Futurists Make Cryptocurrency Forecasts for 2030

As futurist and visionary speaker Thomas Frey predicts, the world financial system will one day be decentralized. He is an author as well as a senior futurist at Da Vinci Institute and his latest forecast states that the next big move for cryptocurrency is the acquisition of all fiat currency within the next ten years or so. In an interview with Time’s Money, he declared that cryptocurrency is becoming a more stable, permanent system and will shake traditional banking by replacing around 25% of all state currencies as soon as 2030. This is because they are far more efficient to use.

Although Bitcoin and other currencies are used for digital payments or assets, they are not yet a very popular option to be offered by numerous retail stores and online businesses in the US and UK. This means that his prediction could really change the way transactions are made, both online and offline.

Frey draws attention to the International Monetary Foundation and its managing director, Christine Lagarde, who has previously stated that cryptocurrencies have the potential to replace traditional centralized banks and internet banking. He points out that this statement coming from the director of IMF is quite notable. His comparison of Bitcoin with real estate trades is not far off from how the US Internal Revenue Service (IRS) describes it- as property. According to Frey, a Bitcoin user is simply parting with a portion of their digital piece in the cloud. However, the difference is that cryptocurrencies do not receive tax benefits like real estate does.

New Asset Class

The 21st century has seen many prophesizes of crypto finance and their impact on the world economy. Another noteworthy mention is James Canton, the CEO of Institute for Global Futures. He has observed what many futurists alike have, “the legitimization of a new asset class emerging alongside the traditional global economy”.

He equates this asset class to the use of stocks or bonds and that both function in a volatile market capable of peaking and dipping. No matter the uncertainty resulting from cryptocurrency trade, there is a prospect in testing the waters. More and more crypto holders are joining the crypto market and Canton foresees an increase in the number of crypto holding vehicles in the near future.