Tech Development, Investments and NFT to Drive Crypto Adoption in 2020

In particular, how global financial and technological trends will affect the adoption of cryptocurrencies in the coming year.

Despite the critics, the number of industry experts and crypto enthusiasts who foresee a promising future for cryptocurrencies has been on the rise.

Institutional investors are now paying more attention to crypto-related projects and products, and universities have even started to offer courses on cryptocurrency and blockchain technology.

Could cryptocurrencies provide a much-needed solution as early as 2020?Increased use of AI and the IoT.No matter the industry, experts are more than willing to proclaim that artificial intelligence is the next big thing in their industry.

The good news is that the crypto industry has various applications where AI can be used to make cryptocurrencies attractive to the mainstream public.

Basically, interest in cryptocurrencies or digital assets has matured from a reserve group of early adopters to financial advisors, traditional hedge funds, and family offices taking a keen interest in the industry.

What's most fascinating is that despite the heavy regulatory pressure and volatility that the cryptocurrency industry has been facing, these institutional investors and endowment fund managers are hardly showing any signs of stepping away.

Cryptocurrencies like Bitcoin could provide a hedge against the cashless movement, allowing people to transact value without the involvement of third parties or the government.

As societies go cashless, the demand for alternative payment methods such as what Bitcoin and other cryptocurrencies offer will be in demand.

With increased global economic uncertainty, cryptocurrencies will likely provide a hedge against negative interest rates.