Cryptoverse and blockchain are so much more than mere investing opportunities, which numerous prominent blockchain projects managed to show during the past several years during the crypto boom.
From various use case, implementations, integrations, partnerships, crypto, and blockchain are slowly but steadily changing the world as we know it, now present across numerous niches and industries.
In 2019, 10 years since Bitcoin (BTC) was first issued will be marked, and during those 10 years, we have seen so many changes being imposed throughout and outside the blockchain space, slowly heading towards mainstream waters.
But, what about the next 10 years? What will crypto look like in 10 years?
What to Expect from Cryptocurrencies and Blockchain in the Next 10 Years?
One of the first points to imagine within the next 10 years is inevitable the cryptocurrency market.
Since the beginning of 2017 till the beginning of 2018 we have witnessed, first major increases and new record prices, then observed the market collapsing by losing nearly -90% of its value.
This is the case because the crypto market is still very young in nature, and it requires establishing a certain level of stability to prevent mass declines, which should be achieved within the period of the next 5 to 10 years.
Next, the fact is that not all currencies that are currently being traded will survive the test of time during the next 10 years.
We have already witnessed the fall of many so-called “shitcoins” and “scamcoins,” however, the cuts might go even beyond diminishing invaluable ICOs that have nothing to offer.
It can be the case that many cryptocurrencies that look promising now may not appear so in the next 10 years, which will result in individual collapses throughout the cryptocurrency market.
On the brighter side, cryptos that are holding a solid value will eventually rise and establish a stable pace of growth while going through many new partnerships, integrations, agreements, and finding new use cases.
Cryptos as Every Day Means of Payment in the Next 10 Years?
The applicability of blockchain technology is wide-ranged, so we might witness voting supported by blockchain, mass government data storage kept safely and securely on the blockchain, and more.
However, what most people are wondering is whether any cryptocurrency could become a stable everyday payment method for different purchases across online and physical stores.
We can already see that thousands of different online and physical stores across the globe are individually starting to accept different cryptos as the means of payment in return for their products and services.
We even have countries suffering from inflation, like in the case of Venezuela, trying to solve their issues with the help of cryptocurrency and blockchain.
But, this is only the beginning.
If the cryptocurrency and blockchain space has managed to become a world phenomenon across numerous industries in the past 10 years since Bitcoin (BTC) was first issued, imagine what the crypto will look like in 10 years from now.
The opportunities seem endless, as well as the potential residing in blockchain technology.