Five Factors that contribute to the virtualization of the economy: digitization, deregulation, decreasing costs, detethering, and decentering. President of Venezuela presents the country’s new currency, the Petro The scenario does not look very good for cryptocurrency. Will it ever be an alternative currency for real currency (hard currency)? Cryptocurrency has a space, because not all markets are regulated, especially with countries with sanctions and are unregulated, like Iran or Venezuela. They will trade in cryptocurrency, even Russia, they will trade in cryptocurrency to make ends meet, if they do not have hard dollars, they can always accept payments in bitcoins/cryptocurrency.If they want to survive and continue their business and using cryptocurrency on their legitimate side, especially with and countries and vendors willing to trade. It will always be an alternative,Like with shopping and e-commerce. But, will it replace hard currency? I don’t see it coming in 25 years, unless it becomes such a popular currency that it replaces hard currencies. I don’t see it happening, because governments will fight tooth and nail to protect their currencies and may regulate cryptocurrency. For example, the United States may ban the use of cryptocurrency. Then what are the chances of cryptocurrency being anywhere? The US economy is largest in the world, $22 trillion, and if it bans it, other countries will follow suit. Then it’s a different kind of ballgame. If the size of cryptocurrency use reaches the point that a country will do without it, so it hasn’t gotten to that point yet. The moment it crosses the threshold, at that point in time things will change. Thank you for watching!