The Bubble Isn’t Bursting
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Every month we are bombared with the rise and fall of crypto assets, not just bitcoin. These drops are a sign, perhaps, that the so-called cryptocurrency mania is dying down? Here at Lendingblock, our view of the crypto-economy is clear: The broader crypto-economy has in fact never been healthier. Already, has seen more businesses investing in more crypto-technology projects than ever before. We believe cryptocurrency is here to bitcoin futures akuna capital could be the first to trade.
Rival exchange, CME followed suit, and by early February was seeing trading volumes averaging around 1, contracts a day! Many governments too are mulling their cryptocurrency options. Venezuela has already launched its own cryptocurrency, the Petro, and has announced that a range of services and goods—from aviation fuel to fees charged in embassies—can be paid in virtual currencies. The volatility has created uncertainty, but investors have seen these patterns before.
Investment in cryptocurrencies is like any other high risk investment — for traders there are risks, but also opportunities for huge rewards. So, to describe the crypto-economy as bursting or crashing when the market heads downwards, is, in our view, not only premature, but misguided. Moreover, cryptocurrency trading offers investors both opportunity, and diversification. Opportunity for skilled investors to execute trading strategies designed to capitalise on the volatility, and diversification through exposure to a new asset class that is highly liquid.
And beyond purely the world of cryptocurrencies, the mistake that the doom-sayers are making, we think, lies in failing to see the transformational nature of the distributed ledger technology that underpins both cryptocurrencies and the broader crypto-economy. Blockchain-driven distributed ledgers are a fundamentally new and innovative way of recording transactions in a secure and tamper-proof form.
Held on multiple computers as a huge distributed database, a blockchain ledger cannot be falsified, because of bitcoin futures akuna capital could be the first to trade impossibility of changing every distributed record and its associated hash-encoding at the same time. Consequently, blockchain technology enforces consistency: Use of distributed ledger is becoming bitcoin futures akuna capital could be the first to trade more prevalent. American retailer Walmart, for instance, is using blockchain-based distributed ledgers to track products in its supply chains.
Computing giant IBM has recommended the use of distributed ledger technology to the government of the Canadian province of British Columbia, ensuring consumer safety and regulatory oversight when the non-medical use of cannabis is shortly legalised. The broader crypto-economy, based around this secure distributed ledger technology looks set for continued growth.
And what of cryptocurrencies themselves? As we wait for this to happen, we can see the fundamental value of the technologies that underpin the crypto-economy being realised. The compelling logic of blockchain-driven distributed ledgers will continue to attract businesses to their use, and as we see blockchain flourish and cryptocurrencies stabilise, we can be sure the crypto-economy will continue to mature. With extensive experience in blockchain technologies and an Entrepreneur First graduate, Linda and the Lendingblock team are seeking to transform the industry and bring traditional investment methods to the crypto-world by providing the infrastructure to do so.
