Some people say that money rules the world. If you want to buy food, have shelter over your head, and see a movie, you need to have some hard-earned cash. Or, at least, it was true before introducing digital currencies.

Central banks all over the world are now creating their own digital currencies. Business transactions in the crypto industry are becoming more common daily, and it seems like those markets will become the norm.

But – will they be the future of money in general? Well, that’s the question yet to be answered. So, if you want to know the crypto market predictions and whether you should put your money into digital wallets, we have some answers.

The first aspect of the crypto market we will address in this article is decentralization. The basic idea is that decentralized markets are different from the traditional ones. The global financial system poses a lot of problems to many people all over the world. Especially after the 2008 crisis , where the blatant disregard of the ordinary people from the institutions and giant corporations made people so furious that some decided to take action.

They created a market that was supposed to be independent of the traditional one, politicians’ decisions, and the giant corporations' meddling. Is it, though? Well, not really, as you can’t work in the crypto world alone, so the global implications of war and pandemic will also hit those markets. Nevertheless, no board of directors will get rich on the backs of ordinary people, and no rules can be imposed to make themselves immune to any attacks.

And they are doing quite well at that. As Forbes points out - the total market capitalization of crypto is heading to become 1.7 trillion dollars in 2024.

The peer-to-peer concept is great as it allows you to send money directly between people without any centralized entity to keep track of everything. Cryptocurrencies enable peer-to-peer transactions without intermediaries. This decentralization is seen as a fundamental shift in how financial systems operate. You only need an internet connection and are set off to trade and earn money.

Another big thing when it comes to crypto markets and their progression into the future is the security aspect. Is it safe? Will we be getting our money’s worth if something happens? Well, yes and no. There is no crypto regulation right now that would make the crypto exchanges go after the individuals who would be tricking people into sending them money. No crypto-police seems to be taking action as well.

Nevertheless, fraud is usually illegal, so you can always go to your local authorities if you seek help. With some time, specialized units will be created to return your digital tokens to your wallet. The decentralized nature of crypto makes it a little bit harder to pursue shady individuals.

And that’s a problem as well. In the interview for COLUMBIA Magazine , R.A. Farrokhnia, the founding executive director of Advanced Projects and Applied Research in Fintech, stated that:

“Cryptocurrencies can be used for nefarious purposes, but hundred-dollar bills are also misused by criminals and others with malicious intent. Overall, the hope is that we will eventually create a balanced and well-defined regulatory framework to reduce unscrupulous activities without stifling responsible innovation. We have yet to see whether blockchain will live up to its potential or if it will degenerate into a system where the benefits will disproportionally favor only certain groups.”

On the other hand – are your securities, well, secure? Global payments in the cryptocurrency sector are among the safest in the whole world. When it comes to blockchain technology, virtual coins cannot be hacked. When it comes to Bitcoin mining, for example, it consists of over 1 million people creating security for the blockchain. You would need a computer that can beat all of the calculations that are being created in real-time, all the time. On the other hand, if you have such a machine, you already rule the world, and we are not quite sure why you are reading this article.

Next, we have the innovations aspect of the crypto space. Crypto enthusiasts often point to how easy the crypto transactions are, and how great crypto assets are in everyday work. Ankur Grover from The Financial Times points out that:

“Cryptocurrencies provide a solution to the limitations of traditional financial systems in our increasingly borderless world. Foreign exchange fees, long transfer times, and high transaction costs have been pain points for businesses and individuals. While conventional wire transfers can take up to 5 days to settle, cryptocurrencies like Ethereum, Stellar, and Solana offer transaction times ranging from mere seconds to a few milliseconds. This enhanced speed improves business flexibility and facilitates improved cash flow.”

Innovation is key when it comes to crypto markets. From something as simple as the mentioned transaction rate through complicated innovations in blockchain technology, cryptocurrencies seem to be the future of technology for now. New ideas, dApps, and coins with even better technology come to light daily.

Banking systems have been pretty stale for the last couple of years, so we are not expecting them to quickly catch up to the new and advanced cryptocurrency technology. Of course, the Central Bank Digital Currency provides this opportunity, but will it beat the everchanging crypto landscape? We are not so sure of that.

Digital assets are not a walk in the park, though, as they also tend to have issues with being decentralized finance. The markets democratize access, making it an excellent space for anything. So, you can expect some coins to increase, then fall short in a matter of months. This is similar to the Terra/Luna case , where the coin, previously considered a safe bet, rapidly dropped without warning.

It’s a high-risk, high-reward kind of situation. There are no guarantees that one day, all of your assets will become worthless in seconds. Of course, it’s a highly unusual situation, and we are more than sure that this will never happen, but it definitely could. The one thing about crypto, in this particular case, is that there is nothing to support its value other than sheer speculation and the quality of security. No company behind Bitcoin makes games or something similar. With the stock market, you can see the iPhones being made and why the Apple stock may rise or fall. In the crypto world, it’s always a mystery.

