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WHAT IS THE FUTURE OF CRYPTO MINING?

https://www.terawulf.com/future-of-crypto-mining/#:~:text=The%20future%20of%20crypto%20mining%20is%20one%20of,grid%20to%20manage%20higher%20proportions%20of%20renewable%20loads.

The future of crypto mining is one of growth. The need for crypto mining will increase as the use of crypto currency increases worldwide. Bitcoin mining can speed the transition to a zero-carbon future while creating green energy jobs and helping fight climate change by enabling the grid to manage higher proportions of renewable loads.

Ex-Bitmain CEO says crypto can grow to tens of trillions of dollars

https://encryptobiography.com/2021/12/27/ex-bitmain-ceo-says-crypto-can-grow-to-tens-of-trillions-of-dollars/

Jihan Wu says the future of crypto could include exponential growth to a market worth over $10 trillion.

Bitcoin’s rally to an all-time high above $69,000 led the crypto market to a landmark breakout to $3 trillion in market cap in November.

Wu says even if 95% of projects fail, the 5% that thrive will have the potential to hit a valuation in the tens of trillions of dollars.

The global cryptocurrency market capitalisation recently topped the $3 trillion mark as Bitcoin and other digital assets rallied to new all-time highs. However, the total market cap has since dipped, with Bitcoin losing over 30% of its value in a month as it dropped from highs of $69,000 to test support below $45,000.

Despite the price collapse, Wu is optimistic long term and sees the trajectory continues to be that of growth. He notes in the interview that volatility is part of the crypto market today, but as the market matures, long-term gains will dwarf any of the wild price fluctuations seen over the years.


The Future of Cryptocurrency: 5 Experts’ Predictions After a “Breakthrough” 2021

https://time.com/nextadvisor/investing/cryptocurrency/future-of-cryptocurrency/

But the industry is only in its infancy and constantly evolving. That’s a big part of why every new Bitcoin high can be easily followed by big drops. It’s difficult to predict where things are headed long-term, but in the coming months, experts are following themes from regulation to institutional adoption of crypto payments to try and get a better sense of the market.

While exact predictions are impossible, we asked five experts about what they’re paying attention to in the crypto space for the rest of 2021:

Cryptocurrency Regulation

Expect continued conversations about cryptocurrency regulation. Lawmakers in Washington D.C. and across the world are trying to figure out how to establish laws and guidelines to make cryptocurrency safer for investors and less appealing to cybercriminals.

“Regulation is probably one of the biggest overhangs in the crypto industry globally,” says Jeffrey Wang, head of the Americas at Amber Group, a Canada-based crypto finance firm. “We would very much welcome clear regulation.”

China announced in September that all cryptocurrency transactions in the country are illegal, effectively putting the brakes on any crypto-related activities within Chinese borders. In the U.S., things are less clear. Federal Reserve Chair Jerome Powell said recently that he has “no intention” of banning cryptocurrency in the U.S while Security and Exchange Commission Chairman Gary Gensler has consistently commented on both his own agency’s and the Commodity Futures Trading Commission’s role in policing the industry.

Broader Institutional Cryptocurrency Adoption


Mainstream companies across industries have taken interest — and in some cases themselves invested in — cryptocurrency and blockchain in 2021. AMC, for example, recently announced it will be able to accept Bitcoin payments by the end of this year. Fintech companies like PayPal and Square are also betting on crypto by allowing users to buy on their platforms. Tesla continues to go back and forth on its acceptance of Bitcoin payments, though the company holds billions in crypto assets. Experts predict more and more of this buy-in.

Some experts predict bigger, global corporations could jumpstart this adoption even more in the latter half of this year. “What we’re looking at is institutions getting involved in crypto, whether it’s Amazon or the big banks,” says Weiss. A huge retailer like Amazon could “create a chain reaction of others accepting it,” and would “add a lot of credibility.”

Indeed, Amazon has recently sparked rumors that it’s making moves to that end by sharing a job posting for a “digital currency and blockchain product lead.” Walmart is also recruiting a crypto expert to oversee its blockchain strategy.


FUTURE OF CRYPTO MINING

https://globalftenetwork.com/fte-briefings/future-of-crypto-mining/

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An economic ecosystem is a community of businesses which interact with their environment in order to generate value, both for themselves and for the wider ecosystem.

In EntrepreneurCountry, the world is determined by an understanding of these ecosystems. Specifically, analysing those environments which are being reshaped by Digital Enablers who deploy network-oriented business models, focusing on the extraction and use of data to benefit the ecosystem in which they exist.

“A handful of YPO folks were doing their own crypto mining in 2017. One of my close friends and partners, Russell Cann, was part of that group. They wanted to hire the most prestigious person and were able to recruit Kevin Turner who was COO at Microsoft. Kevin had worked for Bill Gates for a number of years, as well as Sam Walton at Walmart.

“This got rolled quickly into Core Scientific which is arguably the largest hoster of bitcoin mining units in the world outside of China.

“Today the reward structure is 6.25 bitcoin per block that is placed out on the bitcoin network. 144 blocks a day until there are 21m bitcoin in circulation. Right now we have 19m. As it asymptotically reaches 21m, it will take roughly 120 years to get there given that every four years there is a halving event (from 6.25 to 3.125 in 2024).


To the moon

Exploring the paradoxical rise and uncertain future of crypto

The last 18 months have transformed cryptocurrency. Its growth has been faster than ever, yet its future has never been so unclear.

Everyday consumers, many not sure exactly what the blockchain is, followed the viral trail of Reddit threads, where talk of “stonks” and “diamond hands” pushed thousands to collectively inflate the price of certain assets “to the moon”. This led to a whole new category of “meme stocks”, breathing life back into defaulting companies like GameStop and AMC, and shaking the market to its core.

This all leads to one big trend. Cryptocurrency, once only understood among a relatively fringe community of anti-establishment investors, is now becoming a household name – and quickly. Analysts estimate that the global cryptocurrency market will more than triple by 2030, hitting a valuation of nearly $5 billion. Whether they want to buy into it or not, investors, businesses, and brands can’t ignore the rising tide of crypto for long.

More recently, the upsides of cryptocurrency have begun to attract institutions, and traditional finance is rushing to cater to the increased demand, such as U.S. Bank’s recent creation of a bitcoin custody service, which allows hedge funds to take a stake into digital currency.

Fast-forward to 2021, and the future of cryptocurrency is quite different. Crypto enthusiasts aren’t the ones mining bitcoin anymore, nor are they the only ones profiting from its success. Over time, the mining network has been ring-fenced by a few companies who can provide the huge amounts of computing power and electricity required to mine at scale, making it very difficult for independent users to get involved.


What started out as a fringe movement has, like so many other things, gone corporate as a result of its own success.

While the future of cryptocurrency will be shaped by regulators, it can also be influenced by brands, many of which are jumping into the market to fill the needs of the growing marketplace that governments have so far ignored. This can be through facilitating trades in a more comfortable, safe environment for “newbies,” or offering education and resources for curious intenders.

Peer-to-peer payment app Venmo is doing both of these things – offering its customers the opportunity to use a platform they’re already comfortable with to dip their toes into crypto, and providing easy-to-understand content to help educate intenders along the way. Established finance brands and fintech disruptors alike can be a bridge to the future of crypto.

Whatever the future of cryptocurrency holds, there’s a lot of work to be done to balance the risks with the rewards, and there’s a lot of opportunity for the brands and individuals who take on the task.