Elon Musk, Jack Dorsey, and Mark Cuban: The Future of Cryptocurrency

The widespread use of cryptocurrencies has already fundamentally changed our world. Now everywhere, online shopping, casinos with a wide range of online casino slots, investments, real estate purchases, everywhere you can use it as a legal and alternative payment method. We’ve gathered ten predictions from technology leaders about the future of cryptocurrencies

Elon Musk, Founder, and Ceo Tesla and SpaceX

“My policy, in general, is to do things that benefit people and increase the chances of a good future. It seems obvious to me that we should all do it. Cryptocurrencies are likely to make the future better. It will probably be better if we have successful Bitcoin, Ethereum, Dogecoin, maybe some other cryptocurrencies. I think it will have a positive impact on people’s lives and expand their power over the government. “

“I hope that cryptocurrency, in general, will increase the efficiency of the information system we call money. If the efficiency of money increases and there are fewer errors in the system (as I said before, errors are any government interference, fraud), that in itself will increase the quality of life and the power of each individual, which I very much support. “

Paul Graham, Founder and CEO Y Combinator

“A possible future scenario is that banks issuing credit cards begin to become increasingly careful about what transactions go through them. This motivates the general population to pay with cryptocurrency, which will eventually kill credit cards. “

Jack Dorsey, Founder, and Ceo Twitter and Square

“My hope is that cryptocurrency will create world peace, or at least contribute to it in many ways. The number of costs and distractions of our monetary system diverts attention away from bigger issues. For example, life. All of these distractions that we deal with daily take us away from the global issues that increasingly concern everyone living on this planet. It may sound silly, but if you fix the fundamentals, everything above will also improve dramatically. It’s going to be a long road, but I hope for peace. “

Dan Egan, Vice President of Behavioral Finance and Investing at Betterment

“Cryptovalts, such as Bitcoin, have proven themselves as useful tools for remittances, and now it is unlikely to disappear. However, do not forget how we will generate energy for the growing demand for similar digital currencies, as well as whether the solutions to the authorities consider them as competitors to traditional money, the driver is, even more, consolidating cryptocurrency in the black market. “

Ray Dalio, Ceo Bridgewater

“It is reasonable to expect that the bitcoin and cryptocurrency infrastructure, in general, will continue to evolve. In addition, the new paradigm we live in, in which many government bonds no longer offer the same yields as before and currencies risk depreciation, may accelerate the development of alternative stores of wealth. Like gold, bitcoin offers a stable and limited issue that cannot be broken by the Central Bank’s seal. Compared to some other traditional stores of wealth, such as gold, art, and real estate, Bitcoin is much easier to exchange. Indeed, given its digital nature, it could become the most portable store of wealth.”

Katie Wood, CEO Ark Invest

“Growing markets are suffering from huge inflation. Cryptocurrency can protect against it.” In other words, people’s purchasing power in these markets is decreasing. To preserve it, people will simply switch to bitcoin and other instruments.”

Naval Ravikant, founder of Angellist

“Cryptocurrencies are likely to be one of the greatest inventions in human history. One reason is the role of technology in unregulated areas. The examples of Uber and Postmates showed that it is very difficult for technology to change regulated areas, but more often than not, technology companies take off because they create their boundaries. You go into the digital world to do something new, free from interference and regulation – maximum creativity.

One area protected from technological innovation has been Wall Street, with the heavy regulation and bureaucracy that runs much of our economy. Cryptocurrencies can avoid that influence because they are decentralized. You don’t need the government to support the rate of cryptocurrency, which allows people to make transactions without any control – king, government, or corporation between you. Cryptocurrencies allow you to remove the state from the chain to create, store or protect wealth. “

Ivory Johnson, founder of Delancey Wealth Management

“Cryptocurrencies will undermine the realm of traditional financial instruments because one of their most attractive features is the ability to efficiently transfer payments across borders with (or without) minimal costs, delays, and exchange rate fluctuations.”

Mark Cuban, Entrepreneur, Owner Dallas Mavericks

“First of all, cryptocurrency will change your usual relationship with the bank. Now, dealing with a bank is quite troublesome: a lot of problems arise. For example, if I, you, or someone else wants to take out a loan, it requires a lot of paperwork, people to call, and a lot of confirmations. Now our relationship with the bank is built on trust: the bank knows about all our financial transactions, whether it’s gambling, sports tickets, or medical care. And the more we trust people, the more likely we are to be disappointed sooner or later. “

Lizl Bernard, Founder and Ceo CannaBizTeam

“Innovative companies looking to differentiate themselves from their competitors are using cryptocurrency to attract top talent from the labor market. The move to remote work is driving the spread of secure and simple cryptocurrencies. In the future, the number of companies using cryptocurrency to reward employees, whether it’s a cryptocurrency salary or bonuses, will only grow. “