Cryptocurrency ownership is then much more problematic than fiat currencies, as you can’t pay for anything these days with only crypto. Of course, the dominant form may change so that the crypto can be exchanged in real-time with some Visa or Mastercard system, but it’s future, so we can only speculate.

Another future prediction for the crypto world is the complementary aspect. If cryptocurrency does not become the primary payment source, it may as well be complementary to traditional ones. The monetary policy of various countries will vary, but the ability to skip ahead of this system and use the crypto world seems like a good idea for most. As Ridham Modi from Highen Fintech Labs states:

“The future of crypto in the next five years could witness increased experimentation and deployment of Central Bank Digital Currencies (CBDCs). Several countries are actively exploring the concept of CBDCs, aiming to provide the benefits of digital currencies while maintaining control and regulatory oversight. Introducing CBDCs could bridge the gap between traditional financial systems and cryptocurrencies, leading to a more interconnected digital economy.”

It can serve various purposes as a digital currency next to the traditional one, from being a fast transfer, as we have mentioned before, to easier trading or a completely different approach to saving. In the complementary phase, it seems much easier to set aside differences between the fiat and digital currencies and start to see similarities.

Whether this would mean convincing financial inclusion of the crypto world into the traditional markets or trying to convey the concept of cryptocurrency to the common folk – whatever it is, the answers are there; we just need to start looking for them.

And finally, we have the aspect of the regulation that may be heaven or hell for the crypto world, depending on the circumstances. With the US and EU drafting the first few regulations for the crypto world, it seems that it will just become greater and greater, up to the point where crypto will have to decide for itself what it wants to be.

Anders Bylund from The Motley Fool states:

“Crypto regulations are moving forward on a federal level, though. The Biden administration has assembled a highly qualified team led by U.S. Treasury Secretary Janet Yellen and Gary Gensler, chairman of the Securities and Exchange Commission, to steer the cryptocurrency regulation process. Yellen has been tracking the sector for years, although sometimes taking a skeptical view. Gensler taught classes on Bitcoin, blockchains, and other cryptocurrency topics at the Massachusetts Institute of Technology in 2018.”

It seems that with those two on board, we can expect a rather middle-of-the-road approach, especially if combined with the overall skepticism of governments towards crypto. There is a threat of money launderers like in the Binance situation, and plenty of people treat crypto not as a decentralized market but rather a free-for-all, where everything’s allowed.

In our opinion, it has to have a path towards everyday use, especially with so many technological advancements. What does it need? Well, consumer protection, some AML laws in place, and not having “new Bitcoin” coming up every few days just to gather all the money and leave. Scammers and just plain criminals must be exiled from this land, and the crypto world will have an easy path to prosper. 

We are not recommending some central authority, but rather roadblocks for scammers and criminals. In our opinion, some large-scale investors would be more on the crypto side if it would be safer. Increasing popularity among the general public will also be seen once those changes are installed.

So, to answer this question, we need to say only one word. Yes. It is, indeed, the future of money. But not in a sense, everyone would burn their dollars and pay with Dogecoin. It’s a more complex issue that you must look at from many angles. The fiat currency will never go away. Crypto will also develop. So, the only sane thing to expect is that those two will help each other differently. 

US dollar will be somewhat added to the crypto space, and the crypto space will have more regulations in the long run. It’s an inevitable process that we can only watch and enjoy. In the end, the only thing benefiting will be us – customers. With all its fights against monopoly, the governments never thought about the question of having a monopoly for money. And with competition, you can only get better. Or jail everyone for having Bitcoin; that’s the other option. What will happen? Well, only time will tell. In the meantime…

So, now that we are all safe and sound, let’s talk about ways to safely acquire some coins! There are plenty of ways to accomplish that task, but there is no better, more secure, and more anonymous than Crypto Vouchers at RoyalCDKeys. With those, you can quickly get your coins with no issues, no flagging your account with crypto-related activity, only the quality product itself.

How does it work? Well, it simply adds the number of coins you want to buy as a gift card that you can redeem in your digital wallet. You can keep it or transfer those coins any time you like.

But why would I do that? – you may ask. Well, in this day and age, it seems to be that everything is getting more and more advanced; we are having less and less privacy. So, if you want to keep your investments anonymous for various reasons, getting a Crypto Voucher is the best way to do so. The operation on RoyalCDKeys will only be flagged as a gift card purchase, and in no way, shape, or form will it be connected to the crypto world. Let’s see how you can get your digital currency with no problems.

Getting a Crypto Gift Card Step-by-Step

• Create or log in to your RoyalCDKeys account; 

• Buy a Crypto Voucher for the coin of your choosing;

• Next, go to Cryptovoucher.io;

• Click “Redeem”;

• Enter the code you have just purchased;

• The number of coins you are gifted will be transferred to your cryptocurrency wallet or the gift recipient.

You must only remember to redeem this gift card within 180 days, as it will not be in use anymore after that. Just make sure that market timing is right.