traditional currencies entirely, it shouldn't pose a major concern. Additionally, the introduction of taxes on crypto transactions and assets in various countries indicates a shifting regulatory landscape that we should adapt to.

What a precise one-liner, lol .

There is no doubt that the future of cryptocurrencies is bright, we can see how much popularity the cryptocurrency industry has gained thus far, and the popularity keeps increasing over time because cryptocurrencies provide a great investment opportunity to the masses and people are always eager to earn money, if they get a chance to earn money while relaxing and by just buying and selling assets, they would be more than happy.

This is the reason why cryptocurrencies are so popular and they tend to become more popular in the future. So, you are right that the future of cryptocurrencies is bright.

There is a direct relationship here: fewer usage opportunities = fewer transactions. It is difficult for an ordinary person to use something (crypto) that at the end of the transaction (even if it is a few seconds or a minute) may already cost more or less than the original cost of the product. After all, when we pay for something, consciously or subconsciously, the cost of the goods is converted by us into USD. And 1$ is always 1$.

I feel like it is also about improvements on it as well. Imagine banking system being something similar to what it was back in the day, in this world, do you think people would use it? Like you write a paper to a bank, deposit your money, get a signature, then you take that money, go to a shop, you give that money, the shop owner calls up the bank, gets approval, writes something, you both sign it, then the shop owner goes to bank, shows the paper, and gets their money if they want to.

All these takes a huge time, and right now we just use a credit card or wire transfer and we are done, takes less than a minute. This is why I honestly believe that the innovations on blockchain that will improve bitcoin could make it spread even further, just like how it happened to banks.

yes that is the reality now and for the future we still don't know what will happen to crypto. Even though there are still many countries that have not provided full regulation on crypto, crypto can still be accepted as an investment currency and this is good enough. fiat is still at the top and is still the main transaction, crypto is only an additional transaction that can be chosen or not according to regulations or each person's wishes.

The future of cryptocurrency is very bright, when it comes to financial sector and is a global digital assets that acceptable as one amount price at any given time of trading, investment and rewards payment system as the case may be. Therefore, the future of cryptocurrency is beyond what human expected from the outcome of price increase.

I don't think cryptocurrency transactions will be able to beat fiat transactions. Cryptocurrencies are not legal tender and cannot be used for buying and selling transactions in the real world. Most people or even all people currently use fiat for transactions, and this causes cryptocurrency transactions to be very far below fiat.

Yes you are right but if you compare it with banking also today it is not fully comprehensive throughout all corners, only from some of those who want to, and that is the synonym of logic. On the other hand also some transactions today do not fully use FIAT or banking products, there are still some people who make transactions with gold and silver for example but only a small part, so with crypto, it will only disrupt the part of society that has access (internet) and knows how to use it. and every generation era also happens like that.

However, I cannot deny the great potential in adoption, I like crypto, bitcoin and I know how to use it to make transactions, but for now most people still need a third party to trust, and yes it goes back to their respective mindsets.

You're right to some extent but the public if not willingly then unwillingly , due to increase in transactions and development of the crypto world will be bound to accept it.The banking system when introduced was not accepted by the public on a large scale then Ultimately due to wide spread and quick development it became apparent.I think the same is the case with Bitcoin and other crypto currencies they have to be accepted due to increased interest and demand.

crypto market is revolutionising very fast and they are being used on a large scale in freelance sector for transactions.Itll increase more when the awareness will increase small venders and business owners will definately use it.

I've been in crypto for 10 years and so far all the adoption i have seen is people buying and selling because the are speculating about the price and the potential of the tech. I am really not sure what people mean by adoption anymore, as most of the adopted tech is build for trading crypto assets. Only thing that has changed radically, is the regulations that have caught on, and pure pseudonymity is gone, probably for good. Scams are more frequent and money flow has grown exponentially. 10 years ago, no one of us thought this level in crypto total marketcap would be seriously possible, except for moonbois and crazy people that no one took seriously.

