Cryptocurrencies have now become indispensable in the financial sector and have brought a new dimension to globalization. Bitcoin, which reached 17,000 USD levels in late 2017 and early 2018, suddenly caused people on the street to be interested in cryptocurrencies. But after this date, the negative comments made by some of the world's leading states for crypto coins; Audit and control request, regulation (*) studies, hacking events, sudden big ups and downs in values ??have created an increasing problem of trust in crypto currencies today.
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The absence of a central bank behind cryptocurrencies and the absence of bureaucracy in the transfer of cryptocurrencies worries states about the financing of terrorism and crime. For this reason, I think the regulations to be made will significantly affect the future of cryptocurrencies. Of course, here is the lion's share in the USA and the EU, we have seen how the prices of cryptocurrencies are affected by the regulations made by Asian countries.
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I do not think that cryptocurrencies will disappear completely in the future, when we consider blockchain technology, the presence of crypto currencies in the financial markets can no longer be ignored. In our globalizing and constantly developing world, economic models are also affected by this.
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In the long run we will see new economic models built on cryptocurrencies, so they need to be slowly integrated into the financial markets. I think that when the oil reserves of the USA decrease and the dollar starts to lose value in the future, it will be the world's first currency like the current dollar, and it will dictate its own crypto currency to the whole world. The process through which crypto pairs are going through today is its infancy. For now, let's at least minimize the costs of money transfers in financial markets and save time in transfer transactions such as remittance, EFT, and SWIFT by adopting blockchain technology.
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Regulation: All kinds of regulatory measures taken by the state to stabilize the country's economy and eliminate the imbalances that arise in the markets.
