Crypto as been around for some years now, and despite how different bodies of government react to it inception and how it works, it as been strong enough to stand the test of time and Challenges, so which the vast rising of government trying to curb it dealings, we are at the crossroad in analyzing if it as a extended future or not.
And in this 3rd edition of the 6tg week of the hive learners community, we are asking to discuss the below quote topic:
THE FUTURE OF CRYPTO
Cryptocurrency is definitely here to stay, it will take over the world some day and paper money might just be history. With such an evolution coming, what do you think should be done to make the Crypto world an easier and better one, so that everyone can benefit equally from it. Please share your honest thoughts, we might learn a thing.
You can as well, join the trend and share your stands in the hive learners community.
MY OPINION ON THE FUTURE OF CRYPTO
Ever since the advent of Crypto, it as been widely accepted by most youth and financial elite, and if you'll agree with me, it's commonly said that youth are the future of tomorrow, and surely for something to thrive and excel beyond this present generation, that mean it'll need the resilient spirit and dedication of the youth for it to stand the test of time, season and oppression of the governing body of the government.
Sighting and example with my country Nigeria for example were the government bans banks from partaking in any Crypto related trades, and closing account of does who engaged in it, these alone show have discourage most knowledgeable people and youth from engaging in it, but with the knowledge we've acquire, it'll be a shame to start biting our fingers for not doing the right thing when crypto explode beyond our estimations.
And that's why you see youth and other people from my country still trade in Crypto and instead of getting penalize for trading, binance made withdrawal easy by divicing P2P(peer to peer) trading, which as made out activities and trade stemless without any government reaction or awareness.
So in my opinion I see crypto taking over the world to the point where it's gonna be the universal currency for the whole world, and before you know it paper or polymer currency will be a thing of the past.
Even presently trading or purchasing items from other nations isn't going through with Nigeria naira now, but with the help of Crypto I've been able to purchase stuffs I couldn't with my relative country currency.
WHAT SHOULD BE TO TO MAKE CRYPTO GENERALLY ACCEPTED
I personally have limited knowledge on Crypto due to my less research on it, other than hive, due to the many offline activities I engage on, but I believe with advise from experts will go a long way than mine with little or no knowledge about it, but what I can think about is, if the government of nations that don't accept Crypto, took a leap of faith and purchase during the dip of Crypto, and then sell when there's a bull, certainly the interest gotten from the investment will pushing them into it acceptance.
Yes I know my explaination ain't professional enough, but that's base on the little research I've acquired, and I know it'll go along way in making it a generally accepted currency when such Happens.
But surely, I know Crypto is here to stay, and will take the world by storm soonest.
Thanks for coming with me thus far Let discuss in the comments section;
what's your opinion on the future of Crypto
What can be done to make it a generally accepted currency?.
Have a blessed and productive day ahead.
Peace ✌️