Cryptocurrencies About 80% of Bitcoin are in circulation, with the last 20% mined for supply over the next 120 years; it has the power to replace Gold to have a market cap of over $10 trillion by 2050. Over the next few months, bitcoin will be a direct beneficiary of slowing supply growth and accelerating demand growth across the cryptocurrency world. In the year 2018, the global cryptocurrencies market size accounted and is projected in increasing the growth of the market by around in the coming years. If there are 8 billion people in the world in ten years, and 5% of them use Bitcoin, that will be 400 million Bitcoin users. At about 2% GDP growth per year, the global GDP in ten years will be about $90 trillion USD, which means $9 trillion in cryptocurrency transactions including $4.5 trillion in Bitcoin transactions per year. If the governments accept the Bitcoin culture and other cryptocurrencies, by 2030, there will be no fiat currencies, and even the governments will move over to digital currencies, whether centralized or not. Cryptocurrencies, basically a new form of capital based on the fundamentally new technology - the blockchain, may be vital for companies in future: Productive use cases can be expected within the next five to ten years. The higher adoption of cryptocurrencies will give the unbanked far greater exposure to education, giving would-be students around the world access to an unbiased financial system that gives them access to the education they deserve. Without a doubt, the coming year is going to be a decisive one for Bitcoin & cryptocurrencies and their long-term future. Coinbase announced its new PayPal cash out options in the European market, which will make exchanging crypto into fiat currency easier for European crypto asset investors, and it turns out that almost half of the most successful U.S. fintech companies are involved in cryptocurrencies. In 2021, the European Union's market size for security tokens (~ $0.22 trillion) (~ €0.2trn) will be higher than the market size for cryptocurrencies (~ $0.13 trillion) (~ €0.12trn) for the first time. With the online shopping market size expected to reach $4 trillion in 2020, more cryptocurrency companies will need to be involved to make a worldwide adoption of cryptocurrencies a reality. Widespread adoption of the energy-hungry bitcoin cryptocurrency - a blockchain technology - could alone produce enough carbon dioxide emissions to push warming above 2 °C within less than three decades. Bitcoin market capital might reach $7 trillion by the end of the five year prediction period, surpassing the market cap of gold, leading to stability and global liquidity through the next five years. After Xi Jinping's comments expect the Chinese government to push the development of blockchain technology, ahead of the application of cryptocurrencies which are banned in China. Many have speculated where the top crypto will be in the next 10 or so years, with predictions ranging from Bitcoin dethroning the US dollar to become the global reserve currency, or that it will crush to zero and be forgotten. Bitcoin's energy usage is expected to double by the end of 2018, and in the future, Bitcoin might consume as much as 5% of the world's energy. Blockchain technology holds great potential, especially to optimise clearing and settlements, and could represent global savings of up to $6bn per year. It is inevitable that central banks - including the Fed - will start issuing digital currency, indicating that central banks will not stay out of the conversation much longer. With so many enterprises looking into digital assets and developing their own cryptocurrency, it is not a big surprise that half the population will be using Bitcoin by 2020. See full forecast Last updated: 09 August 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
