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ASK LEO:WHY DO PEOPLE STILL PREFER CRYPTOCURRENCY INVESTMENT DESPITE THE PUBLIC CRITICISM OF CRYPTOCURRENCY?

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In life, everyone has his or her own choice to make either good or bad. Another thing is, you can try as much as possible to advice or give People financial advice but it's left to them if they will yield to the financial advice or not;that's another decision on that part. There are lot People that no matter what you tell them about a development, they won't show interest no matter how you lure them. Even some might not even show interest alone,they will come with the intention to castigate the development again, someone like Peter David Schiff(a republican member) who is the founding father of Euro Pacific Bank proved to be someone is never interested in cryptocurrency and doesn't even hold back to criticize cryptocurrency publicly. Sometimes around June,2022. He tweeted that goes like "Do not buy this dip". Tell me what do you expect from someone who has made his millions from banking system? It's glaring that Schiff has been of interest in banking than cryptocurrency. So it's more like cryptocurrency vs the banking system.

With all the public criticism,why do People still prefer cryptocurrency investment?

With all these several criticisms from all corners of the world,there are still lot of people that do not desist from investing in cryptocurrency. Aside preaching cryptocurrency to people,it's their choice if they will show interest or not. So some of the reasons the reasons why people still prefer cryptocurrency despite all criticisms:-

  • People have seen cryptocurrency has a very rare to development or Investment if they are to compare it to some schemes that people have invested and lose their Investment money hugely.

  • People have seen that there is probability that you can become wealthy overnight with just little of your Investment.

  • Another reason is that, cryptocurrency pros and cons are stated clearly that it's highly volatiles and always invest with what you could afford to lose compare to banking system where at the point of opening account with them you will see a lot of offers that wouldn't later be met instead your money in the saving will begins to reduce with a lot unbearable charges;imagine being charged for atm card maintenance,how?

  • One more thing is, knowing and learning about cryptocurrency investment is a whole of exposure on it own which everyone has to know about in this computer age.


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