
Cryptocurrency has proven to be a valuable asset with good returns over time.
Even during a pandemic there is opportunity to be found. It is even the best of times to start amassing wealth as people look for opportunities and entertainment to lift their spirits.
Traditional money, like the dollar, is getting into an inflation.
The reason thereof is the cash flow which sustains the economy drying up.
This is due to businesses shutting down, production being halted, people being fired as costs of employment can no longer be paid…
People as a result start saving more money for the inevitable costs they still have to pay. Add some additional money being printed in hopes to generate some cash-flow and sustain the economy and traditional currencies are on the verge of collapsing (probably when the lockdown ends and economy needs to boost again).
Why Cryptocurrency?
While cryptocurrencies follows the same rule as “traditional money” in the sense that value is derived from use, it has a few advantages classic money doesn’t have.
- It can be globally used
- Due to decentralization, there is no central authority which commands to print more money (or perform other commands) which can drive up the amount and cause inflation
- It has a great return of investment on the long run as more and more people opt in. Add to the fact that many Governments start seeing it as an asset and you got yourself a reliable asset outperforming certain classic ones which are now in free fall.
In short, in order to safeguard your wealth, and being able to quickly exchange money while making a profit, Cryptocurrencies have been proven to be a valuable asset. Outperforming the dwindling economy and having offered the opportunity to many to not drown in debt.
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