Deutsche Bank Research conlude that demand of cryptocurrencies or alternative money can be avoided. 2030 cryptocurrency will replace fiat and there will be blokchcain mass addoption.

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank.

https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

Booming of defi project has indicated that blockchain tech and cryptocurrency will soon take over the bank services. Lending, borrowing, and investing money in traditional banks will soon move to defi. When banks do not respond to the issues, I think there will be more investors move to defi project than bank investing. Bail out in banking industries is one of the barriers from investors to save their money in investment platform in banks. Though,there are some scam defi projects, defi becomes most attractive investment platform in this second mid 2020. Defi project will gain its perfection in 2021 and 2022.

Though, cryptocurrency is predicted to replace fiat, there are some basic homeworks for cryptocurrency supporters to accomplish these issues.

1. Regulation

Since cryptocurreny is identical to anonimity, many countries still do not accept cryptocurrency as the payment system. Though cryptocurrencies are not banned, they still not comply with some regulations. Therefore, there countries treat cryptocurrency as digital assets not as money. Digital assets are legal to be traded but illegal to a mean of payment.

2. Security

Security is a great issues. Many new crypto user are vulnareble to the leak of assets. They don't have much knowledge about private key, paraphrase , mantra and pasword. News about hacked exchangers with million USD stolen assets make new comers in cryptocurrency think twice.

3. Volatility

Up and down of the coin price is a matter for merchants to accept cryptocurrency payment. They do not want to take risk of loosing profit due to the dumped price of coins. Merchants prefer accept CC, paypal and fiat to cryptocurrencies. A coin price can down to 30 % value only in a day. That is a big problem for businessman.

4. Transaction fee

Transaction fee is not problem for low volume of transaction in a network. When the network is loaded with large number of transaction, the transaction fee will increase to confirm the transaction. That will be a big issues when the fee is irrational. Many coins holders will move their asset if the transaction fee always matters.

5. Hardfork

Hardfork is a split chain of a coin. It will result two different coins. Wallet holders will earn airdrop 1:1 distribution. Hardfork will influence both native and new coin. Persons or companies with large amount of money can fund hardfork of a new coin. They fund to get short time profit from airdrop. They spend money for developers, miners, masternodes and exchangers. With strong funding, hardfork will be succesful in the market. That is a quick money creation methode in cryptocurrency. You may not aggree with this model of creating money but this a real case. How many hardforks of bitcoin? I am not sure but bch, btc diamond, btcsv, bitcoin gold, and other bitcoin coin forks. By hardforking, developers and supporters will earn quick money. Is this accepted in real economic ecosystem? Does this comply with government regulations? Those are big questions.

WE ARE WAITING

In the early 2018, there were massive bans of ICO. However, crypto developers and start ups did not give up. In the early 2018, ICO looked dieing but in 2019 to 2020, there were big investors that support cryptocurrency new projects. In 2020, the boom of defi has made many people aware that technology behind cryptocurrency - Blockchain- will be mainstream in the next five years. How do you prepare to the boom of cryptocurrency mass addoption in 2030? Will you be a new milllionares with your cryptocurrency assets?

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