Cryptocurrencies can become "digital gold".
Cryptocurrencies can become part of the global financial markets. They can take the place of gold, only in digital format. Gold has long been a safekeeping asset in which many have stored wealth. Cryptocurrencies are the digital alternative to gold.
According to crypto analyst Wood's Ark Investment Management LLC, the market capitalization of the cryptocurrency could reach $ 10 trillion. Bitcoin can reach a capitalization of $ 700 billion within 5 years. This will be the achievement of gold parity.
Also, Nobel laureate Paul Krugman stated that cryptocurrencies can continue to exist as an alternative to gold. But not as a means of payment.
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