The Tech Education
  • News
  • Sports
  • Entertainment
    • Anime
    • Manga
    • Movies
  • Celebrity
    • Net Worth
    • Dating And Relationship
    • Lifestyle
  • Tech
  • Gaming
Search
© 2021- 2022 Digi Hind News Network. Tech Media Company. All Rights Reserved.
Reading: Cryptocurrency: Are We Living a New Era of Currency & Prosperity?
Share
Aa
Aa
The Tech Education
  • News
  • Sports
  • Entertainment
  • Celebrity
  • Tech
  • Gaming
Search
  • News
  • Sports
  • Entertainment
    • Anime
    • Manga
    • Movies
  • Celebrity
    • Net Worth
    • Dating And Relationship
    • Lifestyle
  • Tech
  • Gaming
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
The Tech Education > Blog > Technology > Cryptocurrency: Are We Living a New Era of Currency & Prosperity?
Technology

Cryptocurrency: Are We Living a New Era of Currency & Prosperity?

Govind Dhiman
By Govind Dhiman  - Founder & Editor in Chief 11 months ago
Cryptocurrency Are We Living a New Era of Currency Prosperity
SHARE

In recent years, cryptocurrencies have become the great disruptor of the world economy. In the financial community, there is less and less doubt about the promising future of cryptocurrencies and how they will transform the global economy.

Contents
Cryptocurrencies | A Cyclical Market with a Clear Upword TrendBitcoin: Digital GoldUnlimited Money Printing: A Strong Argument to Invest in BitcoinConclusion

In the US, as Forbes recently reported, 15% of adult citizens already own cryptocurrencies and, at this rate, “the daily trading volume of cryptocurrencies will exceed in less than 4 years the total daily trading volume of equities, and in less than 5 years it will exceed the total daily trading volume of all corporate and government bonds”.

Even with this data, many readers will have reasonable doubts about investing in cryptocurrencies at this point in history.

There is no doubt that investing in cryptocurrencies has created a myriad of millionaires, but it is also clear that there has been an economic bubble in the world of cryptocurrencies, fueled by unrestrained speculation.

However, there was also a bubble in the dotcom sector, and that did not mean that investing in online companies was no longer profitable.

Cryptocurrencies | A Cyclical Market with a Clear Upword Trend

In the graph we can observe the evolution of the price of Bitcoin from 2018 to the present (21 March 2022). As can be perceived, both the Bitcoin and the cryptocurrency market have a cyclical behavior – which is precisely what a crypto trading bot uses to operate in the exchange market.

Although the price peaked last year, the growth and current rate of Bitcoin is still unbelievable: 3,676.74%.

word image 21

The previous historical maximum, located approximately at $20,000, was reached at the end of 2017; while we are currently fully in the next bullish cycle, whose maximum has been, for now in 2022, at around $41,000.

Bitcoin: Digital Gold

Within the cryptocurrency market there is an unquestionable king: Bitcoin.

It does not have the fastest transfer rate, the lowest transaction costs or the best security protocols. And yet no one dares to question its dominance.

At the time of writing, Bitcoin has still a dominance of close to 50%, which means that almost 70% of all transactions in cryptocurrencies are in Bitcoin – even though this percentage is slowly dropping, due to the strong competition.

Investing in Bitcoin is synonymous with investing in the dominant cryptocurrency par excellence, digital gold, the refuge from the world’s political and economic storms. The great disruptor of the economic order.

Recently in the financial community there has been a lot of talk about the imminent possibility of a new rally in the price of Bitcoin, a new bull run that could be the necessary trigger for the bitcoin price to reach $100,000, according to some mathematical models.

The trigger that could trigger the price of bitcoin: unlimited money printing.

Since the recent crisis caused by the global coronavirus pandemic most major central banks have opted to print large amounts of money to inject into the economy to prevent it from collapsing.

In the US, the Federal Reserve is currently printing money at a pace never seen before. By the end of the year it is estimated that the Fed will have injected $3.5 trillion into the US economy.

