The future of cryptocurrency trading: likely scenarios

Xcelpay|3 min read|Nov 27, 2019

Cryptocurrency has already entered our life so tightly that almost every Internet user knows what it is. But for those who are not in the know, we’ll explain.

Cryptocurrency is a special type of digital currency, the creation and issue of which is regulated by cryptographic methods based on blockchain technology.The very principle of the existence of cryptocurrencies differs from classical national and international currencies. It is supported only by the computing power of computers.

Cryptocurrency does not depend on the country; it is impossible to control it by legal or economic methods - that is why it attracts so many investors.

The future of cryptocurrency trading: likely scenarios

Current trends in the development of cryptocurrency in trade and economic relations already allow us to make conspicuous forecasts of what will happen to it in 5-10 years.

In individual countries that have not yet decided on the status of BTC and other digital currencies, everything will depend on the specific political situation. For example, in Ukraine, two directly opposite laws are currently being developed: one requires restricting the turnover of Bitcoin, and the second says about equating it with the status of fiat currencies.

Until the cryptocurrency is legalized, this will hamper the development of its infrastructure. But will not stop her completely.

Globally, trends say that more and more European countries will equate Bitcoin with real currencies. In the EU, for example, a bill has already been passed that exempts BTC from VAT, and this is one of the first steps to recognizing it as equal in status to national currencies.

There are more and more experts in the world who are well versed in the economics of cryptocurrencies, as well as investors who invest their money in them. Increasing the volume of crypto turnover is a matter of time, and no legislative restrictions of individual countries can hold it back.

Today, the cryptocurrency market capitalization reaches $ 200 billion, and it continues to grow. As soon as the cryptocurrency market stabilizes and ceases to fluctuate so much - and this is necessary according to various estimates from 5 to 10 years - then Bitcoin and other digital currencies will become the same usual way of paying for goods and services as today are dollars and rubles.


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If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.

Consumers have the flexibility to store, send and receive cryptos from around the world.

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