SR014: Cryptocurrency Outlook: More Chasm Crossing

Cryptocurrency Outlook: More Chasm Crossing

In this paper, we provide our views of the cryptocurrency economy in the next 9-15 months. The only thing more difficult than forecasting the near future is forecasting for longer time frames, and with the rapidly evolving cryptoeconomy, forecasting for a whole year is dangerous enough. Make no mistake, cryptocurrencies are money.

Despite the attempts of economists and money center bankers and central bankers to fight this reality, the leading cryptocurrencies are money in varying degrees. The major ones are not as significant as the US Dollar, Yen, or Euro, but they are used as media of exchange amounting to trillions of dollars per year, and have been retaining value and increasing value rapidly, despite high volatility.