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Cryptocurrency Is Taking A New Turn

By J.Austine Nov. 23, 2021, 1 p.m.
Cryptocurrency Is Taking A New Turn

If you're reading this article and you've never tried your hand in cryptocurrency investment, it's high time you do so. Cryptocurrency is taking a new turn and the boat is leaving you anytime soon! Digital coins are coming out of tech savvy basements and into regular investors wallets. That alone should tell you that there's something big in crypto investment that you're missing.

Cryptocurrency Is Taking A New Turn

What seemed like a thing for the few digitally enlightened fellows 10 years ago is now the talk of the town. Cryptocurrency is the world's fastest growing asset class with the mother coin, Bitcoin on the lead.
According to analysts, Bitcoin, Ethereum and Said will emerge in the top 10 of assets by market capitalisation in 2024. Bitcoin's growth is even outdoing that of Microsoft, Amazon and Toyota as we speak. It's set to climb heights that other standard investments have never gone before. What does such a scale mean? Well, this simply implies that even the traditionally minded investors can no longer think of cryptocurrency as a mere speculation.  Rather, people have seen light and cryptocurrency is now viewed as an asset.

Elon Musk Is Into Digital Currency

Imagine Elon Musk, founder of Tesla, and one of the most moneyed people to ever walk the earth is into Bitcoin. Just like any other crypto investor, Musk plays around with Bitcoin and changes with the direction of it's price. This simply tells you that any ordinary person should class Crypto as part of their portfolio.
Some people however, still consider Crypto as uncertain and advise investors not to  commit swathes of capital to it. Only that an idea whose time has come is unstoppable. Ok, how can you stop it yet more than 300 million people across the world already use crypto? How will you even start yet over 20,000 businesses across the globe accept crypto payments?
We can't however blame financial advisers who are being regulated by the Financial Conduct Authority. They can never want to be held responsible in case anything goes as unplanned.
The Securities and Exchange Commission in the US specifically, along with the FCA, have been far more cautious. Their concern is unknown risks of a currency that has no physical presence. Furthermore, Cryptocurrency can not be traced and it can easily facilitates money laundering for a crack den somewhere else around the world.

That said, some of the fears around crypto and its somewhat connections to the darkest corners of the dark web may be just that. Just fear! Fears of the unknown, or neophobia.  The fear of new things – is common among humans and other animals. It's a primordial directive. It's this way they fear anything related to the dark web!







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