Cryptocurrency is a hot topic these days, but will it ever die?
It’s hard to say for sure.
Some people are predicting the death of cryptocurrency and others believe that it will be around forever.
Bitcoin was created in 2009 by Satoshi Nakamoto, who invented an alternative to fiat currency.
This has led many people to speculate about its future since there are many benefits associated with using this type of currency over traditional money as well as risks involved with it too.
In this post, we’ll explore some popular opinions on “will cryptocurrency ever die?”
Before we delve into the meaty part of this post…
Here are Some Predictions About the Future of Cryptocurrency:
Some people think that cryptocurrencies will be around forever, while others believe they’ll die out.
Others predict more regulations coming for cryptocurrencies in order to protect investors.
We’ll explore more opinions on this topic below and let you decide which one is most likely to come true!
There have been many different theories over time debating whether or not cryptocurrencies would ever die…but it’s hard to say what will happen at this point.
Some argue that decentralized currencies will eventually fade away because there won’t be an incentive without a central authority like government backing them up, while other arguments suggest that with enough innovation from developers, Bitcoin could become even stronger than before.
Can Cryptocurrency Die or Last Forever?
The lifespan of cryptocurrency is hard to predict.
For instance, in 2008 when Bitcoin was proposed by Satoshi Nakamoto and the first block mined on January 03, 2009, no one could imagine that it will become so popular today with a market capitalization over 1trillion USD.
But there are also people who think cryptocurrencies will die sooner than later because we see how they fluctuate in price all the time.
Some governments invest heavily into them while others ban them.
Some experts say even if cryptocurrencies do not die, their future looks bleak for the following reasons:
#1. They pose a risk to financial stability due to extreme volatility; they provide an opportunity for illicit activities such as money laundering; they are highly volatile and thus unreliable.
#2. There is a limit to the amount of coins that will ever exist: 21 million for Bitcoin.
This means there will be no new Bitcoins coming into circulation, which may cause investors to lose interest in these assets when it becomes easier to invest elsewhere.
#3. Government could use them as an instrument for controlling economic volatility or even replace fiat currencies with virtual equivalents (e.g., bitcoin)
#4. The fact that cryptocurrency has been here since 2009 and none have died so far gives us hope they will never die out completely unless we see some catastrophic event take place on earth like nuclear war where people can’t
Why Cryptocurrency Won’t Die?
Here are the reasons why I think cryptocurrency will not die:
1). The global adoption of cryptocurrency
The first reason why I think Crypto isn’t dying is because of the global adoption and understanding of these currencies by people with all levels knowledge about technology.
There are people who know nothing at all about how cryptocurrencies work – but they understand them well enough in order to buy, hold or even use them for transactions.
And there’s also those like me, more knowledgeable on this topic, which allows us to teach others and help spread awareness as long as we don’t sound too preachy or condescending when doing so.
It really feels good being able to share my enthusiasm about something I love without feeling bad about telling other people what it is and the future it holds.
2). The USD and other fiat currencies are slowly weakening
Putin’s announcement about Russia to abandon the US Dollar for trading is just one indication that economies around the world are looking at cryptocurrencies as more than a passing trend.
As countries see their own currency devalue, they’ll be quick to adopt something else in order to stabilize it – and cryptocurrences will fill that void quickly once again.
3). The only way cryptocurrency will die is if the internet dies
As long as there’s an Internet connection, cryptocurrencies won’t be going anywhere anytime soon.
The fact of the matter is that even though we don’t know what future generations may come up with and how they’ll use it, one thing is for certain – people still need to trade goods and services.
And as long as trading exists, so does money in some form or another.
Even if it takes a different shape than fiat currencies and traditional banking institutions currently take.
4). Not controlled by centralized financial institutions
This is another reason why Cryptocurrency won’t die.
It is not controlled by any one individual or organization.
They’re decentralized, and as such they can’t be corrupted in the way that fiat currencies are regularly devalued with inflationary measures like quantitative easing (QE).
Which simply means printing money out of thin air to artificially increase the amount of cash sloshing around – a move which often causes currency values to drop significantly.
The fact that cryptocurrencies don’t have a central point will make them much less vulnerable than other forms of payment when it comes time for global trade sanctions on nations who refuse to play ball with what’s considered acceptable economic policy elsewhere.
It also makes digital wallets far more difficult to hack because there aren’t many ways into them and they don’t have a centralized server to get into.
Is Cryptocurrency the Future?
Many people have questions about the future of cryptocurrency.
Is crypto a fad? Will it die out soon, or will it become mainstream and change how we transact?
This is an excellent question that has no simple answer to give.
The truth is simply this: nobody knows what will happen with cryptocurrencies in the long-term because they are so new on the scene.
However, if you look at their price history over time, they do not seem like something that will just disappear from existence overnight.
The best way to predict the future, is seeing what’s happening now.
Cryptocurrencies are becoming more and more mainstream every day – with huge companies like Microsoft and Tesla accepting Bitcoin as a form of payment.
It has also been reported that some major retailers such as Walmart and Target have started to experiment with blockchain technology which makes it easier for suppliers to track inventory in order to avoid product shortages or spoilage.
This could potentially pave the way towards cryptocurrencies being used by these retail giants instead of fiat currencies in the near future.
That doesn’t just apply to stores though; there are other industries where you can find examples of how this new currency will slowly but surely start taking over traditional forms of payment.
Some examples of how this is already happening include the payment for web hosting, home security systems and even healthcare.
It’s becoming more common to see Bitcoin, Ethereum etc as an option alongside other traditional forms of payment in these industries – which can only be seen as a good thing that will further drive cryptocurrency into mainstream use cases rather than it being just another alternative form of currency.
This all points towards cryptocurrencies not dying anytime soon;
Despite what some people may say about them having no real-world value or practical applications outside trading on exchanges like Coinbase or Bittrex – there are still plenty of reasons why they’re here to stay for now.
Final Thoughts on Bitcoin and Crypto Dying Soon
Bitcoin and crypto are not going to die any time soon.
A lot of people in the past have said that Bitcoin is doomed, but it has failed every single one of them who predicted its demise so far.
There is no reason why this should change now. In fact, there are many signs which show that Crypto will one of the more successful invention of mankind.
Yeah we all know:
The value fluctuates because people on both sides buy into it at different times. Which is a norm.
As long as there are a lot of believers who believe that these digital assets have intrinsic value which will rise over time. It is not dying
There may eventually come to be enough supporters so that this currency becomes mainstream, but right now we’re only seeing huge interest from investors and tech enthusiasts.
As an investor myself, I see cryptocurrencies as something with potential for growth in the future, and as a way to diversify the stocks in my portfolio.
But I’m not expecting it to take off anytime soon.
I think we’re seeing more of an investment opportunity than anything else right now because there’s still this belief that crypto will one day become something mainstream and even replace fiat currency entirely.