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AI could also have a big role in the future of crypto. Like I have bare minimum knowledge about crypto so, I could ask for AI's help to understand markets or find useful information, in this way it will be easier for me to manage my digital assets. But people needs to be careful instead of trusting technology blindly.
Governments will create clearer rules for cryptocurrency in the future but currently in my country Cryptocurrency is not recognized as legal tender and is officially restricted. Not only in my country, I have seen in other countries that it's banned there as well.
Overall, I think the future of crypto will be a mix of technology and we will have the freedom to use it legally, and of course, we will have some better rules otherwise we would get scammed easily. But I don't want crypto to replace normal money, I think both should continue to be there. So, yeah I think crypto could become an important part of our financial world in the next 5–10 years. I am excited and curious to see where this journey takes us.With time we became more updated.
In 2009, Bitcoin introduced for the first time as a digital currency, which is known as the first cryptocurrency, which mainly introduced two breaks off the chain of the banking system and taking control of our own asset fully. When it was 2015, I only heard about Bitcoin, and I didn't have too much knowledge related to it and in my country only very few people might have heard about it. In my opinion, cryptocurrencies started to open their wings after 2019. At the present time there are tons of cryptocurrencies in the market. At the present time, many people know about cryptocurrencies and cryptocurrencies are being considered as a future money of the future world.
It's true that cryptocurrency is getting popular in recent years but most of the people don't have to knowledge about cryptocurrency. I'm pretty confident that not more than 10% of people know about cryptocurrency. Again, many of them are very much afraid of investing in cryptocurrency, who knows about it because cryptocurrency is yet to gain the trust of the general public. Maybe most people end up suffering losses in the world of crypto. Maybe it's because of their wrong trading decisions, but somehow it is a reason for fear of people losing their money. So, I feel that cryptocurrencies still have a long way to go.
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