Amid increased bitcoin volatility and companies charging against virtual currency we look at crypto regulation in different countries. While some introduce heavy regulatory burden on virtual money activity, others remain positive and crypto friendly. Read More… about How is cryptocurrency regulated in different countries
Blockchain’s purpose is to store and transfer information. Blockchain makes data transactions available publicly, easily accessable and immutable. Blockchain can solve tons of issues of modern industries, which hugely depend on continuous exchange of information (i.e. IT, finance, logistics, etc.).
Nowadays we are in the very early stage of development of blockchain technology. It can be compared to internet in early 2000s. Nobody could predict back then how far the industry would grow. With time internet became one of the most important parts of our life, and now we can safely assess almost all the world’s major internet companies. Just look at the market cap of Amazon, Facebook, Google, etc., and you’ll get the answer.
But how can you estimate the value of all blockchain platforms? The most simple and obvious answer is via total cryptocurrency market capitalization. Needless to say how extremely volatile is cryptocurrency market at its early stage, making it hard to provide insightful info of the real worth of the technology.
The purpose of this article is to look into the future and speculate on the potential value of cryptocurrency market once it matures, in other words, make a prediction of how big the demand for blockchain technology will be in, say, 5-10 years.