The dawn of cryptocurrencies has led to one of the most exciting times to be involved in the financial industry. As an entirely new asset class is born, the investment landscape has naturally shifted and left many wondering, what is the future of finance?

For many, the traditional rules handed down by your parents to save money, buy a house, and invest in bonds and stocks simply do not work anymore. The sad reality is that while house prices have soared, salaries have remained largely stagnant. This disparity between home prices and salaries has led to a situation where many young people are unable to purchase homes, delay having families, and may even be unable to afford the basic health care they so desperately need.

It is, therefore, no surprise that these people have turned away from a broken system in the hopes of finding something more in the digital economy. As Bitcoin gains traction and becomes more mainstream, more and more individuals choose to invest their hard-earned money in Bitcoin instead of the inflationary-based currencies of central banks.

Similarly, many young investors are choosing not to participate in the stock market but rather are using DeFi platforms like Earnity by Domenic Carosa and Dan Schatt to invest in digital assets like cryptocurrencies and NFTs in the hopes of securing higher returns than would otherwise be possible. Is this the future of finance?

While it is impossible ever truly to know the future, it is certainly interesting to think about a world where pensions have faded away into oblivion and individuals choose to save in Bitcoin for retirement. A future where creators can monetize their art through NFTs as opposed to record labels or agents. A time when companies release their own cryptocurrencies instead of floating their shares on the stock market. Whatever the future of finance may hold, we suspect cryptocurrencies will play a role in it.