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Let's examine the case for cryptocurrency as the future of money.
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In this report the bank says that cryptocurrencies are currently just additions to the current money payment system.
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Cryptocurrency is not necessarily the future crypto assets can be either useful hedges or useful forms of payment — but not both.
The returns are incredible for the short period they have been around, cryptocurrencies have proven to be among the most profitable investment options out there. Expect cryptocurrency to be part of your life. Elon musk, founder of spacex, recently announced that his company tesla invested $1.5 billion in bitcoin and plans to start accepting the currency as payment. Being a speculative asset, its volatility in price is a major challenge in the adoption of digital currency. In the near future, more cryptocurrencies will come into existence. In this report the bank says that cryptocurrencies are currently just additions to the current money payment system. Optimists may have a good reason to maintain their positive outlook. As demand creates supply, a lot of companies offer a vast array of materials to cover everything about crypto. Dec 5, 2020 · 4 min read. Some analysts believe that the advent of cryptocurrency signals an end to the fiat system. However, in the next decade they could be replacements. Cryptocurrencies will reach more success in the future based on consumer demand, development of technology, and regulatory environment. Cryptocurrency's future outlook is still very much in question.
