The future of cryptocurrencies or naive belief in bitcoin
The crypto-industry was born from just one message Satoshi Nakamoto on the forum. And after a very short time had a chance, if not to replace the traditional system of finance, then to compete with it.
Until the significance of cryptocurrencies was realized by the Wall Street guys, everything was fine. But now cryptocurrency rates have eclipsed the significance of the idea itself. The lack of interest rates and inflation, the limited issuance of money, have all been forgotten in the pursuit of pums and profits with lots of zeros.
Today
The community has stopped evolving toward an alternative financial system where fiat currencies should have no place. Instead, digital coins are trying to integrate into the existing market.
Bitcoin evangelists are abandoning their ideals in pursuit of prosperity. Blockchain technology experts are now actively advising governments, committees and banks. This state of affairs makes it possible to construct a blueprint for the development of cryptocurrencies as a payment instrument.
Let's try to look into the future and predict what awaits the crypto-industry in the next few decades - or perhaps even years.
Pretty soon.
The process of acquaintance of the state with the cryptoindustry is over. Governments are no longer intimidated by the term "cryptocurrency". However, large and medium-sized businesses are not yet profitable to work with bitcoin as a payment instrument due to too much volatility. Therefore, stores are in no hurry to add this payment method.
Exchanges have come out of the shadows. In developed countries (Japan, South Korea, USA) these companies are fair game. Market makers skillfully eliminate problems, so now bitcoin and other cryptocurrencies are quoted as equally as possible.
The ICO is looking more and more like an IPO. The requirements for an initial public offering of tokens are a little more democratic, but startups now have to prepare a lot of documents. And they are helped in this by banks and those companies that have proven themselves as centers of expertise in 2017-2018.
Mid-term perspective
Cryptocurrency trading volumes are falling due to lower volatility. The reason is in the market makers who have come in and are holding the price ranges that are profitable for them.
Everything that is now present in the currency market (including the futures market) is being "copied" to the cryptocurrency sector. It is impossible for an investor without knowledge and skills to make money on cryptocurrencies.
States issue their own digital coins to reduce transaction costs. Official cryptocurrencies are traded on exchanges and can be used by ordinary people. Blockchain technology is used to collect taxes from businesses and the public.
The first crypto-ETFs did not cause an increase in the value of major digital coins. Only companies specializing in the development of blockchain technologies strengthened their positions.
Long-term perspective
Popular cryptocurrencies are very cheap. Not a trace of their former success is left. Planned promotions are hitting the image of top-100 digital coins. In some countries, private issuance of cryptocurrencies is illegal.
Several exchanges and cryptocurrencies go into the dark web. They are used to pay bribes, to trade drugs, weapons, and other illegal things.
Humorists joke about naive faith in bitcoin. Creators of other cryptocurrencies work for major corporations - Google, Apple, IBM. Some have found themselves working with defense and law enforcement agencies.
The museum of cryptocurrencies has as an exhibit a flash drive with 1 million bitcoins on it.