In an interview with Time, futurologists Thomas Frey and Dr. James Canton of the Institute for Global Futures give their point of view on how blockchain and cyptocurrencies will reshape our future.
Thomas Frey, a successful author and futurologist, “Cryptocurrency is very much here to stay”. He goes as far as saying that “Cryptocurrencies are going to displace roughly 25% of national currencies by 2030" because "they’re just much more efficient, the way they run."
In an interview with Time, futurologists Thomas Frey and Dr. James Canton of the Institute for Global Futures give their point of view on how blockchain and cyptocurrencies will reshape our future.
James Frey proposes an interesting argument to defend his theory: "When people like (managing director of the International Monetary Fund) Christine Lagarde say cryptocurrencies could displace central banks and international banking, that’s very significant"
According to Dr. James Canton, the rise in the popularity of cryptocurrencies in the recent years represents "the legitimization of a new asset class emerging alongside the traditional global economy. I’d say you can expect an exponential increase of new investment vehicles to come from cryptofinance."
Dr. Canton continues by saying that cryptocurrency prices will probably continue to be cyclical: "I see crypto investments similarly to how I see traditional investments in stocks and bonds, which go through cycles. There is more volatility in cryptocurrencies. It’s a worthy area for people to experiment with their investment portfolios really carefully."
"The government is going to tend to play their role. I think the FCC could provide prudent regulation to accept and encourage innovation with cryptocurrencies," Canton finally said. "There’s a role for governments to participate, but I do think too much regulation will be intrusive."