In 20 years, if major governments won't fall, there will probably be some sort of fusion of regulations and cryptos. But the main conundrum in crypto game theory, is that when it's regulated enough, it might make it too centralized, like it has already is on many levels. We are already highly dependant on centralized institutions, which have brought us more value, but what would also drop the value if those left.

And if we end up being too centralized, what's the point of cryptocurrencies anymore?

And those major governments would fall, depending how they fall, there's a big change it would take any value from cryptos with them. I am certain that this is not a popular way to think, especially in the verge of new ath, and i wouldn't stop buying because something might happen in 20 years.

The general adoption will increase without a doubt but only a few crypto will dominate the whole industry, so it means it won't be much different than how it is today. I said the general adoption will increase but it will never beat FIAT imo. It is because decentralized networks aren't as efficient and fast as centralized networks. If that was possible, btc would have beaten mastercard/visa but it didn't. That means we still need centralized projects because they can scale infinitely unlike blockchain. BTC's marketcap will probably beat Gold's mc. That's a more realistic expectation.

Yeah seeing what is the situation now and how it moves? indeed that there is truly a bright 
future for Crypto specially bitcoin.
that is already prediction mate , we cannot just completely or specifically mention how much if
can grow but there is truly a great future ahead this crypto market(of course aside from scam project)

We can’t really predict on the future of cryptocurrencies, but I can tell you that cryptocurrency is heading to a bigger step with its present situation and crypto is circulating all over the world. Most people are using crypto, and there day to day payments, even the small business owners, so therefore, if cryptocurrency continue with this for the next 20 years at least I can predict that it will take over 60% of the currency exchange around the globe But I can say this that cryptocurrency will only be used as exchange of commodity, or between our countries, and even in different individual countries, but it will never crash a Local currency, but it will be used as exchange between two countries doing some transactions.

The awareness of cryptocurrency is on the rise everyday, individuals that has not have any information about it is now getting the information through one means or the other I think the crypto industry is gaining ground in the financial settings and it is a good news on it's ways, the current bullrun is taking place when most countries currency is getting weaker by the day and most people has decided to invest their money in crypto because of this reason, just imagine this Monday in the early hours btc was hovering between 51k-52k but towards evening everything was moving so fast as if million people are pushing it, yea, that's to tell us that the market force this time is very high,  I know that Bitcoin can never put to an end to fiat, both currency we keep working together but Bitcoin will mainly continue to dominate fiat in terms of investment.

We already know that today most of the world is transacted through online currency, and the benefits are many. Currently, most places offer to trade in cryptocurrency Bitcoin and this is a lot of convenience. And if we think about the future of these currencies, then of course we think it will gain better reputation in the world, and it will be used by more people. Currently, most of the people are into cryptocurrency, and they transact and receive various payments through this currency. 20 years from now and beyond we may see more progress in the world and the world may be transacted only through digital currencies. As we now know that paper money is likely to disappear very soon, we think that in the future these virtual currencies may rule the world.

It makes perfect sense if web3 development could really touch users directly by using altcoins as a means of payment.
Maybe now it's simpler, like we buy goods without using paper money and more using electronics. either by credit or debit card and shopping card issued by each department store.

In my opinion, what I believe in cryptocurrency is that, in some couple of years from now maybe like a Decade the late investors would still address us now as those who bought at a cheaper price, so it's never too late to buy more and more  nonstop. The price of long-term project by that time would be very high so if you want to become part of that now is the time to start creating a beautiful portfolio.

There are so many things that are happening in the crypto world and we need to know what we are doing to follow up with the tend.
We can make lots of money from holding Bitcoin and some other good altcoins in the market that can give us profits in the market to keep investing. We just need to know what we are doing when it comes to investing in cryptocurrency because there future is going to be more profits for us.

Cryptocurrency future is very bright.

