crypto isn't going to go away for some time. Bitcoin due to the nature might get replaced by say something like Dash which is easier to use due to transaction speed.
That said at the end of the day, you are exchanging FIAT currency for digital currency then you make or lose money and covert it back to FIAT currency to get paid out.
That's like buying USD and converting it to JPY or EUR. All countries are printing money like mad. At the end of the day, you are trading paper for paper and the in the case of crypto, the medium of storage is digital, which is something equivalent to a bank. I am sure most of you get it but for those that don't, think of it as changing 3 dollar bills for 6 dollar bills. In the end you still get phony money.
Its most likely going to go up because the big fish in the ocean have not yet gotten involved. Rumors (take it as a rumor and not as a fact or even truth), the big institutions will get involved around 25,000USD.
So far the futures price was baked into all the recent rush in price. Soon when the big institutions get involved the price will most likely go up again.
Some day, if inflation goes out of hand people will realize that the solution isn't crypto for the people but a crypto for the government. A limited budget that is pegged to something. Now we used to have that with the gold standard. But that was inconvenient for the banksters and politicians.
Crytpo in this sense will not replace any major currency. Because limited printing is the last thing the world governments want. They want irresponsibility and control.
Major banks across the world are working furiously to get in on the crypto world. Most major banks are thinking of issuing their own crypto. This would depeg them from the interest rates that the government mandates onto them and allow to set their own interest rates. This means more customers who will park their money as crypto in their bank. Heck even google, apple, amazon are at it I hear.
At the end of the day, if things go really bad in our economy / society, the only things that will help you are the G ASSESTS. G as in GOLD, GUNS, GIRLS, GRUB, GASOLINE. It helps to remember that and we all hope it doesn't get that bad. Crypto is still a part of the FIAT because it's valued in FIAT.
If anything crypto is changing the world. There is a lot more going on in the world than most people can even begin to think. Credit card companies are crapping bricks. Transaction fees are going to get phased out if crypto takes control. Communication companies are really in trouble. With whom do you think they are sleeping in bed? Communications, credit card, and banking are all in the same bed. They have a strangle hold and are able to literally set their own prices for each transaction. These companies know this. And who do you think allows these companies to do what they have been doing? Ask you local politician. LOL Some very rich people are getting very antsy lately.
It's all just the beginning. If it gets phased out due to government regulations and tax laws, it will still make a major dent in the corrupt and nepostic ways governments around the world think. That's always welcome in any country any time of the history.
