An expert has predicted crypto will 'dominate' the financial market by the end of the decade.
We're not even two years into the 2020s and it's already been a very interesting time to be investing in virtual assets.
At the beginning of the year, there were some record increases in the value of crypto as the market became more popular around the world.
Advert
Fast forward a few months and we've also seen some pretty rough crashes, leading many to wonder whether digital assets had exhausted all its buzz and hype.
While that conversation will likely linger for the time being, one expert reckons crypto will be a main player in the financial market by 2029.
Recently published research into crypto, the market and the people buying and selling the assets provided a fascinating insight into where the market is at the moment and where it could go if trends continue.
Advert
Finder's founder Fred Shevesta explained: "If the pace of education continues to grow and access to cryptocurrencies becomes easier, it will dominate by the end of the decade, especially among the younger generation, who lacked meaningful access to traditional finance.
"I think cryptocurrency growth will explode as technology evolves and there is an easy way to access technology."
It's also never been easier to get access and information on digital assets; with places like eToro providing all the necessary tools to get started.
It's predicted the younger generations' interest in crypto will help drive up the demand as time goes on.
Advert
Finder's data revealed Gen Z is investing or getting ready to invest in crypto at an unbelievable pace as they largely believe the form of payment will eventually become more mainstream.
While the assets have their severe ups and downs, El Salvador reckons Bitcoin is a sure enough bet that it has become the first country in the world to accept it as legal tender.
This could have a flow-on effect for people around the world, including Australia, to pick crypto to invest in rather than traditional avenues of investment.
Finder's crypto expert James Edwards adds: "Many Australians are far more concerned about the benefits offered by cryptocurrencies, such as Bitcoin as a hedge against fiat and inflation, as well as the ability to earn interest on assets through stablecoin and Ethereum's decentralized finance."
Advert
Only time will tell if these experts are correct.
Featured Image Credit: Alamy