In the past decade, cryptocurrency has taken the financial industry by storm. A lot of people, young and old, have become more and more interested in the crypto market and the functionality of cryptocurrency. Surveys show that currently, 17% of the American adult population have invested in bitcoin, with that number constantly rising. Many of the new millionaires from the millennial generation have admitted to having a chunk of their wealth in cryptocurrency, and a number of celebrities are looking to get a slice of the pie as well.
With so many people looking into the concept of alternative currency, many more are wondering as to the future prospects of cryptocurrency, and whether or not cryptocurrency has a bright future. In this article, we will look into estimates made by experts, and attempt to elucidate those wondering about the future of this exciting, new phenomenon.
Profiting from Crypto
The first, and most important question to answer, is how exactly do people profit from cryptocurrency? There are a number of ways through which people profit from crypto, but the main way, which is accessible to most people, is the process of crypto trading.
Crypto trading is a process by which crypto investors can connect with each other in order to buy or sell their assets. There are many websites and applications which allow for an easy start for a prospective investor. The Bitcoin Digital official site provides a secure and safe connection, remarkably low fees, and a state of the art Artificial Intelligence technology that helps new investors make the best bang for their buck, by analyzing the volatility of the crypto stock market, and ensuring users will make the right choices when investing.
For those who seek a challenge, another fun, though perhaps not as rewarding way to profit from crypto is through the process of crypto mining. Crypto mining is a process that involves solving difficult and complex math problems with the goals of putting new units of a given cryptocurrency into circulation, maintaining the blockchains, and keeping bitcoin users honest.
The Future Values
The current crypto market is flooded with a huge number of different cryptocurrencies. Experts speculate that there are thousands of cryptocurrencies currently on the market, with some estimating the number has already reached ten thousand. Even with this many different cryptocurrencies, the top three most valued and respected have remained relatively static in the past ten years. Ethereum, Tether, and Bitcoin are the most valued, respected, and popular cryptocurrencies currently on the market, so let’s take a look at the prospects of all three.
First, we will take a look at Tether, which, unlike its three contemporaries, is a stablecoin. The appeal of tether lies precisely in its stability, as for the duration of its existence it has remained at $1, rarely, if ever-changing in value. Some experts, however, believe that in the future Tether’s value will increase to $1.2, so many people are investing in Tether as a safe option.
Ethereum is the second most highly valued cryptocurrency on the current market, with an estimated value of over two thousand dollars. Ethereum’s appeal lies in its network’s use of NFTs (non-fungible tokens).
Estimations regarding Ethereum vary, with most believing that its value will increase drastically to $5,000 by the end of the decade, whereas others believe that the digital currency will reach a record high value of $10,000 by the end of the decade.
The undisputed king of cryptocurrency is, of course, Bitcoin. With its current value of over $35,000, no other cryptocurrency has ever gotten close to Bitcoin. Not only that, but the future of digital currency is bright, as most experts estimate it will reach an unprecedented $100,000 dollars by the next decade.
Overall, the future of the crypto market is bright, and the time is ripe for making investments in cryptocurrencies.
