In my opinion Cryptocurrencies are here to stay.
There has been lot of scepticism around cryptocurrencies mostly because of three factors:
- Lack of proper understanding of how cryptocurrencies work and considering cryptocurrencies as a form of digital asset instead of a medium of exchange.
- Amount of transparency cryptocurrencies can bring to digital economy
- Fear of digital fraud
Because of the above, regulatory bodies across the world are currently considering means to curb misuse of cryptocurrencies, which for the time-being might have been in form of blanket bans by some of them. Given the advantages of cryptocurrencies these bans are anything but permanent. It is imminent that cryptocurrencies shall have a fair share of the world’s economy in the not so far off future to come.