Prediction 2021: Cryptocurrency Goes Mainstream
By 2023, cryptocurrencies will be in mainstream use by consumers. If you read or watch a lot of the media you’d think that Bitcoin was primarily the province of cyber criminals and speculators, but that’s starting to change.
China is planning to launch its own cryptocurrency this year, last year JP Morgan Bank launched the JPM Coin for digital payments quite successfully and Facebook is going ahead with its consortium to launch Libra later this year.
If those trends weren’t enough, let’s go from Wall Street to main street and you can now see ATMs for bitcoin in your local CVS Pharmacy and 7-elevens.
Regulators are starting to get on board now with cryptocurrencies. Germany’s financial regulator has announced that Bitcoin is acceptable as a legal financial instrument. Extending these trends out we’re going to see a very rapid acceptance of cryptocurrencies by both consumers and businesses over the next two years.