The one of the most frequently asked question what is the future of crypto?
The crypto has vast future potential in present time and has a innovation in the financial sector.Because it is offering the great advantages like investing without fraud, decentralized system and associated market .
Short term : Prediction in crypto
You should pay attention to that crucial details :
1) Crypto regulation in U.S. and abroad
2) Crypto payments and decentralized finance (Mass-market)
3)Cryptocurrencies ETFs biased on Bitcoins(BTC)
Is crypto will be the future of the money bank
Yes it will be true to says that the crypto will be the money bank of the future of world.The international views of crypto are ( Bitcoins are considered official currencies). There are many issues in world related to the crypto (The transactions of crypto in CHINA are considered as illegal.)
On the other hand the U.S. is paying attention on crypto and they arranged the special team for crypto.They took crypto to the federal level this team is lead or managed by highly experienced leaders with great experience in the crypto
Why the crypto will not be the future of money bank
1) The currencies such as Bitcoin and litecoin only serve illegal activities and bad actors and non of this type of activity will done on the land of U.S.
2)Retailor might balk at unpredictable value of digital currency and insist of traditional cash and or credit card transactions.
3) policy makers should drag their feets and should makes valuable policies .
Although, at present, there are more than 4000
cryptocurrencies in the world and numerous new born
tokens are being introduced to the world each day. However,
there are only a few cryptocurrencies which are gaining
public’s interest. Being bitcoin at the top with a market cap
of more than $700 billion, followed by Ethereum which is
the second most popular cryptocurrency with a market cap
of $300 billion. Being the most popular one, bitcoin is
restricted to a total supply of 21 million out of which almost
20 million have already been sold. Because of increasing
demand and lack of supply it has gained a huge price which
makes it almost impossible for the common people to
exchange in it. Public cannot rely on the less famous
cryptocurrencies as one never knows when it is going to
collapse.
Crypto regulation: obstacles and opportunities
The one essential characteristic of effective regulation is that it is “clear, clean, such that everybody could understand it”, said South African Reserve Bank governor Lesetja Kganyago. However, the problem with effectively regulating crypto is that “in many instances, regulators are struggling to come to grips with exactly what they are having to regulate”, he added.
Jennifer Johnson, chief executive of asset manager Franklin Templeton, said the history behind current US securities rules illustrates important principles that crypto laws should follow. “These rules were created as a reaction to the depression and stock market crash in 1929. The purpose was consumer protection. [Today, regulators need to] acknowledge that the technology is advancing so quickly that they have to evolve regulation to meet the technology. That is a big challenge, but we have to be able to do that because, take AI, all of these things are going to move so quickly.”