GREY:NTTCF - Post by User
Comment by
higherhighson May 25, 2020 12:48pm
74 Views
Post# 31069324
RE:RE:RE:RE:NC is going to $1.00
RE:RE:RE:RE:NC is going to $1.00Today, we are witnessing a paradigm shift in cryptocurrency, a shift from an asset to actual currency, the building blocks for the financial infrastructure of tomorrow. Unfortunately, it has taken another time of crisis. However, this time, the crisis affects a far broader group of people, and the current uncertainty of the traditional financial infrastructure is of growing concern. It is in these times of economic uncertainty that cryptocurrency and its inherent value truly shines. The understanding of, and value, of cryptocurrency, is finally being recognized for its intended purpose and not a tool for speculation, which is what it has been up until this moment.
Earlier this year, the EU announced for the first time ever negative interest rate for small personal and business accounts. The U.S is printing money like it is water. During COVID, the number of people researching cryptocurrency increased – bitcoin grew by 80% and Ether by 20%. A significant increase in interest followed by an increase in consumer cryptocurrency purchases and new wallet activity.
It’s going to be extremely interesting to see what happens as countries globally enter an inflationary period while bitcoin is entering a deflationary period. It also helps the media attention that cryptocurrency is getting, Google searches are at all-time highs compared before COVID, which is great for bitcoin and cryptocurrency in general.