CryptoCurrency : I feel like a ton of people are missing the point of cryptocurrency…
We see things like “ups” and “downs” people getting rich or getting rekt, and so on. People are selling off because the SEC turns down an ETF for whatever trade platform.
But has anyone paid attention to what is happening in Venezuela? Let’s toss the cryptocurrency that their government is making to the side and acknowledge why crypto was created to begin with: It’s an alternative form of currency that government is not supposed to track. If 80% of the population of venezuela were exposed to crypto, they would be far better off now. But as per a podcast I heard the other day, it is estimated that only 5% of their population ever used crypto.
We shouldn’t just “get rekt and cash out.” I strongly feel that we should be telling our friends, “Hey just put a conservative amount of money in to cryptocurrency, don’t touch it until another economic crisis hits. Then see how much it is worth and what you can do with it.” Just mention venezuela as an example guys. That’s all you gotta do.
The official source for CryptoCurrency News, Discussion & Analysis.
Don’t forget to share the post if you love it !