That I have no idea. My guess is it will take quite some time for that, 5-10 years maybe? Who knows? We can only speculate really.
But basically, there can't be infinite growth in anything. Crypto at the moment is essentially pulling money out of other sources (fiat, stocks, commodities..etc). The Bitcoin "store of value theory" explains this quite well. It basically suggests that the economy is moving money out of gold and into Bitcoin so the two commodities over time will eventually trade places in terms of value. That's a simplified explanation of course - fiat and stock money is also going into the crypto at the moment as well. But you get the idea.
In crypto in general you can see this principle at work. A bunch of money gets poured into a specific coin and the price rises. Then overtime the "crowd" moves on to the next "hot" token and the price of the original token drops and the price of the new token increases. Money jumps from coin to coin as market cap moves around.
Eventually the growth will slow down though and volatility levels should theoretically drop significantly - at least to a level more like stocks in the stock market. Future stability would be a good thing in my opinion. It would make the tokens more usable. People now are mostly only holding their tokens as an investment. They are taking advantage of the massive gains rather then using them for their intended purpose. As crypto becomes more regulated though it may also become more stable.
I completely agree with you about all of that, 5-10 years sounds right for the major volitality to reduce somewhat... could be many decades before we really see what the mature cryptocurrency market will look like
That I have no idea. My guess is it will take quite some time for that, 5-10 years maybe? Who knows? We can only speculate really.
But basically, there can't be infinite growth in anything. Crypto at the moment is essentially pulling money out of other sources (fiat, stocks, commodities..etc). The Bitcoin "store of value theory" explains this quite well. It basically suggests that the economy is moving money out of gold and into Bitcoin so the two commodities over time will eventually trade places in terms of value. That's a simplified explanation of course - fiat and stock money is also going into the crypto at the moment as well. But you get the idea.
In crypto in general you can see this principle at work. A bunch of money gets poured into a specific coin and the price rises. Then overtime the "crowd" moves on to the next "hot" token and the price of the original token drops and the price of the new token increases. Money jumps from coin to coin as market cap moves around.
Eventually the growth will slow down though and volatility levels should theoretically drop significantly - at least to a level more like stocks in the stock market. Future stability would be a good thing in my opinion. It would make the tokens more usable. People now are mostly only holding their tokens as an investment. They are taking advantage of the massive gains rather then using them for their intended purpose. As crypto becomes more regulated though it may also become more stable.
I completely agree with you about all of that, 5-10 years sounds right for the major volitality to reduce somewhat... could be many decades before we really see what the mature cryptocurrency market will look like
Yeah I agree. We may be a long time out. Crypto is like the wild west at the moment lol