Twenty/20 We may not know what the S&P 500 will perform next month or in two years, but we have a very decent idea that they will rise over the decades. Most of us are also familiar with the definition of a stock, which hasn’t changed in centuries. Of course, none of this applies to cryptocurrencies. Some believe the coins will forever alter how we think about and interact with money, while others fear a dangerous bubble. But, no matter what the future holds for cryptocurrencies, it’s becoming increasingly difficult to fathom a world without them. CNBC enlisted the help of experts from a range of fields to express their vision for currencies in the next 50 years. For clarity, their responses have been reduced and modified. o Delancey Wealth Management was founded by Ivory Johnson, a professional financial advisor. “Traditional finance will be disrupted by cryptocurrencies since one of their most appealing features is the ability to send money across borders with little to no cost, delay, or foreign currency swings. In the case of bitcoin, 50 years is a long time, and bitcoin might become the world’s reserve currency or the next AOL, which made a lot of people wealthy until it was dethroned by superior technology.” Personal Finance has more: States are hoping that free joints and other incentives would pique people’s curiosity. More colleges are requiring Covid vaccinations. As return-to-work plans kick in, more people are planning to resign. Frederick Kaufman is the author of a number of books, including “The Money Plot: A History of Currency’s Power to Enchant, Control, and Manipulate””Before 2071, the dollar will have more in common with a crypto than it will with silver or gold, so there is no reason to doubt encrypted algorithms’ longevity as stores of value and mediums of exchange. All money is encrypted in some way. It’s been that way since the beginning, and as our lives become increasingly intertwined with the digital world, the desire to invest in tokens will only grow. Ironically, that impulse will keep us human by connecting us to our primal inclinations.” o Dan Egan, Betterment’s vice president of behavioral finance and investing “Bitcoin and other cryptocurrencies have shown to be helpful for money transfer and speculation, and they’re not going away anytime soon. However, it’s worth wondering where and how we’ll get the energy to fulfill the demand of a developing crypto market, as well as whether state actors that see it as a threat to fiat power would make it even more of a black-market commodity.” o Dragan Boscovic, founder and director of Arizona State University’s Blockchain Research Lab “Central banks are now working on cryptocurrency laws. They understand that digital currencies are intrinsic to the digital economy and, as such, will become widespread in the next ten years.” · Barbara Roper, Consumer Federation of America’s director of investor protection “Sorry. I’ve determined that I’m too old for this problem.”/n
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