Cryptocurrency being an innovative work invention, has been the choice f the youths all over the world and the quicker any economy start adopting it the better for them not to be left behind. Cryptocurrency is a world class invention but I don't think it will completely erase fiat for transactions, reason being that I most persons prefer using crypto more as a tool for investment and not for buying and selling other things. Take bitcoin for example, after some couple of years when miners reward reduce to a very small amount, of course by then Bitcoin would become more expensive and scarce, due to limited supply. So definitely it would be seen more an an investment other than coin for p2p transaction.

the use of bitcoin will not be entirely accepted by the public for currency but to be an investment asset is very possible, so we only need to see the development of altcoins that will be directly in contact with the public for their needs, such as in web3 for example or other assets that can be connected to blockchain technology. I quite believe that all will not be disrupted, only certain parts can be integrated.

Maybe in the future there will still be a transition between the overall use of Bitcoin and FIAT.
So the older generation who are still stuck with using FIAT still has time to learn new payment schemes using Bitcoin or cryptocurrency.

What I want you to understand is that if you the technology of cryptocurrency especially Bitcoin and the sub Bitcoin which is altcoins is still in existence it will be more adopted by people so therefore they adoption of Bitcoin with determine the variation of Bitcoin in Next 10 years or 20 years so we cannot stand here today to predict what will happen in Next 20 years in cryptocurrency so as I said before but tomorrow massive adoption of Bitcoin will determine if the price will be more encouraging in future but right now it is obvious that tomorrow we experience New Year the more the price of Bitcoin also get increased

Don’t be in a hurry to think that way because even if Bitcoin is getting adopted in a good way, it will take a lot for fiat to be abandoned. Even with the rate of adoption, there are many people who doesn’t know how Bitcoin works let alone ready to believe that they should leave fiat for Bitcoin. I believe that cashless transactions will eventually take over but Bitcoin superseding fiat will be hard because fiat has been there from centuries ago.

Cryptocurrency keeps growing in terms of adoption and we see massive growth with crypto market, let's focus on adoption cause in the next future crypto adoption will increase massively, new generation has always love new technology and innovation that's why it's advisable to educate little ones about crypto. If the op is referring to a comparison between fiat and crypto I can't relate because I don't think crypto can completely take over fiat besides the government bodies will not watch this happen, I don't expect people to start using crypto for cheap transaction neither will this happen, in terms of massive adoption crypto will gain a heavy ground in the next future.

If you are using a card to predict, you are actually more confident, just like those tarot readers that we saw although they might also pretend because it's their business and this is the only way for them to gain a customer. For us here, we can't also help but to be optimistic because cryptos are also our business.

Cryptos despite existing for quite a long time, they are still more innovative than a regular currency or other payment methods and then the adoption for them still continues to widen, so what we are dreaming of might actually be possible to occur. The one you're telling there about the country to have their own crypto is also not a new trend but they must be the CBDC and it is actually a competitor of the standard cryptos. Other trends are also not beneficial to the cryptos that we know the most.

I think in the nearest future a lot of people will be shifting more from using fiat for transactions to using cryptocurrency because everything is going digital now and just like the internet that was not generally acceptable in the past cryptocurrency will in time to come gain more popularity and recognition as well as adoption if the government decides to practice democratic system of government because they are the reason why cryptocurrency has not gotten mass adoption. I don't think people will make use of cryptocurrency more than fiat in the nearest future unless the use of fiat will be abolished in the country completely.

We are only a decade old but we have a fairly wide market response, many countries are now open to crypto because the technology is increasingly in the interest of young people in various countries, and today's generation is better at adopting technology, as in the countries of El Salvador and Argentina have begun to shift to more massive crypto adoption, of course the older generation also inevitably to get consumers they have to do business in the crypto world because indeed the transition of consumers is starting to shift the market, so it is not wrong for Blackrock and other financial management companies to look back at the potential of crypto to be used as one of their media to gain financial benefits.

no doubt, cryptocurency has grown rapidly and the level of it adoption has been massive of lately but doing a 20 year speculation on how popular it will become isn't something we can be sure of. The best way to possibly ask this question is to put it like;

Assuming things continue in the trend it is going now, what's your speculation on where crypto will get to in the next 20 years? And then its going to be possible to give an answer to your question but be because in reality things don't happen ideally we just keep investing and being positive that in the couple of years to come, the rate of adoption increases while the attackers learns to know that crypto is actually here for the betterment of the society.

