What will be the future of digital currency bitcoin and other associated cryptocurrencies?
It’s a difficult question to answer in a concise manner because not all cryptocurrencies are created equal. Some are centralized while others use decentralized networks, so they can be considered more anonymous.
The value of a cryptocurrency is determined by its decentralization, the number of users that participate in the network, and the overall reputation of the project/company.
Bitcoin is considered decentralized because it was created as a way to bypass the traditional banking system. However, this is not true for all cryptocurrencies, such as Ethereum or ripple
These cryptocurrencies rely on centralization for their value. For example, bitcoin can be considered centralized because it only has a 21 million total supply.