Predictions Over the Next 5 Years Cryptocurrency #1

in #bitcoin9 years ago (edited)

Cryptocurrencies came out in 2017, thanks to Bitcoin, which exceeded $ 13,000 per unit this year, and digital fundraising worth more than 3.2 billion euros. We've seen some really good valuations, like Ethereum gains 50 times since January 1, and countless new projects are coming up everywhere. In this frenzy of funding, we have surely planted the seeds of some future disasters in this area.
One thing is certain: this technology has spread, and it is used and open-source all over the world. The box (Pandora?) Is open, and there is no question of closing it.

Experts, given the generous appreciation of assets, did not take long to compare this phenomenon to the internet bubble. Even if that would be true, the whole question would be whether we are in 1994 or the end of 1999 ... Without further ado, let's plan then in 2022, and see what the world could look like ...

1. The price of Bitcoin will exceed $ 100,000 (€ 84,500) per unit


When Bitcoin surpassed $ 10,000 per unit, many sparked champagne, celebrated screenshots of this event, and took tickets for Vegas.
Unless there is a generalized system failure, Bitcoin is today the safest cryptocurrency asset, and it is only at the beginning of its exponential curve. Many compare it to the bubble of the tulips, in the seventeenth century, and our society has never known a resource as artificially rare and also globalized before (Note: this is not an investment advice).
Despite the past year, usage exceeds the value of Bitcoin. The volume of daily transactions of Bitcoin is today a hundred times higher than it was at the beginning of the year, when its value evolved around 844 € per unit. While most large institutions remain on the sidelines for the time being, this transactional volume growth is only waiting for more advanced control technologies.
Some, among the pundits of finance, already think that the price of Bitcoin will reach $ 40,000 (€ 34,000) by 2018.

2.Commodity markets in digital


One of the biggest areas likely to be upset soon is the field of services that are made and verified electronically: data processing, bandwidth, etc. Advances in blockchain technology will make the production and supply of a large number of online materials easier. Why should all hosting companies compete to acquire and retain users, create accounts receivable, and so on? while you could simply hook up your equipment to a standardized service with payment services included?
We believe that digital commodities will be traded "ready for use". Perhaps even miners will be hired, who will propose their computing power to get a particular token with a commission, upstream and downstream of both transaction and block rewards as the initial protocol offers.
We are still not sure which protocols, existing or to be born, will win. Survivors will obviously bring speculators (both financial and node providers) necessary for the establishment of a market. The other question is also how much these markets will nibble on Amazon's online services or Google's cloud (or if many speculative operators will manage to override these platforms).

3.Fully decentralized exchanges


Many people point out the challenges of building a decentralized and liquid market. Today's centralized exchanges (which produce huge profits) are eager to see how they will evolve. Market forces will drive all decentralized orders to be shared and interconnected; and once the entire market is fully connected, the exchanges will become fully ... tradable.
Regulation will also be one of the drivers of decentralization: as certain currencies, or certain currency exchanges, are more regulated, people will turn either to official institutions (for institutional investors) or to hiding. .
For example, even if a reward token is considered an illegal reward, there will still be a market of buyers and speculators, as in the Wolf of Wall Street and its frauds on shares of small businesses, very fashionable a decade ago. Brokerages are blocking trades of shares suspected of being manipulated in their user interface, but buyers still call their brokers to override this blockage manually and take advantage of the bubble.
There is still a lot of underlying infrastructure to build (to help decentralize trade, discover and share order volumes, share savings), but also exchange infrastructure for consumers and professionals, to make it all easier to use and access.
In 2022, many exchanges may not be done on blockchain. R & D teams are already thinking a lot about adding additional abstract layers outside the blockchain (like the Lightning Network or Rootstock projects). These types of projects, still very young, indicate the birth of a whole new world, where assets can be exchanged instantly without any public trace of their movements. The first exchange between blockchain, between Litecoin and Bitcoin, took place a few weeks ago. This is a subject to watch very closely.

@carpinus

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