Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?
I think crypto would be more appropriate for an investment path either now or in the future. for transactions or exchanges in the real world, you still use each country's FIAT.
but don't be too attached like that, because you see the development of the crypto world is very fast. For example, now there are several countries that allow transactions using Bitcoin currency.
We are only a decade old but we have a fairly wide market response, many countries are now open to crypto because the technology is increasingly in the interest of young people in various countries, and today's generation is better at adopting technology, as in the countries of El Salvador and Argentina have begun to shift to more massive crypto adoption, of course the older generation also inevitably to get consumers they have to do business in the crypto world because indeed the transition of consumers is starting to shift the market, so it is not wrong for Blackrock and other financial management companies to look back at the potential of crypto to be used as one of their media to gain financial benefits.
Maybe in the future there will still be a transition between the overall use of Bitcoin and FIAT.
So the older generation who are still stuck with using FIAT still has time to learn new payment schemes using Bitcoin or cryptocurrency.