Let me flashback your memory a little on how the world was frustrating cryptocurrency industry at its early stage of existence of blockchain technology tagging that is a means of fraud and scamming of society without a valued achievement as a contribution or development of people investing but today, that same government encompassing the world are the key holders of some key cryptocurrency like BTC, Ethereum, Bitcoincash, Ripple, Dogecoin, Polkadot, Litcoin, Leocoin, Hivecoin, and many others.
Today Platforms like CoinSwitch Kuber, Degifinex, Gate.io, Binance Chain, and other related Blockchain exchange crypto industries imaged as a means through which so many investors, companies, institutions, governing bodies, and others found it worthy to partner with for buying and selling of its goods and services to most of their clients across the globe through the application of the internet as well as the payment method in a digital format known as cryptocurrency.
Categorically, I can attest to you that ever since I started investing my physical cash into digital currency, I have never lost anything rather I keep profiting because before one start talking or thinking about investing in crypto, you must have the ability to comprehend that cryptocurrency investment needs short or long term range of return. That is to say that, it requires time, patient, enough capital, good coin investing, and many others.
WHY CRYPTOCURRENCY ADOPTION SEEMS TO HAVE BEEN DELAYED:
Phobia (fear) is the key major reason why most people, companies, and other entities of the whole world never wanted to do anything with cryptocurrency because they believed that crypto and other blockchain industry is a scam, feeling that there’s a tendency of losing one’s capital and another asset in digital form. Though as of 2010, cryptocurrency was at its small or low-level range to convince the people of its philosophical dream for the world in the upcoming future but now waxing stronger like the king of the jungle known Lion.
I need to make you understand that even the period that crypto was spreading to the world, I was still looking at it as something never had any return with the fear that I can lose my money, and if I lose my money ‘’who are my going to hold responsible of the whole lost’’. Now I discover that with the help of the internet and me keeping my password secured, that I will have nothing to worry about.
COVID-19 CONTRIBUTION TO THE FAST GROWTH OF CRYPTOCURRENCY:
Looking at the price of BTC as of 2013-2019, you will have to observe that there was a heavy significant growth in 2020 and that of 1Q21. Because of the global pandemic caused by COVID-19, when there was a heavy lock-down of people restricted from moving around, doing their business, having control of any financial investment in cash in 2020.
The spike of crypto increased heavily as a most prominent country like the USA, France, China, England, Canada, Italy, UK, and many other parts of the world citizens use crypto as the only surviving investment moving business, so this gave rise to people across the globe to transact any form of business using the Blockchain acceptable app to deliver their payment.
THE FAST GROWTH OF CRYPTOCURRENCY:
Not minding how some countries are still denying the fact that crypto has come to stay with good motive. I really need to make you understand that today, most countries of the world have started developing their own Central Bank Digital Currency CBDC, companies, and other financial institutions adoption of cryptocurrency has given the people around the world to trust and invest in cryptocurrency now before it gets late for them to invest.
I encourage you as a reader or investor looking into this article, should not to hesitate to stick to cryptocurrency investment despite its low growth in 2Q21. I will tell you that before the end of 2021, the most prominent cryptocurrencies are expected to boom heavily like never before, so I don’t know what you are waiting for you to invest in.
