Covid-19 has seen higher volatility of the world markets. Could Cryptocurrency be the way forward? Experts say yes.
Coronavirus struck us last year, right where it hurts… in the financials. While businesses were closed down – some of them for good – many of us were left high and dry. Following generation, cryptocurrency mining teams estimate that turning to crypto for short-term investments could be the way out for many a lost trader.
Although the market has been fluctuating, too many of us are focusing on Bitcoin as the leader. It seems that what they do will reflect on what happens next for all the others. Arguably with the sole exception of Dogecoin, everyone seems to be following the bitcoin trends as an example of one rule for all. Experts say this shouldn’t be the case.
The Future of Cryptocurrency
If we all agreed that an international currency is a way forward, then what does the future of that currency hold? According to market leaders, that means creating a whole new type of crypto coin… one that is free of the bitcoin drama and investors.
The problem with cryptocurrency at the moment is that a wealth of economic analysts, business stakeholders, and investors all stand to make money from it, depending on which way it faces that day. It has become a safe bet for many, buying low and selling high, just like it says in the manual. When too many traders focus on doing that to any currency, it is going to get complex.
Things will go up and down, the price will fail to stabilize, and more and more of us walk away because we don’t understand it. The trouble is that’s exactly what the big banks want from us. If we are all squabbling over how an internet currency will work, we aren’t paying attention to the economists and financiers those same banks send to play with the stability.
Crypto Will Explode
PEGA Mining, an international crypto mining firm with an ecological focus, predicts that the big brands in banking won’t be able to hold back the tide forever. With millions of us buying and selling online every day, they believe it is only a matter of time before trading with internationally accepted currency becomes the new normal.
The investments that we all made in Bitcoin back in the beginning prove that we can stabilize the currency without too much intervention. The problem seems to be that whenever one coin shines brighter than the rest, the investors get behind it and scare off any potential it may have had. Economists think this is coming; they’re just not sure about when this will happen. Let’s face it; the cryptocurrency world has been in steady growth for the last few years… It’s only logical that one should emerge supreme after all that.
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