Five years from now.

Five years from now.

By TwoDogsCaged | TwoDogsCaged | 15 Nov 2022


I have been thinking about where cryptocurrency will go from her. It has been a tough go of it in 2022. I am hopeful for the future of cryptocurrency.

Multiple countries have already legalized cryptocurrency. Here is a list: https://money.com/cryptocurrency-legal-status-by-country/#:~:text=In%20June%202021%2C%20El%20Salvador,challenge%20for%20the%20Salvadoran%20government.

In five years, I think cryptocurrency will be even more widespread. I am not sure this would be the consensus from the general population, but I think it happens.  I also think there will be a period of relative world stability in five years. I think the Russia-Ukraine conflict/war will be over. I also think the China/Taiwan issue will be (relatively) settled. Also, in the US, there will be a new president (two years from now), which will bring in some stability. I think the midterms have shown former President Trump is done. I am not picking political sides, I just think he rhetoric overshadowed everything else.

Five years from now Bitcoin will either be over $500,000 or worth nothing. Neither would surprise me. I also think there will be a paring down of the number of cryptocurrencies, exchanges, and altogether a policing of the predators in the space like FTX and those who ran it, or even Terra Luna.

Finally, I believe some cryptocurrencies, that are virtually worth little now, will be worth a lot. Other countries have some solid cryptocurrencies that are going to take off (here's to you Japanese Bitcoin Jasmy). Also, I think Cardano will do a burn, which will significantly reduce supply and increase value. It has a chance to be the number one cryptocurrency in five years.

Finally, In five years, if I am lucky, and if the premise that buying into cryptocurrencies with solid foundations is the way to go, I may become a crypto millionaire!

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TwoDogsCaged
TwoDogsCaged

Cryptocurrency is a fascinating idea, one that has many confused, scared and dismissive of the concept. However, it also is intriguing and likely a large part of the future.

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