There’s been a lot of hype over the financial future of our country lately.
With the pandemic, the number of cyberattacks increasing, and the question of stock market movement in the immediate future, it’s hard to know where to look.
Though I don’t have a crystal ball that can tell us what to expect in the world of finance over the next few months, I do have a fair amount of insight on what we can expect in the next few years.
I can tell you where the money is headed, and if you follow its path, you’ll find yourself ahead of the game as we move on to the financing of tomorrow.
The answer of where the money is headed may not come as a surprise. Many big businesses (Facebook, Apple) are jumping on this bandwagon, and if you haven’t thrown your hat in the ring, it’s about time you did.
The goldmine I’m referring to, of course, is cryptocurrency.
Now, if you follow this column, cryptocurrency is nothing new to you.
But though we all have heard the term and you may have even invested in the digital currency by this point, the legitimacy and scope of crypto has always remained in question.
Until now.
A large part of why cryptocurrency has remained somewhat obscure over the years is because it’s new. It’s a different way of thinking about money, and it’s a different way of keeping it safe.
Plus, up until now, it has remained fairly independent of government hands.
But, with several countries surrendering to the inevitability of digital currency—including China, with the People’s Bank of China announcing the launch of their own digital coin—cryptocurrency is gaining legitimacy and approval like never before.
And, in the age of digitization, industries are beginning to monetize on the diverse potential of the blockchain.
For example, the NBA and the MLB have both launched digital coin trading systems for unique photos and videos of games and players. Crypto.com has launched a cryptocurrency version of PayPal, and new crypto mines are growing all over the world.
In other words, cryptocurrency is here to stay.
Why?
There are many reasons, including ease and speed, but the biggest reason is security. Living, as we do, in a world where technology is supreme, the need for a new way to protect information—especially related to money—has made itself clear.
And, as many are beginning to realize, cryptocurrency, with all of its unique processing and individualized transaction data, may be the solution.
According to financial analysts, in the next decade, we will see an epidemic of government-sanctioned cryptocurrencies around the world, and sooner or later, our country will join in the trend.
After all, the cryptocurrency market was valued at $856.36 billion last year, and is expected to rise at a rate of 11.9% through 2024.
That’s more than just petty change.
The credibility and benefits of crypto are increasing constantly, leading to a future where currency is dominated by blockchain and digital coinage.
Are you invested in the future?
If not, now is your chance!
