Digital currency or better known as cryptocurrency is very warmly accepted by Indonesians. Cryptocurrency forums and Facebook Groups are scattered everywhere. Eventually, more millennials will jump into cryptocurrency. Who used to play forex, they will move to cryptocurrency like Bitcoin.
Cryptocurrency is very volatile, prices can go up 'like a rocket' and can also 'skydive'. However, not a few people who can get wealth directly or indirectly from cryptocurrency.
What is the future of cryptocurrency? Will they become extinct in the next few years?
The answer is that no one knows, but I can be sure the technology behind them will not be destroyed and might be better. Blockchain technology will become very common. Small to large companies will use this new breakthrough technology.
People who are speculative about Bitcoin or altcoin will be in the wrong position in the crypto market, losing their assets because they put all their assets in this digital asset.
If you are now in this position, you better sell your Bitcoin when prices are high and save fiat money to invest in land or gold. Because these physical assets have real value, while Bitcoin is more a gamble or a gamble (if you don't read charts or news).
Note: The price of cryptocurrency is very volatile and the Indonesian government has not provided specific rules for this investment. Everyone playing cryptocurrency must be prepared to lose all your money.
The Director of Communications at Holo, Matthew Schutte, has a pessimistic view of cryptocurrency. "By 2038, the euro, dollar and other fiat currencies will become extinct, and so will Bitcoin and cryptocurrency in this generation."
However, he is very optimistic about blockchain technology. "They won't go extinct because of the new token value, but they will go extinct because new coins have a new ecosystem.
Jason Labrum, owner of Labrum Wealth Management, said that all problems regarding Bitcoin and cryptocurrency can only be speculated, nothing is certain. "
Although, we still don't know how cryptocurrency and technology are behind them in the future. I only know one thing, which is that volatility will remain and will continue on future coins.
What do you think? Will Bitcoin still exist?