How Cryptocurrencies Are Shaping The Future Of Finance
The Crypto Era
Cryptocurrency has a 2 trillion USD market cap. It cannot be ignored by any investor or nation today. In order to see how cryptocurrencies will shape our future, let’s look at the advantages and disadvantages of cryptocurrency. Identifying the principal features of crypto will help us perform a better forecast as to what the future holds.
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Advantages of Cryptocurrency, DeFi, and Smart Contracts
Critics see a huge risk.
Advocates see limitless potential.
Both are right.
The first thing you should know when you invest in a crypto, is that you can end up losing all your money, or getting a massive profit. The asset is too volatile to give clear guarantees for the future.
Power to the People
For the first time in the history of the world, someone with enough initial capital can run an ICO and start a crypto coin as a potential high-value investment (buy at the bottom price, if it takes off you’ve substantial profit.
The decentralization of creating money, adding money, creating new crypto coins is a radical departure from anything the financial world has ever seen before. Earlier only kings and governments could issue tokens.
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