It has been a decade old debate now, as to when cryptos will finally take over the world’s financial structure. It is definitely a question of when, rather than if. Since Bitcoin’s inception in 2009, many have rejected the thought completely that blockchain and its biggest application, cryptocurrencies will have a future at all. Others, however, remain optimistic. The $200 billion market that aims to completely decentralize payments and all sorts of finances, definitely has a future, according to major crypto analyst and investor, Thomas Power.
Thomas predicts that there will be a worldwide economic recession ahead by 2020 which will last the next two years. This does not come as unpopular opinion, as many before have suggested that the next economic recession would be worse than the one 10 years ago. Power, however, is adamant that the real beneficiaries of the dip would be cryptocurrencies. Speaking to BlockPublisher, he said:
[Yes] Real crypto power appears in the old economy dips namely 2020-2022.
Thomas’ opinion is further validated by a number of important crypto personnel moving to share the same sentiment over the course of the past year. Joseph Young took to Twitter last month to express that “Crypto will be the only stablecoin when the next financial crisis comes”. Moreover, cryptocurrency enthusiast Ran Neuner also predicted that it will be the best thing for cryptos if a world crisis emerges in 2020 as Bitcoin will become the new gold. He also claimed to give the next two years to cryptos to lay the groundwork for infrastructure that will aid it in becoming the financial force by 2020.
The suggestion that cryptocurrencies will die off in the next decade is only hampered by the adoption and emergence of important financial structures like Morgan and Creek, Goldman Sachs, Coinbase and the Intercontinental Exchange. This only helps develop further trust into digital assets and heeds further institutions to become involved with cryptos.
Other such initiatives to power up crypto adoption include the #GetOffZero campaign by Morgan and Creek Digital founder Anthony Pompliano. Apart from the campaigns and set examples, it is rightly believed that a fiscal hit will further speed up the crypto adoption, which is only a matter of when and not if, anymore.