By its very nature, the future is unpredictable. For instance, few could have foreseen the recent COVID-19 pandemic and the effects it would have on our lives. But to survive in the business world, you have to have a bit of a soothsayer in you. By looking at current trends and using them to predict future realities, you can stay on the cutting edge of entrepreneurship and set yourself up for success. Here are some predictions for the future of entrepreneurship.

Cryptocurrency will change everything

Cryptocurrency like Bitcoin is a controversial subject. Some billionaires like Elon Musk invest heavily in it, while others like Warren Buffet call it a “mirage.” But like it or not, cryptocurrency and blockchain technology will likely change how we make transactions in the future. The most significant difference between Bitcoin and our current monetary system is that the “coins” don’t actually exist. The coins are just algorithms, and the blockchain is a secure ledger of our transactions. It’s a currency for the digital age.

Young people will take over

The older members of Generation Z are entering the workforce, and they’re not looking to join pre-existing companies. They are eager to be entrepreneurs and start businesses of all sizes, and set their own rules. There are even systems already in place to support them, like universities offering resources to graduates who start their businesses. With so many young people ready to create their companies and industries, the chances of changing the world also increase.

Ideas are king

Companies like Google, Amazon, and Apple have profoundly affected how we live our lives. But the driving force behind all these great companies has always been an idea, whether it be a better search engine, a way to buy books online, or technology that anyone can use. Ideas are easy to come by, but in the future, coming up with the right idea that will shake up the world will be critical. It’s relatively easy to start a successful local coffee shop. Starting the next Starbucks will take one brilliant entrepreneur.

The future is unpredictable, but it has to be predicted to stay on top in the business world. Things like cryptocurrency, new ideas, and fresh faces will all work together to change the world.