This year, the concept of cryptocurrency reached its ten-year milestone. For many people, this is surprising to realise, given that there is so much controversy surrounding the topic of cryptocurrency. But nonetheless, here we are. Cryptocurrency has had a unique trajectory to get to where it is today, and it has been a journey from point A (the beginning) to point B (the current reality) that has been at times both challenging and rewarding. Now, cryptocurrency has finally started to find its footing in a world that is seemingly always becoming more and more engaging and driven to a digital and technological future. But what exactly has been the journey from there to here, and what comes next for cryptocurrency?
Cryptocurrency as a rising mainstream currency
It almost goes without saying these days that cryptocurrency is more popular than ever. But before it became this mainstream sensation, cryptocurrency was a modern marvel fighting to prove its worth time and again. Issues of security concerns and mainstream maintenance often came out of the woodwork, and this in turn created a surrounding atmosphere that was challenging and troubling to overcome at times. There were times when it seemed certain that cryptocurrency was going to fade in and out until it completely dissipated, but when the global digital revolution kicked into high gear, the tables completely turned, in the most important and interesting of ways.
The generations driving cryptocurrency forward
It is impossible to ignore that even despite a challenging journey to this point, cryptocurrency has continued to prove itself a power play in the modern world. Decentralised currency is the way of the future, and millennials and other younger generations are driving that future ever-forward. Millennials and other younger generations are the very same individuals who have grown up immersed in and surrounded by feats of technological association and digital innovation. So, being so comfortable and familiar with technological advancement and everything it makes so possible, is it really all that surprising that this is the generation that has pulled cryptocurrency into the limelight?
The convenience and efficiency of cryptocurrency mean that it is easier than ever to handle finances, in addition to the decentralised nature of cryptocurrency making it a faster and more reliable form of currency transference. By effectively removing the middle man from crypto transfers, purchases, and payments, financial back and forth has never been as easy or as reliable as it is through cryptocurrency.
What the future holds for cryptocurrency
Today, younger generations – who also happen to be the majority percentage of modern consumers the world over – are more and more driven to ensure that cryptocurrency continues to grow and expand. As of right now, the future of cryptocurrencies has never looked brighter, and it only continues to prove itself as a valuable contender for the leading future currency. While of course it is impossible to definitively dictate ahead of time how cryptocurrency will continue to evolve, it is important to note that, as far as it looks at this point in time, cryptocurrency is a force to be reckoned with.