Cryptocurrency Will Replace National Currencies By 2030, According to This Futurist

The cryptocurrency market, which trades various digital-based coins, can look exciting, scary, and mysterious all at once to the casual observer. Its pioneer, Bitcoin, dramatically surged in value and steeply dropped (before picking back up) in recent months. ICOs (initial coin offerings for new cryptocurrencies), meanwhile, are emerging at a head-spinning rate.

While some financial advisers remain skeptical, it’s hard to ignore the massive amount of money invested in the field. We talked to two leading futurists, who study and predict technology trends, about where they see cryptocurrency headed—and why you should pay attention.

Cryptocurrency Will Replace National Currencies by 2030.

“Cryptocurrency is very much here to stay,” said futurist and author Thomas Frey, noting that he’s speaking to the Federal Reserve in September on the topic. He predicts that “cryptocurrencies are going to displace roughly 25% of national currencies by 2030. They’re just much more efficient, the way they run.”

“The future of commerce will be shaped by the crypto supply chain, which will have less friction and more exponential value between buyers and sellers of all products,” Canton said. And while it’s hard to bet on any single cryptocurrency at the moment, funds such as Apex bundle multiple tokens for those looking to enter the market.

Governments will play a (still unknown) role.

Owning cryptocurrency can feel like cheating. While transactions of the digital asset are supposed to be taxed, many have evaded doing their civic duty, helped by the fact that the blockchain makes users essentially anonymous. That’s likely to change.

“The government is going to tend to play their role. I think the FCC could provide prudent regulation to accept and encourage innovation with cryptocurrencies,” Canton said. “There’s a role for governments to participate, but I do think too much regulation will be intrusive.”

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