Estimating the Future of Cryptocurrency
Cryptocurrency is open source, so everyone can create their own tokens at any time and can freely call the token as anything, including calling it a currency that has value. On uses other than cryptocurrency, Royal Bank of Canada has used blockchain technology in its banking system, and made blockchain tokens made by themselves as balances of customers and companies to implement decentralized transaction recording.
Understanding blockchain and cryptocurrency technology is nothing but a token blockchain that is subjectively referred to as a currency that can be made at any time and by anyone, so we can conclude that cryptocurrency like bitcoin is nothing more than blank paper rated subjective without the underlying asset being the fundamental value. Significantly higher prices for bitcoin and cryptocurrency today are due to a lack of in-depth understanding of cryptocurrency and the desire to speculate in order to get quick profits.
Lack of in-depth understanding of cryptocurrency causes market participants to assume that the cryptocurrency has a really limited amount that must be given a high value even though the reality is the opposite. With its open source nature, anyone will be able to make their own currency, so as time goes by there will be more and more new cryptocurrency to be offered which will result in the cryptocurrency ecosystem being over supply. When such conditions occur, the price of cryptocurrency will decrease slowly until in the end it has no value at all.
