There are always risks associated with long-range forecasts, but they are also good experiments. For instance, one year is too short a time to predict how things will change. But five years is enough to see how things will change.
The Metaverse may stop in its development.
Despite the widespread interest in the Metaverse, most people still don't understand what it is. The virtual world is a complete representation of a completely different world that can be operated in real time. It features a variety of functions and functions that are designed to accommodate different users. And despite the advantages of the metaverse, it will not be able to meet everyone's needs. For instance, some services will not be able to be integrated into the platform due to their operators' refusal to give up their control over them. This suggests that the unified metaverse might not be able to achieve its goals in the future.
Wallets will become “super apps”
Due to the complexity of the decentralized finance ecosystem, it is becoming more difficult for people to keep up with the various protocols that are currently being used. This is especially true for those who are new to the field. It is very disappointing that the mass introduction of cryptocurrencies is still not feasible due to the lack of proper infrastructure. Most people only care about the security and speed of their transactions when it comes to using a DeFi protocol. It is widely believed that a significant number of these protocols will eventually be turned into a backend, which will allow other services to seamlessly integrate with their existing applications.
Bitcoin will become a unit of account on a par with the US dollar or euro
Money is composed of three main functions: money, a store of value, and a unit of account. Some cryptocurrencies, such as stablecoins, are commonly used as a means of payment. However, other cryptocurrencies, such as Bitcoin, are also commonly used as a store of value. The US dollar is the world's main unit of account.
When Bitcoin eventually takes on the role of unit of account, it will represent a significant technological change in society. This will cause a shift in the way people think about money. It is very possible that this will happen in the next few years.
At least half of the top 50 cryptocurrencies will face a downward trend in value
The top 10 cryptocurrencies will significantly change in the next few years. Some of these projects, such as Ethereum Classic, will be removed from the list. Others, such as stablecoins, will be replaced by new ones. One of the most prominent projects that might be affected by this is Cardano. Due to the slow development of the project, it is believed that it might be forced to go down. Developers of this project are reportedly not bothered by the issue and consider it an advantage.
The crypto market will be fragmented along geographic lines
Although cryptocurrencies are considered to be global, they are not immune from the political influence of various states. Some of the countries that have already started regulating cryptocurrencies include the US, China, Russia, and India. These countries are expected to introduce strict regulations on cryptocurrencies in the next few years.
In the future, the various segments of the cryptocurrency market may work in favor of one or more countries. This is not a completely unrealistic scenario. We already live in this world.