Expert Reveals The Future of Cryptocurrency – Grit Daily
It seems like every day, there’s a news story revolving around cryptocurrency. Is it a hot investment? Is it a flash in the pan? It can be hard to know for sure. On the one hand, it was just announced a crypto exchange company named FTX raised $400 million in a new round of funding, making them valued at $32 billion. Meanwhile, Bitcoin is down 46% from its record in November. So, what’s th…….
It seems like every day, there’s a news story revolving around cryptocurrency. Is it a hot investment? Is it a flash in the pan? It can be hard to know for sure. On the one hand, it was just announced a crypto exchange company named FTX raised $400 million in a new round of funding, making them valued at $32 billion. Meanwhile, Bitcoin is down 46% from its record in November. So, what’s the future look like? To answer that question, I turned to the CEO of HyperLinq, an analytical cryptocurrency trading terminal aimed at advanced traders.
Amar Gautam is a self-made software developer-turned-CEO and is out to change the way we trade cryptocurrency. He noticed there were tools to help track web prices, execute trades, track crypto wallets and give you advanced insights. But, there wasn’t one consolidated terminal to give traders all these resources in one easy-to-use manner. So, he created Hyperlinq.
Today, Gautam is leading a rapidly growing platform handling more than $105 million of managed portfolio capital and $400 to $600 million of trading volume every month. Not surprisingly, the former computer science engineer has his finger on the pulse of what’s happening in the crypto world.
“The majority of the companies in the crypto space are incredibly bullish on crypto,” said Gautam. “Last year, 2021, was a fantastic year since crypto trading saw record trading volumes in retail and institutional. With this increase of adoption, global regulators are working intensely to regulate the industry as more institutional buy-in and embrace crypto assets in their portfolios.”
Alongside crypto, we also see new areas opening up in the space, according to Gautam, including NFTs, Metaverse, DAOs, and Web 3.0. “With all of this being said, the outlook on crypto is bright,” he said. “But as more eyes are focused on crypto, more discussion on regulations comes, which is a positive outlook to validating the crypto space.”
So, what does the future hold for cryptocurrency?
Crypto Payments Will Become More Mainstream
Although cryptocurrency is very much part of the mainstream discourse, putting it into action in everyday life is still lagging. But, that is likely to change as more people are willing to embrace it. “As cryptocurrency continues to enter the mainstream, we anticipate seeing a major increase in both the value of cryptocurrency and the number of people using it,” said Gautam. “The fact is, you can today buy coffee with crypto already. But, it means we could see the average person pay for everyday products and services using crypto.”
Ethereum May Surpass Bitcoin
While Bitcoin might be the more well-known cryptocurrency, Ethereum is actually the second-largest cryptocurrency by market capitalization. And it stands to become the leader soon. “Ethereum’s gains in 2021 outpaced Bitcoin, leaving room for speculation that Ethereum could be named the most valuable cryptocurrency in 2022,” said Gautam. “This might come as a surprise to many, but it’s what the trend is leaning towards now.”
Digital Currencies Will Be Issued By Central Banks
The current crypto landscape is without regulations and centralization, which central banks are wary of. “Around the globe, we’re seeing nations consider introducing their own cryptocurrencies in response to private cryptocurrencies,” said Gautam. “The intent of national digital currencies is to sidestep the current unregulated, decentralized nature inherent to the current crypto landscape.”
