Predictions for cryptocurrency in the next decade – Here is what the future has in store!

After its advent, cryptocurrencies have been around for many years and have successfully the favourite choice for crypto enthusiasts. Best depicted by a Top altcoin development company in Kolkata, cryptocurrencies are here to stay and is pushing its way into our economy and have claimed a major place in the future global markets as well. With its rising popularity, now a question might arise; what the future has in store for these virtual assets? Here are the predictions to keep a watch on for the coming years, which can also be considered before advancing with trading strategies.

Is cryptocurrency the answer for future finance?

Cryptocurrencies, or otherwise known as virtual currencies, do hold the potential to disrupt traditional finance for having utility abilities. As depicted by the Best crypto development company, cryptocurrencies come with the ability to efficiently transfer cross-border payments with little or no costs. Even foreign currency fluctuations do matter when processing transactions.

However, the cryptocurrencies industry is in its infancy and is constantly evolving and have become a global phenomenon in the recent years. Based on blockchain technology, there are limitless potentials of this virtual asset and cryptocurrencies are poised to impact the financial ecosystems as well.  Decentralized digital assets store a lot of potential, because of which banks have started exploring their benefits on a global scale.

Here is what can be predicted for cryptocurrencies in the coming decade –

As depicted by a Top altcoin development company in Kolkata, actual predictions might be impossible, but there are certain things to watch out for in the coming 10 years –

•    Surge in liquidity: With more investors showing interest in buying and selling cryptocurrencies in bulk at shorter intervals (not the same as retail investors buying and selling for longer periods) will drive up liquidity. This will further help the market grow at an astonishing rate.

•    Regulations will come in place: With more and more stablecoins hitting the decentralized crypto market in the coming decade there will be more regulations with tradeoffs. However, the only thing that will remain unchanged will be greater adoption of the digital assets, which will lead to higher demand and increase in prices as well.

•    ETF approval for cryptocurrencies: ETF or exchange-traded fund is a major breakthrough in the crypto ecosystem. Bitcoin ETF has been in news for quite some time and represents a new and more conventional way for investing in cryptocurrencies. As of now, it will be worth waiting for an ETF that can hold Bitcoin directly.

•    Adoption of cryptocurrencies: There can be broader institutional adoption of cryptocurrencies across different industries interest in making investments in digital assets. Payment gateway service providers are also betting on crypto and can allow users to make purchases on their platforms using cryptocurrencies.

•    Bitcoin’s future prospects: Being the largest cryptocurrency in the market, Bitcoin has a huge market cap and the rest of the crypto market follows the asset as well. As per market statistics, there has been huge spikes and pullbacks in the price of Bitcoin, which has affected its volatility both in short and long term. There are chances that price of Bitcoin will climb in the next decade.

•    Real Estate payments using crypto: It is a major breakthrough in the real estate realm and people have been allowed to buy properties with cryptocurrencies. Even the private real estate companies are accepting payments in cryptocurrencies for the purchase of properties.

•    Central banks allowing crypto loans: In the coming decades central banks might hold more virtual assets to give loans to customers. However, there can be certain regulations put into place before such an initiative takes off. Sooner or later, this may happen, and we may witness banks offering services like BlockFi or Celsius.

According to a Cryptocurrency development company, popular cryptocurrency like Bitcoin have already proven useful for investment and trading. With the rising popularity, cryptocurrencies are generating more and more interest and meeting the growing demands of the crypto market, and it is worth considering for creating wealth out of every crypto investment.