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  • The future of cryptocurrency?

     Davon Azpi updated 5 months, 4 weeks ago 1 Member · 1 Post
  • Davon Azpi

    Member
    April 1, 2022 at 3:50 pm

    I’ve read an article and found it very interesting.

    Will crypto become the future medium of exchange or just a scam? What should gov. do to catch the trend and/or protect their ppl from falling into some scam related coins??? 🤔

    Link

    The last 18 months have transformed cryptocurrency. Its growth has been faster than ever, yet its future has never been so unclear.

    Flush with time on their hands and few activities to spend money on, many consumers have forayed into crypto trading for the first time during the pandemic.

    Everyday consumers, many not sure exactly what the blockchain is, followed the viral trail of Reddit threads, where talk of “stonks” and “diamond hands” pushed thousands to collectively inflate the price of certain assets “to the moon”. This led to a whole new category of “meme stocks”, breathing life back into defaulting companies like GameStop and AMC, and shaking the market to its core.

    Analysts estimate that the global cryptocurrency market will more than triple by 2030. This all leads to one big trend. Cryptocurrency, once only understood among a relatively fringe community of anti-establishment investors, is now becoming a household name – and quickly. Analysts estimate that the global cryptocurrency market will more than triple by 2030, hitting a valuation of nearly $5 billion. Whether they want to buy into it or not, investors, businesses, and brands can’t ignore the rising tide of crypto for long.

    But crypto can’t seem to escape paradoxes anywhere. Investors believe in regulation, yet are worried about many of the impacts that regulation will bring about. They’re eco-conscious, but crypto has a huge carbon footprint.

    Digging into these nuances is key to understanding overall consumer sentiment – and predicting consumer behavior – around a very uncertain future of cryptocurrency…

    • This discussion was modified 5 months, 4 weeks ago by  Davon Azpi.
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