New industries built around cryptocurrency and blockchain have erupted, @GenesisBlockch
New
industries built around cryptocurrency and blockchain have erupted,
@GenesisBlockch
Cryptocurrency
just turned 10 years old, before that the idea of digital currency,
non-centralized administration of assets and a global platform capable of
transferring money free of charge through an incredibly secure operations
network was a myth.
Complete
new industries built around cryptocurrency and blockchain have erupted.
Investors took the chance on Bitcoin ten years ago and bought tokens for
nothing that today are worth $9,159.93 at the moment this article is being
written.
Read this in full
at https://www.investorideas.com/news/2019/cryptocurrency/06171NewIndustries-Erupted.asp
In
recent years there have been times when we overestimated the change of
cryptocurrency and blockchain. Some of the promised changes include
blockchain-enabled smart contracts becoming the new fabric of the internet, or
“Web 3.0.” Bitcoin becoming the dominant, global form of value in a process of “hyperbitcoinization”.
And blockchain technology replacing all types of existing infrastructure, from
supply chain to personal records.
Constant
changes in law and regulations, or obstacles such as most of the bank industry
adapting at their own pace, neglecting change or trying to grab control of this
rising economy have been some of the struggles crypto is dealing with, meaning
this technology and industry is far from being fully developed, and that growth
is inevitable. Everybody wants a piece. But which one?
How
long will this maturation process take, and how will this affect tangible
money?
The
concept and existence of money has been with us since c.3000 BC. Tangible money
has been a method of barter, exchange and reputation for ages now and it
doesn’t seem like this is changing.
It
is also said that money, expressed as coins or bills has some sort of magical
feeling to it. There is a personal notion of empowerment, an engaging
confirmation that you are of value. Being able to acquire different goods
thanks to the money earned by a superior effort (work in any of its
manifestations). Behavioral psychologists such as mental health expert Nancy
Brooks says”
"People
are constantly bombarded with the power of money and how wonderful your life
can be if you have money, and how having it can change your life," she
says. "The physiological process when you see money is that it can release
the endorphins that make you feel better.”
So,
will tangible money disappear and will bitcoin overtake all economies? Most of
us wish and are working for it to happen. Wishfull thinking experts and
investors certainly want that to happen.
When
the most innovative technologies in the world are adopting cryptocurrency that
is a considerable development. The last frontier for crypto is Wall Street,
going all-n.
Little
by little their posture is changing, companies such as Fidelity launched as a
standalone business in Fidelity Digital Assets in 2018. Then Bakkt happened, a
creation of New York Stock Exchange parent company Intercontinental Exchange
(ICE). Bakkt raised $182 million at the end of 2018 to build a regulated
cryptocurrency exchange.
Then
there is JPMorgan. The Wall Street giant went from calling Bitcoin a “fraud” in 2017 to announcing their own
cryptocurrency six months later. You can’t make this stuff up. As more and more
Wall Street players enter the game, expect these reversals to become more
common.
Finance
markets have a traditional tendency to herd mentality, this meaning that when
big companies make sudden moves, businesses under them will start adopting
those behaviors.
Both
currencies, tangible and digital, are still strong in their own markets. One
still rules the world and the other is the up and coming “new solution”. All predictions towards cryptocurrency
are positive, yet there is a long way to go before it dominates
the internet and the global financial system.
Remember
that both industries are dealing with
people’s money and it doesn’t matter if they believe in bitcoin or not. It’s
their money and like everyone else they want it to be safe, useful and worth as
much as possible.
Nobody
believed in bitcoin 10 years ago, imagine what intangible money or
cryptocurrency can achieve in the next ten years. Try.
GBT is
a powerful cryptocurrency centralized / decentralized exchange which will
include a broad range of services and benefits from cryptocurrency and
blockchain markets development, while avoiding complications and risks arising
from crytocurrency ownership, transfer, and exchange.You can Download
the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
For more information on the Genesis
Exchange App please refer to:
Disclaimer/Disclosure: Investorideas.com
is a digital publisher of third party sourced news, articles and equity
research as well as creates original content, including video, interviews and
articles. Original content created by investorideas is protected by copyright
laws other than syndication rights. Our site does not make recommendations for
purchases or sale of stocks, services or products. Nothing on our sites should
be construed as an offer or solicitation to buy or sell products or securities.
All investing involves risk and possible losses. This site is currently
compensated for news publication and distribution, social media and marketing,
content creation and more. Disclosure is posted for each compensated news
release, content published /created if required but otherwise the news was not
compensated for and was published for the sole interest of our readers and
followers. Contact management and IR of each company directly regarding
specific questions. Disclosure: Genesis Blockchain Technologies is a paid
sponsor of the #CryptoCorner podcast at Investorideas.com https://www.investorideas.com/crypto-corner/
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn
more about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com
Global investors must adhere to regulations of each
country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Get more Bitcoin, Blockchain, Digital Currency stock investor
ideas - news, articles, podcasts and stock directories
Comments
Post a Comment