Unlimited Money Printing: A Strong Argument to Invest in Bitcoin

When a central bank decides to print money continuously and unlimitedly, as is happening right now in the US and Europe, the price of the currency is devalued and inflation is fueled. This can lead to periods of hyperinflation (as has happened in Zimbabwe and Venezuela).

Wealth cannot be created out of nothing. When money is printed without wealth to back its value, all that is achieved is to dilute the value of existing money. Due to the unlimited printing of money, the loaf of bread that today costs $1 will be worth $2 tomorrow.

The $100,000 that a citizen has saved in the bank in a few years could have a drastically lower purchasing power than it has today.

Printing money in an unlimited way is a way of stealing purchasing power from those who have accumulated money, diluting its value without the saver perceiving that his wealth is being stolen.

To avoid such covert subtraction of purchasing power by governments, savers and holders of large fortunes are opting to move their capital into safe-haven assets: those over which governments have no power, and cannot devalue or manipulate.

The main safe-haven assets we find today are two: Gold and Bitcoin. Historically, gold has always played the role of safe haven asset. However, in recent years we are seeing how Bitcoin is taking center stage and more and more institutions, large and small investors are choosing to invest in Bitcoin to safeguard the purchasing power of their wealth.

This new virtue of Bitcoin – its role as a safe haven asset – could very likely be the trigger required for bitcoin to start its new bull run that will place its price above $100,000.

In other words: investing in Bitcoin now could be the last chance we have in our lifetime to buy Bitcoin below $100,000.

Conclusion

So, how far are we really from reaching the absolute era of virtual currencies? Will fiat currencies ever disappear or is it just an era of change that will not change anything significantly?

At the moment, the signs are that we are about to enter a new era of payment. This may be the end or at least an era in which the current currency is forced to share its glory with the new member: Bitcoin.

What is clear is that it is now or never to make the most of the future. That is why the crypto trading market is so strong. Plus, with the right software – the sky can be the limit.

Related

You Might Also Like

Getting the Best Flight Planning Software

How to Choose the Best Virtual Phone Number for Small Businesses?

5 Benefits of Compressing a PDF [2023]

Future of Mobile App Development with AI and ML

How 10G Network Switches Improve Your Business and How They Work?

Share this Article
Facebook Twitter Whatsapp Whatsapp
Share
By Govind Dhiman Founder & Editor in Chief
Follow:
Govind Dhiman is a professional digital marketing entrepreneur, a social media content administrator who has achieved everything he wants because of his passion for learning more and his job’s dedication. You reach him at gd.14009070036@gmail.com
Previous Article love victor season 3, love victor season 3 release date Love Victor Season 3 Release Date Status Out, All Latest Updates And Everything We Know
Next Article Top Tips for Writing a Motivation Essay When Applying for Arts Architecture or Building Major Top Tips for Writing a Motivation Essay When Applying for Arts, Architecture, or Building Major
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

TheTechEducation.com is a leading tech media house that provides comprehensive coverage of the latest trends, news, and insights in the world of technology. Read More About Us.

Our Core Team

Editor in Chief- Govind Dhiman

Senior Editor – Manish Kumar

Senior Author & Manager- Deepshikha Chaudhary

Author & Content Manager – Mehak Rajput

Contributor- Subhashree

Our Freelance Writers- Eliza Grace,  Bella

Quick Link

  • News
  • Sports
  • Entertainment
    • Anime
    • Manga
    • Movies
  • Celebrity
    • Net Worth
    • Dating And Relationship
    • Lifestyle
  • Tech
  • Gaming

Get in Touch

Branch Address: 302 Midas Residency, Jaipur, India, Rajasthan

Head Office: SCO-253, 2nd Floor, opp. Mini Secretariat, Sector 12, Karnal, Haryana 132001

Support Contact-

thetecheducation.com@gmail.com

Thetecheducation is a part of Digi Hind Pvt Ltd. Media Services.

Important Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Fact-Checking Policy
  • DMCA
  • Ethics Policy
  • Cookie Policy
  • Privacy Policy
  • Editorial Policy
  • Terms and Conditions
  • Our Team
  • Grievance Redressal
The Tech Education
Follow US

© 2021- 2023 Thetecheducation Media LLC. Proud Tech Media House

Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?