What Is The Future Of Cryptocurrency? Update 2020

After the rapid growth of interest in cryptocurrency in 2017, presently it has fallen sharply. This can be seen from the statistics of the leading channels in popular social networks that are dedicated to this topic. The depreciation of bitcoin and altcoins, as well as their fixation at the same level, do not inspire optimism for investors. Today, the most interesting topic is the analytical information regarding the future of cryptocurrency. As optimists and supporters argue that this is only temporary stagnation, and opponents happily rub their hands and gladly spread rumors that this direction has crashed and will soon disappear altogether in the future. But in order to see the trend for the future, it is important to recall the history of cryptocurrency and blockchain and compare it with other innovations in the currency market.

What Is the Future of Cryptocurrency?

Predictions about the future of cryptocurrency 2020 fuel the debate. Indeed, many people wonder about the value of digital currencies. When we consider the evolution of the value of cryptocurrencies during the year 2018, we must recognize their unpredictability. It is only natural to wonder what their future is. Discover in this article the predictions about the future of cryptocurrencies.

The year 2017 has been exceptional for cryptocurrencies. They have indeed experienced record growth in the market. In contrast, 2018 was less stable. This is due to many external events (including 2 hacks) that have cooled down the market. These acts froze the market and tense investors. Apart from these hacks, there has been a qualified market reaction of "correction".

In fact, when an excessive and rapid increase occurs, a correction applies naturally. A drop that still keeps the cryptocurrencies to significantly higher values. These more or less complex events do not predict the future of digital currencies with accuracy. However, despite their instability, several industry experts are in favor of increasing the value of cryptocurrencies. They predict the preservation of virtual currencies and their installation in our daily lives.

• An increase in the number of cryptocurrency users

Given these results, the experts predict a more sustainable future for virtual currencies. This is also due to the imbalance between supply and demand, which continues to grow. Which in itself guarantees the increase in the value of virtual currencies. For experts, the number of people using cryptocurrencies will continue to grow. Prop’s vice president of business development estimates that more than 50 million people have at least one cryptocurrency in the world.

The digital currencies are very volatile because of the small size of their market. Losing currency and gaining 30% in a few days is not very practical. However, as the size of the cryptocurrency market grows, stability may one day exceed that of traditional currencies. It is just a matter of time when freelancers will accept crypto-currency for essay help online and creative writing services. Crypto-currencies have the potential to change the financial world and they have probably already started with all the attention the International Monetary Fund gives it.

Key points

• Bitcoin is the first cryptocurrency but there are now thousands.
• The number of Bitcoins in circulation will never exceed 21 million;
• Diversification of investors' portfolios;
• The Bitcoin is based on Blockchain technology. Technology not so simple to understand.

The vice president of Props hopes that Bitcoin will continue to maintain its virtual gold value and that the promise of digital money is fulfilled by Dash. The majority of investors will become aware that behind the Bitcoin is Ethereum, Litecoin, Dash or IOTA. Mark Lurie (CEO of Biddable) meanwhile expects investors to diversify their portfolios into virtual currencies. And why not, that these investments are managed in the same way as those of traditional investments.

To Sum Up

The future of cryptocurrency 2020 is certainly full of uncertainty, but it does exist. Every day new investors are entering the market and every day new ICOs are launched. As a result, we can expect the cryptocurrency to be converted to currency soon. As you can see, there have been a lot of cryptocurrency development services recently, which serve the interests of investors who want to create foundations. It is therefore good to remain optimistic and keeping the various challenges in the mind.

A book reader and a content writer who has a passion for music. Currently, I work as a marketing manager for British Essay Writers Empire in UK.When I am free, I do listen and compose music.