What about crypto money in 50 years? This is the opinion of the experts

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JAKARTA – We may not know what stocks in the S&P 500 Index will do next month or two years from now. But many have a pretty good feeling that they are going to increase, in the coming decades. Most of us also know what a stock is, and that definition has not changed over the centuries.

But it is not the same as cryptocurrency (crypto money). Some experts predict that coins will forever change the way we understand and interact with money. While other observers have warned of the dangers.

But no matter what one can expect from cryptocurrencies, it is increasingly difficult to imagine a future without them.

CNBC asked experts from a variety of fields to describe their vision for money in 50 years. Their responses have been summarized to be fairly clear to understand.

Ivory Johnson, Certified Financial Planner and Founder of Delancey Wealth Management:

Cryptocurrencies will disrupt traditional finance because one of their most attractive utilities is the ability to efficiently transfer cross-border payments with little or no fees, delays, or foreign currency fluctuations.

When it comes to bitcoin, 50 years is a long time and bitcoin could become the global reserve currency or the next AOL that will make a lot of people rich until they are sidelined by better technology.

Frederick Kaufman, author of The Money Plot: A History of Currency’s Power to Enchant, Control, and Manipule:

Long before 2071, the dollar will have more in common with cryptocurrencies than with silver or gold, so there is no reason to doubt the longevity of crypto algorithms as a store of value and a medium. exchange. All money is a form of encryption. It has been that way from the start, and as our lives move closer to the digital world, the urge to invest in tokens will only accelerate.

Ironically, this urge will connect us to primitive instincts and do its part to keep us human. “

Dan Egan, Vice President of Behavioral Finance and Investing at Betterment

Cryptocurrencies like bitcoin have proven to be useful for money movement and speculation, and they are unlikely to go extinct. But where and how we will generate energy to meet the demands of the growing crypto market is worth considering, as well as whether state actors who view it as a competitor of fiat power will turn it into a product of the black market. . “

Dragan Boscovic, Founder and Director of Arizona State University’s Blockchain Research Lab

Central bank authorities are busy crafting cryptocurrency regulations. They recognize that digital currencies are native to the digital economy and as such are set to become mainstream over the next 10 years.

Barbara Roper, Director of Investor Protection for the American Consumer Federation:

“Sorry. I decided some time ago that I was too old for this business.”

It’s up to you to define what cryptocurrencies are today, and how they would have developed 50 years ago. But it seems very clear that crypto money is real and can make a difference. Either for good or the other way around.

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