Cryptocurrency and blockchain technology have been around for over a decade, but they just recently started to become more mainstream. In the past few years, blockchain has been used to build decentralized applications (dApps) that are changing how we interact with each other online.
Now it’s expected to become even bigger in 2023 as developers continue to innovate and players on every level enter the market. The next five years will bring many exciting changes as cryptocurrencies like Bitcoin continue their rise in popularity and impact our everyday lives. Here are some of the biggest trends we’ve seen in the crypto space this year and the expected ones over the next few years.
More stores are accepting Crypto as a form of payment
Cryptocurrency is now widely used for commercial transactions. The list of retailers, companies, and countries that accept cryptocurrency is growing every day. It’s hard to say what the future will bring, but it looks like more people are becoming interested in using crypto to pay for goods and services than ever before, and it’s looking like more will follow suit in the coming years.
Google to take cloud payments with cryptocurrencies
Google partners with Coinbase to bring Crypto payments to cloud services. This year, Google announced at #SearchOn, Google’s Cloud Next conference, that they will start accepting cryptocurrency as a payment method. It’s one of the biggest things to come out of the crypto space in 2022. It will be integrated into the Google Cloud Platform infrastructure service in 2023.
Cryptocurrency accountants and lawyers are in high demand.
With the rise of cryptocurrency, there is a spike in the need for professionals that can help people navigate this new landscape. Accountants and lawyers in particular are expected to be in high demand as they deal with complex tax issues and transactions with cryptocurrency.
In fact, some states have already seen an increase in lawyers specializing in blockchain technology or “crypto law.” Lawyers who work on these cases will need to be familiar enough with cryptocurrencies to ensure their clients don’t get stuck with hefty penalties at tax time, while also being able to explain how they fit into existing laws like securities regulations and intellectual property rights.
Rising Trend in Crypto investments
Cryptocurrency was once a marginal investment option, but as mainstream investors become more comfortable with digital assets, investing in cryptocurrency is becoming an attractive way to diversify your portfolio.
Cryptocurrency investing has been shown to provide returns that are unmatched by other asset classes over the long term. Investors who bought Bitcoin in 2010 would have earned huge profits from the rise in value of their holdings; if they held onto those coins until now and sold them during Bitcoin’s peak at near $20K a piece, they would have made about 3 million dollars per coin! If you purchased Ethereum in 2016 and held on through today (its current price), you could have earned almost 2 million dollars per coin by selling it right now!
Crypto offers several ways for investors to make money: buying into ICO tokens before they hit an exchange (which can result in exponential gains) and making smart trades based on technical indicators are some of the ways people are making money with it.
Cryptocurrency is set to become an even bigger part of our lives in the next few years, and it’s important to stay informed while enjoying these changes!
Online wallet is the new bank. Nine out of 10 people use a crypto wallet app on their devices to make payments and gain wealth. Cryptocurrency is a new form of money that exists purely in digital form.
Unlike traditional currencies, cryptocurrency isn’t backed by any central government or bank and can be traded like stocks or bonds. They are stored in these online wallets. If you wish to join the crypto wallet users, download SekiApp on your smart device.
The future of cryptocurrency is bright and it seems like things will only continue to get better. If you’re interested in investing in this space, make sure that you have enough knowledge and experience so that you don’t get taken advantage of by swindlers or bad actors. Stay tuned for more updates on how things are changing over time!