Is Digital currency the next big thing; the transformation of physical money market, or would it become a commodity or it’s just a craze that tarnishes with time?
There are numerous opinion on Cryptocurrency. Some people vouch, it’s just a confusing scam; a strategic way to collect funds for some special interest. It can vanish any time and there is no place to complain about it. Whereas some see it as a revolution in money market, it’s the future of digital currency. It’s not the bubble like “.com” and “housing ” market that collapsed. Its the next big thing in technology transformations.
The surge, volatility, and massive transactions in the digital exchange mostly illuminate the foreseeable future of Digital Currency. The bounce back of major currencies after falling so low also adds to the notion that digital currency is here to stay. There is no doubt that there are various experiments and research on the block chain process; a technology that is the foundation of Crypt-currency; mocking called the crazy market. Could there be innovations that changes the conventional way of transactions? Most banks, facilitating the crypto market transactions with ease of access to funds, suggests that they might have their stake in the technology and it could transform the way business transactions are performed. If this is the case, we can say we are destined to see the transformation in the near future.
Would the digital coin be regulated by government? Would every government have their own digital currency? Will Bitcoin be the next gold ? This is yet to be seen. However with rumors that various governments are set to disclose their own currency, and greater public acceptance of the digital currency, we could see changes in future.