Cryptocurrency Explained

Cryptocurrency is now regarded as an asset class (worthy of investment itself) and regularly hits the headlines. Cryptocurrency and digital currency have the potential to revolutionise the way we pay, borrow and lend. According to Deutsche Bank the current money system is fragile. Deutsche Bank sees that by 2030 digital currencies will rise to over 200 million users. In the “Imagine 2030” report, Deutsche Bank suggests that digital currency could eventually replace cash one day, as demand for anonymity and a more decentralized means of payment grows. There are forecasts that the number of users of cryptocurrencies will quadruple in the next ten years and reach 200 million. This growth is almost the same as that of the Internet for the first 20 years.

Cryptocurrency is now regarded as an asset class (worthy of investment itself) and regularly hits the headlines. Cryptocurrency and digital currency have the potential to revolutionise the way we pay, borrow and lend According to Deutsche Bank the current money system is fragile. Deutsche Bank sees that by 2030 digital currencies will rise to over 200 million users. In the “Imagine 2030” report, Deutsche Bank suggests that digital currency could eventually replace cash one day, as demand for anonymity and a more decentralized means of payment grows. Deutsche Bank predicts that the number of cryptocurrency users will grow 4x in the next ten years, reaching 200 million. This growth is almost same as that of Internet in its first 20 years.

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