I see this market getting more popular, especially bitcoin and other selected altcoins, however I also hope for the majority of the altcoins that exist to disappear or to at least not garner the attention they get now, the reason? Because they do not deserve it, I hope that once a significant number of people buy into this market, they realize those coins are scams and they begin to ignore them, just as they learned to ignore all of those emails people still get which are sent by fraudsters trying to earn a few dollars.

The future of cryptocurrency has its own name, which is KASPA! Rembember what I said

I think crypto would be more appropriate for an investment path either now or in the future. for transactions or exchanges in the real world, you still use each country's FIAT.
but don't be too attached like that, because you see the development of the crypto world is very fast. For example, now there are several countries that allow transactions using Bitcoin currency.

The cryptocurrency market is the future of financial services sector, which is very transparent business and proudly being without having jealous of anyone while being in the field of crypto trading or investment. Hence the future of cryptocurrency is very bright, if you find yourself in a right track.

I do believe that we are going to make some good amount of profit if we are careful, and that should not be all that complicated. The future is bright and the money to be made is still there. I agree that you are not going to be wealthy within a few years thanks to bitcoin, so that is why people are looking at altcoins. The smartest people use bitcoin and ethereum type of high ranked coins to make a decent profit, and then turn around and using their profits to buy altcoins to make even more profit as well.

I believe that the best thing to do right now would be just focusing on how hard it could be to make some money that way. In the end, it is going to be something simple, like investing into that one single token that you had no hope in, that goes berzerk, that will make you rich.

Crypto has a very bright future fue to digital wallets. political and financial status of many countries are not yet available world wide mostly so as an alternative many people use crypto fiat to pay the freelancers and online working community because it's the most convenient and easiest way to transfer your funds. This is just one usecase and now crypto is spreading in many other projects like gaming and tickets etc.

Cex binance,exness and Coinbase  gives a completely new and easy to use features to transfer your funds without much transfer fees It makes people get attracted to use crypto currency platforms for their daily transfer of funds.

the future is stablecoins and the government today will not have to build a CBDC from scratch because they already have controlled projects such as the tether and usdc. these are the obvious stablecoins that we will be using openly regardless of the threat in using them.

since governments and companies are applying AIs, i think they will have a huge database of crypto wallets that are linked to each other which these wallets are also linked to the banks and e-wallet fiat currency we are using. but more than likely if crypto users are to fight for privacy, more altcoins are going to be adopted by crypto community.

If a project does not offer some technology, then there is little point in investing in it. On any blockchain (L1, L2 doesn’t matter) there are a large number of identical projects and this number continues to grow. For example, take swaps and bridges - they all provide the same functionality, but to be competitive they play with fees and points. Now it’s worth paying attention to projects in the field of homomorphic encryption (FHE), IMHO.

I partially agree with you do some extent, the crypto space has become so big that everyday projects are been created all promising a good future. with this finding the right project to invest on is likely very difficult to get even with our own researches.

At this point, we can only gamble on any of the crypto project that we fill is going to attain a good height but been definite with our research is quite impossible.

I also solidly disagree with the holding of new projects, I don't like to gamble or probably take risk but there are some that are absolutely not worth it, like holding a shitcoin it's more like increasing my stress holding potential coin battling with wallets that are compatible with all her shit coins will increase my stress.

There are so many crypto projects we need to hold that will give us what we need in the market and the kind of profits we want to be making if we know how to search and dyor about good projects in the market we can buy.
The market is going more bullish and for those that have good projects they are holding, they will benefit more in the market if they can keep holding without selling. Sometimes we might feel the pressure smto sell since we have small profits, don't sell and hold.

Why not? It is definite (at least to me) that crypto transactions will keep on growing. I am not sure of it surpassing fiat transactions because understand that everything is currently tied to physical money (just like how you evaluate Bitcoin’s worth in dollars). However, depending on what will happen before then, it is possible that a new technological development may make people see the need or even blindly jump into wireless payments. That’s when crypto transactions will be prevalent than fiat.

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.

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. 

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

 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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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


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.

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 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!

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.

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.

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.

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.

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?