Cryptocurrency has become much bigger in recent years than many could have anticipated, but the question remains- what does the future look like for cryptocurrency?
While some see risk and failure, others see limitless potential for growth and reward. With large companies such as Tesla, Visa and Mastercard beginning to accept the most popular cryptocurrency Bitcoin, which recently reached an all-time high price of $50,000. Many see Bitcoin as having the potential to replace the United States Dollar as a global reserve currency.
Mastercard are hoping to start supporting certain cryptocurrencies directly on its network later this year, and VISA are also preparing their payment networks to handle most popular cryptocurrencies.
Electric Car company Tesla are one of the biggest companies pushing for Bitcoin adoption and having invested in 1.5billion dollars’ worth of Bitcoin, the company have now began accepting the cryptocurrency for their products.
Many online casinos have also considered the prospect of introducing bitcoin into the gambling industry, as the currency allows for anonymity of users, data security, fee-less transactions, no interference, or involvement from financial institutions as well as safety of winnings.
While the future of Bitcoin and other cryptocurrencies looks promising, it is always important to remember that these currencies, while mostly stable, can at times be extremely volatile – invest only what you are prepared to lose in the worst-case scenario.
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http://ucd-5469086.hs-sites.com/en/cryptips
http://ucd-5469086.hs-sites.com/en/different-types-of-cryptocurrency