THE MARKET FOR CRYPTOCURRENCY: HOW WILL IT EVOLVE?

Abstract

This study examines the concept of cryptocurrency and gives a brief history and overview of its characteristics. In an increasingly electronic society, cryptocurrency could be the next step in the evolution of finance in the same way that the internet was a step in the evolution of communication. In the coming years, countries may even announce the release of national cryptocurrencies, although certain conditions must be met for these efforts to be successful. Although the market is still in the early stages, as it begins to mature, cryptocurrency may become more prominent, until it becomes the new status quo.