Even with the recent market downturn, cryptocurrency will become increasingly popular and become a greater part of our culture. It’s here to stay. But I have no idea what it will look like in 5-10 years.
Bitcoin has grown exponentially since its inception in 2009 and hit an all-time high of $68,990.90 in November 2021. Coinbase became the first crypto company to be listed as a Fortune 500 company, and they sponsor an NBA team. Many of the best investing apps now offer crypto investing as more investors want access to these alternative assets.
Even though the crypto market has crashed and failed to meet analyst expectations, crypto is already mainstream, and with greater transparency and innovation, it will gain even more traction in the coming years. From an investment standpoint, this means it’s still early.