This isn’t even the Beginning
In this article, I will be explaining why crypto isn’t even at the beginning and why its potential is so big it might rule the world.
If you have invested in cryptocurrencies or have an interest in them you probably have heard several times that crypto isn’t the future and that you should have invested 10 years ago. 10 years from now they are going to say the same thing.
As inflation rises rapidly, especially in 2022, due to the feds aiming for 2% interest rates. The value of cryptocurrencies will become more apparent. The Inflation of the US dollar will cause many issues and therefore will also cause people to switch to cryptocurrencies because they are decentralized and cannot be inflated by any government.
Cryptocurrencies will soon become a safer option for international businessmen who need to exchange different types of fiat quite frequently. But there is an argument to be made that the high volatility of most cryptocurrencies makes them unviable for such use. Personally, I think that this is a short-term problem and that stability of cryptocurrencies will increase over time.
Another reason why crypto hasn’t even reached its full potential is that its use is still in its very early stages and crypto-based products like NFT games and game tokens are not yet released or don't make great use of the technology. Once these products are fully developed crypto will become more mainstream and paying people with crypto will be easier to normalize.
The rise of Cryptocurrencies, Defi, and Web 3.0 are comparable to the beginning of the Internet. When online businesses like Amazon were just starting they were doubted by many big investors. The same happened with crypto when Warren Buffet said that bitcoin is worthless. Although he seems to have changed his opinion because he has invested 500 million into a bank offering crypto services.
In conclusion, I think crypto has a lot to offer and I believe it's not only the future of finance but also the future of the internet. I want to be part of the future so I will keep investing.
I hope you enjoyed this article and maybe even learned something if you did then leave a like and if you have some feedback/criticism please leave a response. Also I please follow me it really helps!
Sources
“United States Inflation RATE2022 DATA: 2023 Forecast: 1914–2021 Historical.” The United States Inflation Rate | 2022 Data | 2023 Forecast | 1914–2021 Historical, Trading Economics, https://tradingeconomics.com/united-states/inflation-cpi.
“Why Does the Federal Reserve Aim for Inflation of 2 Percent over the Longer Run?” Board of Governors of the Federal Reserve System, https://www.federalreserve.gov/faqs/economy_14400.htm.
Memoria, Francisco. “Bitcoin Hater Warren Buffett Invests $500 Million in Digital Bank Offering Crypto Products.” CryptoGlobe, CryptoGlobe, 9 June 2021, https://www.cryptoglobe.com/latest/2021/06/bitcoin-hater-warren-buffett-invests-500-million-in-digital-bank-offering-crypto-products/.
