Each passing year, though, sees more steps taken along that destined path.
Let’s take a look at 3 trends that can rationally be expected to prove importance as we head into 2020:
In recent years, we have seen officials make early efforts to regulate this new approach to financing, and the pace is starting to accelerate:
In the United States, for example, the Senate Banking Committee continues to hold relevant hearings. In Europe, meanwhile, the European Banking Authority recommended in early 2019 that the EU consider adapting existing laws to guarantee coverage of cryptocurrencies.
Big enterprises entering the fray
The viability of cryptocurrency as an everyday option has been in the making for some time. Even though Bitcoin awareness has increased dramatically, it was not really seen as something to use on a daily basis – and while e-commerce giant Shopify has announced the integration of Bitcoin for its hosting system, the industry-wide accessibility that followed hasn’t changed the wild value swings that make Bitcoin even more useful as an investment.
Cryptocurrency works completely in the cloud. This is useful for a variety of reasons, but it has the added benefit of easily supporting the implementation of automated systems and even machine learning algorithms for everything from financial management in risky trading.
The banking world has been moving in this direction for a long time and companies even pay huge sums for superlative internet connections to speed up fractional transactions, so online cryptocurrency only adds to the options. In cryptocurrency market, trading bots can follow your explicit instructions or use the signals provided.
The cryptocurrency world is in its maturing phase, struggling to shake off the gawkiness of the Bitcoin bubble and trying to show that it is ready to be taken seriously.