Future Of Cryptocurrency.
                     FUTURE OF 
CRYPTOCURRENCY
Introduction
• Cryptocurrencies have a potential future and even though they have fluctuating values, 
these digital assets might find a way to become an effective means of payment.
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Bitcoin
• Bitcoin sported a market value of over $2 billion at its peak, but a 50% plunge shortly thereafter 
sparked a raging debate about the future of cryptocurrencies in general and Bitcoin in particular.
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Mining Process
•  Bitcoins are created digitally through a “mining” process that requires powerful computers to solve 
complex algorithms and crunch numbers. 
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Credibility to blockchain
• Some economic analysts predict a big change in crypto is forthcoming as institutional money enters 
the market. Moreover, there is the possibility that crypto will be floated on the Nasdaq, which would 
further add credibility to blockchain and its uses as an alternative to conventional currencies.
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Verified exchange traded fund 
• Some predict that all that crypto needs is a verified exchange traded fund (ETF). An ETF would 
definitely make it easier for people to invest in Bitcoin, but there still needs to be the demand to want 
to invest in crypto, which might not automatically be generated with a fund.
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No central authority
• The decentralization renders Bitcoin free from government manipulation or interference, the flipside 
is that there is no central authority to ensure that things run smoothly or to back the value of a 
Bitcoin.
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Increasing Scrutiny
• Bitcoin’s main benefits of decentralization and transaction anonymity have also made it a favored 
currency for a host of illegal activities including money laundering, drug peddling, smuggling and 
weapons procurement.
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Limitations
• Some of the limitations that cryptocurrencies presently face such as the fact that one’s digital fortune 
can be erased by a computer crash, or that a virtual vault may be ransacked by a hacker may be 
overcome in time through technological advances.
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Fundamental premise
• What will be harder to surmount is the basic paradox that bedevils cryptocurrencies – the more 
popular they become, the more regulation and government scrutiny they are likely to attract, which 
erodes the fundamental premise for their existence.
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Widespread acceptance
• While the number of merchants who accept cryptocurrencies has steadily increased, they are still very 
much in the minority. 
• For cryptocurrencies to become more widely used, they have to first gain widespread acceptance 
among consumers. 
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