Although it all started with the inception of the Bitcoin network in 2009, the cryptocurrency industry as a whole was created roughly a decade ago. While there’re certainly more things that happened within that timeframe that we can explain here, it’s also worth visualizing and speculating on what could transpire within the next ten years.
As such, we asked the highly popular artificial intelligence chatbot – ChatGPT – about its take on the matter, and it provided some compelling scenarios on what could happen in crypto within the next decade.
1. Greater Mainstream Adoption
First things first, ChatGPT outlined a “greater mainstream adoption” coming within that timeframe as it envisions BTC and the altcoins becoming a substantial part of the global financial network and being used for transactions.
We have certainly seen developments on this front in the past few years. Two of the giants in the field – Visa and Mastercard – have both signed multiple partnerships with cryptocurrency firms to allow their millions of merchants to accept payments via digital assets through their credit and debit cards.
Despite the setbacks in the industry last year, Visa’s crypto head recently doubled down on his company’s positive views on the matter as they believe certain digital assets “have the potential to play an important role in the payments ecosystem.”
Mastercard, on the other hand, introduced a designated program recently aimed at helping banks launch cryptocurrency trading platforms.
2. Advanced Regulatory Frameworks
As adoption rises, the AI chatbot predicted that global watchdogs will want to keep a closer eye on the industry’s development. This has been a hot topic in the past few years, especially after the aforementioned “setbacks” from last year – meaning the collapse of
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Author: Jordan Lyanchev