THE BOTTOM IS STILL FAR IN THE CRYPTO MARKET
OVERVIEW
Cryptocurrencies are the digital decentralized currency that is not constrained by any government. The historical backdrop of cryptocurrency can be followed back to the 1989s, known as cyber currencies then. These coins began acquiring fame in 2008 with the arrival of Bitcoin, which was made by an unknown software engineer or a gathering of developers under the name Satoshi Nakamoto. Bitcoin was launched in 2019, and cryptocurrency has been extremely popular and continually growing as more people keep investing their portfolios into them.
Introduction
The future of bitcoin has brought forth much debate. Bitcoin pose to be the most decentralized and prime currency in the world(most popular cryptocurrency. the mainstream media are now talking about cryptocurrency, the biggest trend in tweets is cryptocurrency websites all over the world are now accepting cryptocurrency as means of payment or for transactions, any model merchant accepting crypto for payment and now, we are having cryptocurrency ATM. The cryptocurrency industry keeps booming every day gaining more popularity and ground, new technology and better way of achieving things are springing up through crypto
The future of the world economy!!! CRYPTOCURRENCY. “Crypto is only here to stay”, Alice Liu, head of research, coinmarketcap.
Despite the rough time of bitcoin in the market, experts still believe that bitcoin will skyrocket back and it is just a matter of when, the timeline is yet unclear. it can never crash. Marcus Sotiriou, a market analyst at digital asset broker GlobalBlock, said that risk assets struggle during periods of high inflation and lower consumer spending, “hence leading to the recent selling pressure for bitcoin and the crypto market.”
The number of merchants who accept currencies is increasing over time but they are still very small. For cryptocurrency to become widely used among many merchants, they need more customer acceptance.
There are lots of economic factors that have contributed to the vulnerability of the crypto market like war, market events inflation, supply and demand, the crypto whales, public sentiment, the news cycle, and shifting monetary policies in the USA , still, many experts believe that cryptocurrency will rise again. “What I expect from Bitcoin is volatility [in the] short-term and growth [in the] long-term,” says Kiana Danial, founder of Invest Diva and author of “Cryptocurrency Investing For Dummies.”
Crypto has broken its record and stabilized its position in the market. Cryptocurrencies are gaining popularity for providing various transaction payments within a very short period. Cryptocurrency has come to stay, it has gained so much attraction in the institution and financial sector. it caters a lot to the increasing demand that digital currency is needing. All that is needed for investment and profit making. in the crypto world are just money and your internet presence.
It has helped a lot of young people successful and financially independent, the young becoming millionaires through being part of any niche in the crypto industry ranging from full-time trading, coin building, 3.0 content writing, coding, and the building of crypto bots. Crypto brings financial freedom, though, there is a rocky period for now in the market but all will still become stable in the future.
Crypto is a high-risk gambling game that could pay off and can also lead to the loss of all capital. Let me be convinced, that one thing is certain: Bitcoin’s popularity will continually grow as more people get aware of what it represents — decentralization and anonymity. bitcoin is the most decentralized.
Also, Crypto has helped to avoid government scrutiny of individuals or organization wealth blocks.
CONCLUSION
The cryptocurrency market is expected to get bigger and boom in the future. lots of people are making success in different niches under the crypto market industry , As far as the digital economy continues to grow at an astronomical rate, cryptocurrencies are sure to take a core role in what makes up our future money system.Crypto could be the future of money. Cryptocurrency edges to become the major stream focus in the world for all forms of digital transactions. there is so much to think that cryptocurrency has a very strong future, this is just the beginning.
Meet the author: Olaniyan Deborah faith, a crypto content writer.
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