Cryptocurrency in the past
For everything we’ve just set out, for all the promise and potential of cryptocurrency, it’s still very much a niche product. There are 30 million wallets, and even one hundred thousand merchants accepting it, and even $500 million in VC money now invested in cryptocurrency projects. Those numbers pale next to the 6 billion people in the world, or the 23 million businesses in the United States alone.
Nobody’s fully studied how much business merchants are doing with bitcoin and cryptocurrencies, but actual reports tend to peg it at a low number, about 5 percent of total sales.
Is Cryptocurrency going to be this revolutionary, global force?
If Cryptocurrency is going to be this revolutionary, global force, some evolutionary things are going to have to happen first. For one thing, the stain of association that cryptocurrencies have with the Silk Road site and Mt. Gox is still visible; most people simply assume the whole thing is some kind of scam. At a bare minimum people have to feel as if cryptocurrencies are safe and not liable to suddenly lose value. They’re nowhere near that right now. A mid-2018 survey found that only about 60 mil of U.S. citizens were aware of bitcoin, only about 10 percent had used it, and 25 percent said they were unlikely ever to use it (and those numbers were an improvement from a survey several months earlier).
The cryptocurrency to actually become a dominant monetary power, it could create economic forces that would shock most global markets . With the creation of new Crypto, our global economy as currently constructed is predicated on inflationary currencies. Crypto holders rightly point out that this can have a destructive effect for anyone with decent savings, as it means those dollars and euros lose value over time.
The future of Cryptocurrency
Cryptocurrency news: Bitcoin & Crypto hit multiple new all-time high prices, regulatory talks with potential to have big impact on the industry, and more institutional buy-in from major companies. All the while, people’s interest in crypto has skyrocketed this year: it’s a hot topic not only among investors but in popular culture too, thanks to everyone from long-standing investors like Elon Musk.
In many ways, 2021 has been a “breakthrough,” says Dave Abner, head of global development at Gemini, a popular cryptocurrency exchange. “There’s tremendous focus and attention being paid to [the crypto industry].”
Is cryptocurrency been embraced?
Bitcoin is a good indicator of the crypto market in general, because it’s the largest cryptocurrency by market cap and the rest of the market tends to follow its trends. Bitcoin’s price has taken a wild ride so far in 2021, and in November set another new all-time high price when it went over $68,000. This latest record high follows previous high points over $60,000 in April and October, as well as a summer drop to less than $30,000 in July.
So clearly just looking at the numbers we can see that cryptocurrency is becoming more popular, there are knew crypto projects coming every day and some of them are absolutely mind blowing, one thing is sure crypto currency looks really promising so let’s see.
Making a Plan Before You Jump In
You may just want to buy some cryptocurrencies and save them for their potential growth in the future. Regardless, you must have a plan and a strategy. Even if your transaction is a one-time thing and you don’t want to hear anything about your crypto assets for the next ten years, you still must gain the knowledge necessary to determine things like the following: What to buy, When to buy, How much to buy, When to sell. I will make an article regarding that. Always with Crypto is important to watch the latest news and check daily price chart likely we offer that.
Sign up now: Get Smarter about Cryptocurrency with our weekly Free newsletter
Do you have any question? Reach out to us in any other social media, we will do our best to respond After you are Following Us 🙂
Instagram ——Twitter——-Facebook——Quora—Medium
Do you like the Article? Please share Thank you…
**this post contains affiliate links that will help me create new content without additional cost for you **
**I’m not a financial advisor **
Here we will Share others post you might like
Next Article: Are cryptocurrency a good investment?
Next Article : Cryptocurrency scams and how to avoid them
Next Article: Cryptocurrency for dummies
