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Love or Hate but You can't Ignore Crypto!

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@alokkumar121
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Crypto is growing and nowadays we can see some action almost every day which is getting more adoption and popularity across the world. More people are coming into the crypto space for various reasons including investment, to create a passive source of income and even to learn about this revolution in the blockchain. Crypto is like a world where there is something for everyone and since it is growing significantly which is also helping to bring more people into the crypto space.

Now crypto has been in a place where people can love crypto or hate crypto but they can't ignore the crypto. Its getting bigger with each passing day and growing nicely. Many countries have adopted it and some of them are exploring the possibility of this. The traditional finance system is not advanced enough to accommodate the future requirement and its built-in such a way that the entire control stays with the authorities or the institution and they use it as per their benefits. But now mindset is changing and people don't want to give full control to someone else instead they want to have the control so that they can do what they want with their money.

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Things are going through eh revolutionary changes but the traditional banking and finance system is working the same way. I don't know what they are thinking because now the chnage is visible and if this is not adopted well on time then it will be too late for the existing system to get upgraded.

Bitcoin has come a long way since someone or a group of someones under the name Satoshi Nakamoto wrote a paper in 2008 about how to harness computing power around the world to create a digital currency that can’t be double-spent. The price has more than doubled this year alone to roughly $62,000. It was at only $635 five years ago.

I hope most of you are aware of Nokia mobile which used to be the leader but now it hardly exists and why this happened because they did not upgrade themselves with the time. In my personal opinion, banks are not a place where we can keep the money earned out of it instead of just a medium where we can keep the funds for transaction purposes only.

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One of my friends who live in Singapore called me this weekend to know more about crypto because he knows that I am into it. Two years back when I was in Singapore we had talked about crypto a couple of times but he was not interested since he used to think that this is all is calm and Ponzi scheme which might be a loss-making decision so he did not pay much attention. Navin country started making it legal tender then he realized the potential and now he wants to buy some crypto and for that purpose called me to understand more about it. I explained to him a bit about how it works but still, he needs more time to learn and understand about it which I'll be doing, and hopefully, within this year he will be part of the space.

Like I mentioned in the title yourself that now Cryptocurrency is one of the segments that you can hate our love but you cannot ignore you because there is a lot that is happening in this space and in the next few years things will be moved on to the next level.

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