Upcoming Year – A Guide to Cryptocurrency in 2020
As the new year approaches, cryptocurrency investors and enthusiasts alike are looking ahead to what 2020 may bring. The future of cryptocurrencies is uncertain, but there are a few areas that could be major points of focus for the coming year. Here’s a look at some important topics related to cryptocurrency in 2020:
Regulation: Regulation surrounding cryptocurrencies has been an ongoing issue since their inception. Countries such as China have recently imposed strict regulations on their citizens trading and using digital currencies, while other countries like Switzerland have taken more progressive stances. Many analysts believe that regulation will continue to be a big topic in 2020 with both positive and negative effects on different markets around the world.
Adoption: Despite its volatility, many large companies have started investing in crypto-assets or launching their own tokens — signaling a growing level of adoption by mainstream businesses worldwide. In addition, blockchain technology continues to be used by various industries outside of finance such as healthcare and supply chain management — further increasing the likelihood that it will become an increasingly accepted form of payment over time.
Innovation: Blockchain technology offers immense potential for practical applications beyond just financial transactions; however this potential has yet to be fully realized due to scalability issues with existing solutions (such as Bitcoin). This means that developers need better tools for creating decentralized applications so they can take advantage of all the benefits provided by blockchain technology without compromising performance or security measures – something we could see happen throughout 2020 if certain projects succeed in delivering viable products/solutions before then end of 2019 .
Security: As more people adopt cryptocurrencies, cybercriminals will also increase their efforts targeting users’ wallets and exchanges where they store coins/tokens; therefore one should expect even higher levels of security being implemented (both at user-level & exchange-level) during next year compared with current standards today . Additionally , governments across different regions might introduce stricter regulations when it comes down protecting users from fraudulent practices & scams within this industry – which again would result into safer environment overall .
