Cryptocurrency (Bitcoin) has been around for many years, but its designer is still hiding on the Internet? For what purpose did he create Bitcoin? We don't even know if he's alive? This sounds ridiculous, but it's true! And all the questions may mean the beginning of a new world...
As we all know,the cryptocurrency has finally become a part of the global financial today.
With the explosion of Bitcoin in the last few years,people are highly incentivized to "get in on the action". And we notice more and more cryptocurrency subreddits popping up(such as BlackRock’s Bitcoin ETF).
So what could the effects of having multiple cryptocurrencies be on the world economy?
Crypto is a risk-on asset but not as much as previously. With these damp economic times since 2008, Blackrock, Nasdaq and institutional investors are here.The economic rules of the world seem complicated, but in fact they seem like a simple game! For example, big fish eat small fish.
If you treasured this article and also you would like to obtain more info about Why is cryptocurrency important to society kindly visit our internet site. This metaphor seems inappropriate. But what we can confirm is that the vast majority of capital in the world has always been in the hands of a few people! This fact has never changed since the beginning of human civilization.
Therefore, people at the bottom have been struggling and resisting...
Perhaps Bitcoin is just a prelude to a huge change in the financial order,so we have great expectations for it.
A new financial order of freedom, equality and transparency seems to be being established.
But that doesn’t mean everything is calm.
Any reform comes with a price,we know that well.
At best cryptocurrency have value through its security, but the retail investors don't need crypto security, they need need standard credit card security. At worst the security of crypto doesn't add any value and the value is only based on offer and demand and right now, people are buying crypto not for the technology, but for the get rich quick scheme so there's ''gamblers'' are going to sell to earn a profit.
Same for those mining coins. When more people will sell than the liquidity available, the price will tank.
Another,This seemingly perfect currency has actually designed a good safe haven for tax evaders around the world! Since cryptocurrencies are subject to varying degrees of taxation and regulation in different countries and regions, some countries or regions have given greater preferences or flexibility in tax policies in order to attract individuals or businesses related to cryptocurrencies, thus forming some cryptocurrencies. Tax haven. For example, Liechtenstein, Malta, Austria, Belgium, Luxembourg, Switzerland, etc.
But what I want to say is, are these ugly "crimes" only committed by cryptocurrency? Are the U.S. dollars, euros, and currencies of any country in the real world innocent? Those incomprehensible exchange rates, those incomprehensible currency devaluations, are these also due to cryptocurrency?
