The Future Of Cryptocurrency and Its Market Trends 2020
It’s 2020, the price of the bitcoin while I am writing this article is $9,765 and no one knows its price on the next day or next month. Yes! Cryptocurrencies are mysterious but this makes it super interesting. Many Crypto economists wanted to road map its path and it is transformed as so many future predictions. Every day, As like the number of Cryptocurrencies, the Predictions regarding the cryptocurrency market also keep on increasing.
If we turn back our calendar for 12 years, On the year 2008, an anonymous group of people named Satoshi Nakamoto has invented bitcoin. In those days we not even aware of Cryptocurrency exchange platforms, which has now transformed as the prominent business of this era.
Let’s have a look at expert’s predictions
- John McAfee, an economist has predicted that the price of the Bitcoin will reach $1 million at the end of 2020.
- Jeremy Liew, Snapchat's owner, and Peter Smith, Blockchain co-founder predicts that by 2030, the price will have reached $500.000. Both Believed fiat currencies will be replaced by Cryptocurrencies.
- Draper, Crypto Enthusiast says that Fiat currencies will be disappeared by Bitcoin, Ethereum, etc
Like the above, many experts have done their Cryptocurrency and bitcoin price predictions, these may or may not happen in the future.
Some Common Predictions
The government will Adopt Cryptocurrencies
Now, many developed countries such as Malta, USA, Singapore, Australia have been accepting Blockchain technology and some countries not yet legally accept it. In the future, it is highly expected that many countries would lay a proper set of rules and regulations for cryptocurrencies.
check out more on Blockchain in Government
Growth of Cryptocurrency Exchanges
Cryptocurrency Exchange is the Prominent Business in this Era. the Cryptocurrency Exchange website is the only place to get cryptocurrencies, there is no wonder in its tremendous growth in the future.
To start a Cryptocurrency Exchange, all you need is Cryptocurrency Exchange Script . Cryptocurrency Exchange Clone Script is the Package of Website Script by which one can easily start a Cryptocurrency Exchange Platform
Banking Sectors Adopt Cryptocurrencies
Banking Industries will adopt Cryptocurrencies. In future people can open a Cryptocurrency account and withdraw Cryptos instead of money and Cryptocurrency credit card would become the normal thing.
Cryptocurrencies would become a global Currency. So that you can make transactions in seconds from one side of the world to another side of the world.
Birth of new Cryptocurrencies
To date, there are more than 1600 cryptocurrencies. It is damn sure that there will be a drastic increase in the number of Cryptocurrencies.
Investment in Cryptocurrencies
In the future, there will be a huge investment in Cryptocurrencies and the global economy would be influenced by virtual currency investors.
Influence of Smart contract
The smart contract is inevitable in Cryptocurrency related fund transactions as it eliminates the need for the third party. A smart Contract would influence all the transactions in the future.
Growth of Blockchain Technology
Cryptocurrencies are the product of Blockchain. Now many industries started to adopt Blockchain Technology and in future, Blockchain has a huge impact in almost all industries such as banking, Manufacturing, Finance, etc
Check out more on BlockChain Technology
Influence of Tokens
The token is the Primary element in ICO and STO Process and in future, I believe that there would the marvelous growth in the token development
The World is not the same as now before a decade and it will not be the same after the Decade. Thus Technology does not fail to surprise us! Hope for the Best in the future.