Cryptocurrencies as an alternative to the traditional model of monetary exchange, have become increasingly popular over the years since their inception beginning with Bitcoin in 2009.
As the world keeps moving towards digitization on so many fronts, Bitcoin, Litecoin, Ethereum, and so many others, have seized the initiative and swept their way into the world. And this trend is not likely to slow down any time soon. Today, there are an estimated 2000 different forms of cryptocurrencies being used around the world.
However, this does not in any way take away the fact that cryptocurrency as a concept still has a long way to go in finally gaining universal acceptance. There are many hurdles to cross in various spheres.
There is the issue of credibility, safety, tax, investment prospects, and so many other areas to be improved on. Thus, we have decided to bring you 4 predictions as per the prospects of cryptocurrencies.
1. The Continuous Boom of Bitcoin
Bitcoin unarguably leads the way when it comes to cryptocurrencies at the moment and this does not look like changing in the nearest foreseeable future.