I believe this industry is still in booming stage and there are lots to come, who knows some new technology we will see to mine coins more efficiently and quickly giving ROI in few months?
Many projects small and big are related to this industry, but does it contain a bright future?
Well, to me yes, Bitcoin has become much popular after its $1200 outbreak again this year and reaching ATH, people are willing to buy Bitcoins even at $3000.
According to a report 1500 Indians are daily investing in Bitcoins with numbers increasing.
The sector is booming as the coins are performing well. The future of Crypto seems bright for several reasons
1 - Global acceptance
Crypto currencies are being accepted by major tech companies that gives a solid backing to them
2 - Legal tender (in Japan)
After Japan backing all crypto trade legal and taxing them, Cryptos are unlikely to suffer big time
3- Booming Demand
The demand for Cryptos are ever increasing according to simple Demand Supply rule we know that due to limited Crypto supply each coin have, the prices are likely to increase in long run
4- Secure asset
Cryptos are seen as secured asset unless your computer or wallet provider has been infected. It is CONTROLLED BY YOU, and is funded and withdraw by YOU, no banks or government have right to it.
So is it all bright?
No , well there might be some ups and down in industry, who knows there is a war and Altcoins die?
But if environment is certain and is like today , I am sure this industry will soon cross 100 Billion Dollar market cap
Content By Ossie
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