As we all know that with great power comes great responsibility. The digital system that is the backbone of bitcoin is encrypted and is highly secure. But the hackers are adapting at a faster pace to this encryption and if they equip themselves to hack the blockchain, then in no time all the bitcoins will be in the hands of the hackers. This makes the digital currency a game of the breaker and the saver. Hence considering all these factors and also examining all the various advantages and risks the system possesses it becomes very difficult to predict the future of cryptocurrency bitcoin. The growing acceptability of the payment mode by people regardless of their central banks clearly shows that the gaps in the current system. Banking procedures and ways need to improve before this turns in a digital disaster.
The current monetary system should take a cue from the success of bitcoin and form solutions to address it instead of simply replicating it to compete. Technology has brought much advancement to the system and the attractive part is that they have been also accepted by the conventional people. Bitcoin might just be far fetched idea or a brilliant step whose future we might not be able to predict. Whatever it may be but right now blockchain is having a dream run and let’s hope it does for a better future.