The Future of Cryptocurrency

I have this paper posted on my official site and figured I’d share it here as well, for everyone new to the space. Hope it helps.

The future of cryptocurrency is bright. Cryptocurrencies are becoming increasingly popular, and the technology that supports them (the blockchain) has many uses beyond finance. Blockchain can make processes like voting easier, more secure, and less subject to fraud. It can help protect individuals’ medical records, track shipment of goods—even create new forms of contracts or legal documents like wills or marriage licenses. What’s most interesting is that the potential applications for blockchain seem almost limitless.

Cryptocurrency has proven to be a powerful force in the world economy, and it’s only getting stronger. The meteoric growth of cryptocurrency is evident when you compare the current market cap against its 2013 value. In 2013, the total worth of all cryptocurrencies in circulation was $13 million; today, that number is over $200 billion (and growing). It is certain that the potential for growth and expansion is massive. Major retailers have already started to accept cryptocurrencies as a method of payment. Since its introduction of cryptocurrency in 2009, the currency has grown rapidly in value, acceptance, and popularity around the world.

Cryptocurrency has been growing in use and popularity over the past decade. The market cap currently sits at around $550 billion, with a daily trade volume of $17 billion.

Just in the past few weeks, we’ve seen some cryptocurrency’s popularity explode across the world. We expect to see many more companies and people getting into cryptocurrency. Companies recently announced that they would begin accepting cryptocurrencies as payment on their site. They even partnered with Coinbase to help them accept cryptocurrency payments.

Cryptocurrency’s future is glimmering with the potential to reduce the cost in International monetary transactions; it does increase the speed and simplify the process of these transactions. Its future is not just about the technology, but also its education and adaption. There are many ways you can earn money using cryptocurrencies even if you don’t have a lot of money to invest in it.

Cryptocurrencies have been around for almost 10 years, and to say that they’ve revolutionized the way we think about money is an understatement. It’s incredible how much the perception of cryptocurrency has changed in such a short amount of time. There was a time when people were more than skeptical—they outright laughed at the very thought of it. But now, cryptocurrencies are slowly creeping their way into mainstream consciousness, with several companies even accepting it as payment for goods and services.

In 2019, it started to be a more optimistic note with Bitcoin’s price rising rapidly and other coins such as Ethereum and Binance Coin following suit. The future is certainly bright for cryptocurrencies.

-Aaron Raycove

Amen, it sure is BRIGHT future.