In many places around the world some take crypto for granted. Some places even banned it knowing crypto means financial freedom long term. Usually bad news deter many to come and manage their crypto portfolio while others understand it is a lot manageable to control your loss in crypto instead of allowing inflation to eat your saving. No matter how you put it it will happen unless you take drastic measure to compile ad find the best token to hoard your savings.
It is exceptional to see the mindset going forward in countries where inflation is out of control. People are smart and react to the government playing with their livelihood. We know well in Africa, Nigeria is a place where the penetration of crypto is close to none. I must say Kenya and South Africa, all three are the leaders in Africa. I can assure you inflation is no joke over there. For some reasons, inflation has a big role anywhere you see crypto emerging.
South America is pushing itself into the crypto sphere with Brazil leading the way. Argentine is right there in the mix with inflation grappling 60% to date. I must say knowing inflation is around is one thing. Reacting to it shows determination to find another way for survival. In the advanced developing world, crypto serves purposely a different objective in the short term. Looking at the structure in place crypto serves the same agenda by making the world economic easy. Adoption is around the corner, knowing as more find the importance of crypto in their daily lives, this is when you will see $100k/BTC.
You probably hear this message every time a country adopted crypto. First the citizens are the one pushing the envelope. The minute the banks see the writing, they react with the controlling party to find ways for regulations. While crypto goes up and down, many admire how they can move from one token to another. They find the ownership favors their investment increments a lot better.
Lately in China in some areas, banks froze the inhabitants accounts due to lack of liquidity. Since the economy is stagnant, it causes effect into this burden. This is another story since crypto is banned for everyday citizen.
I hope to see Hive taking notice and find ways to promote and bring more of our great blockchain to them. After all it is clearly the beginning for crypto. Every now and then you hear this country is moving up. Not forget El Salvador leading with legalize BTC, it may not rime properly with the dollar value, the minute the reverse happens, the chant will change for the best.
Exactly this is what everyone can plan with crypto. Every holder decides where crypto will be in the next year or two. Michael Saylor could be losing in dollar figures but he is winning by not selling and holding like a rock.
A drop like we have now is a small opportunity to buy into the lows.
Keep on vesting cause this is the way forward.