As the cryptocurrency market continues to grow, experts are discussing its future, with a focus on global adoption and technological evolution.
Ki Young Ju’s Vision for Cryptocurrency Future
Ki Young Ju, founder of CryptoQuant, shared his thoughts on the future of the crypto market, predicting significant changes over the next five years. He envisions a shift towards a more organized collaborative labor system based on decentralized, tokenized, or smart contract user compensation models. Young Ju believes that crypto analysts, content creators, and data curators will move beyond monetizing attention to collaborating with different entities for information production.
X's Collaboration with Visa
An interesting development is X platform's partnership with card payment giant Visa to offer direct payment solutions. Linda Yaccarino, CEO of X Corp, believes the X Money account could later provide P2P payments and integrate crypto payments into the platform's 'everything app' vision.
Challenges in Adopting Crypto Economy
Some experts point out challenges to Young Ju’s model, such as the need for widespread adoption and technology infrastructure. Transitioning to such a model requires global adoption of crypto across various platforms. Users accustomed to 'free access to information' may resist such changes. Tech experts also highlight that the infrastructure needed to support these changes could be overwhelming, especially in terms of security and scalability of crypto assets.
The evolution of the crypto market offers prospects but also requires significant changes in adoption and technical support. Attention to future changes and challenges will be key to further industry development.
