Cryptocurrencies reflection in the world is more than just investment
It's obvious that many countries are unable to participate in the global market some years back due to the fact that they have no traditional access to the economy, and this has preventing majority of them from entering global market, but with the rise of cryptocurrencies everything changed. Cryptocurrencies opened a door of possibilities to participate in the global economy, in fact it allows majority to have access to a new financial system that can help nations build against inflations, and we already seen how El Salvador President Bukeye using making Bitcoin legal tender in the country.
The president of El Salvador want all citizens of the country to have access to new financial system, so by let everyone have a free access to cryptocurrencies it allows majority to pay for services and have more access to crossborder payment through conventional means. I see cryptocurrencies as the future of finance, but one thing that is still preventing majority from embracing it is: cryptocurrency volatility and purchasing power.
There are bad stories that surrounded investment with cryptocurrencies and that has been the reason why people think cryptocurrency volatility can make them lose their fortune, but the truth that people are not understanding is that cryptocurrencies is not just investment.
What does crypto has to do for people?
Cryptocurrencies is not just investment, I may say cryptocurrency is like a business that everyone can grow from it, although it might be a volatile assets but does help individual to develop a skills to thrive financially in the world. Many don't understand this! they just listened to bad stories about cryptocurrencies and they don't have a good time to look into what exactly is cryptocurrency and why is it revolutionized the world.
Don't let anyone deceived you crypto is bad investment, cryptocurrency is for everyone infact I see it like one business that will encourage all traditional skills at all levels. Crypto space is for all traditional skills to thrive in the digital ecosystem and that is where web3 comes in.
Web3 will encourage all skills and open many doors of job possibilities through cryptocurrency to participate in the global economy. So cryptocurrencies is also center for Job not just investment the way people see it
But the controversial that purchasing power is main challenges that is preventing majority to embrace cryptocurrency is that true?
Well I don't know if that is true in your side, but for me that is not true....
No doubt that some countries are low-income country that people will find it difficult to afford crypto. A country that is facing economic crisis, obviously purchasing power of people in the country will be low due to insufficient salary. And I never see where insufficient salary will encourage savings, when savings is not made, tell me how people will think of savings with cryptocurrencies that is volatile. They will fear not to lose their little earning on it so they have the mentality of not to embrace it at all.
On the other hand, purchasing power is not a problem. People now earn crypto through their activities on the blockchain and that is a good reason why I will say crypto is for everyone including the poor who have no money to purchase it.
For instance Hive Blockchain gives everyone access to start a crypto journey without you putting your money. So we don't have to say purchasing power is a problem that is preventing massive cryptocurrency adoption in the world, everyone have access to leverage blockchain like HIVE to start their cryptocurrencies journey. People really need more knowledge about cryptocurrency maybe if people are enlightened more about it, they will see cryptocurrency as an opportunity to embrace and develop their skills to get access to web3 job.
I hope the piece is informative, you can let me know with your vote and comment if you have any contributions to what I say. Thanks for Stopping