Is a new python version comming?

I am installing a package via pip and when I do I get this error. Python 2.7 will reach the end of its life on January 1st, 2020. Please upgrade your Python as Python 2.7 won't be maintained after that date. A future version of pip will drop support for Python 2.7.
That made me keep wondering, will we get a new version of Python. Because if this gets deprecated, then what will we use?

Python 3 will still exist…