Crypto market has been falling lately, people are panicking. This has caused a lot of FUD in the crypto space. I think people need to understand that crypto space and blockchain technology are in the infancy stage. Some people believe that by getting the government involved and shutting down crypto is the answer. This is not the answer because crypto will continue to evolve.
Will crypto have the giant gains we witness a couple months ago, I don’t know the answer to that. But we can look at history and I can say that I beleive crypto is the financial future. If you go back 60 years and think how common place were credit cards? Credit cards were not common place they were new way of transferring currency around. Now everyone has a credit card, teenagers get credit cards when they open a bank account that is how common place they are now.
This will be the evolution of crypto, will it be controlled by governments? Proabably will in some shape, form or fashion. But I don’t think we should look at it as a negative but a positive because then it will become more mainstream. Five to ten years from now all of us that got into crypto now or even before now will be looking back on this and saying “remember when they tried to ban crypto” as we are paying for goods and services from our mobile wallets or some other technology that’s availble to send and receive crypto currency!
Our children and their children will look back on this just like they do today when we talk about 8-track tapes or cassette tapes. They won’t even remember what credit cards or possibly even what cash is.
I leave you with this pic I came across on the Internet today which I think is hilarious because it shows the mindset of people that don’t really understand the space but only look at the monetary side of things.
I would love for you to share your opinion on this subject.
Peace,
Uncle Blade
