Content: Even the newbies for crypto sabi say the first rule for crypto market be say no rule dey. Even the brightest people no fit predict the wahala wey dey inside the digital asset world. One time, Michael Saylor and Microstrategy fit dey live for CNBC dey talk about their latest billion-dollar Bitcoin purchase, and the next time, Jim Cramer fit dey yan say e no get any business with Bitcoin, after he don call am digital gold before - e dey waka anyhow.
The market no really shake this year, as asset prices mostly dey sideway. But, the belief for the Central bank's mythical "soft" landing, plus the upcoming Bitcoin halving, don dey ginger the Web3 community for mind as dem dey reason many better opportunities wey fit dey soon. With greed dey everywhere, e no go make sense make you no pay attention as the market feeling dey change.
Whether na BlackRock wey dey consider ETFs to make crypto easy to reach, corporate adoption, plenty Initial Public Offerings, the rise of artificial intelligence, or the challenges wey dey related to regulation, people never yarn this kind about the digital asset before. Na why you need to grab three major things make you fit shine for this matter.
- No Just Follow Everybody Waka
One of the common mistakes wey prospective investors dey make, no matter the market wey dem wan enter, na say dem dey outsource their thinking instead of making demsef sabi as e be. While e no bad make you find person wey sabi wella for the matter make e show you road, e important say you no forget say money, goals, and how you take dey see risk different from person to person. To follow anybody advice anyhow, no matter how them take sabi, na straight way to enter one chance for the crypto market. Instead, make you build the skill wey go fit make you know how you go take evaluate the true value of any asset so you fit see better opportunity for the market.
During bull markets, new investors fit fall victim to scam. Whether e be security issue wey go wrong way wey go make them lose all their money or e fit be say them go follow people wey carry meme coin put for their head wey later dem go dump am. E important make you sabi say no easy money dey. Make you gather tools wey go help you evaluate whether any investment make sense on top say e get value on its own. Na the key to financial success be that.
- Crypto Potential Too Much
As I dey write this article, the crypto market cap dey around $1 trillion. E fit look like say e big, but if you compare am with other asset classes, e be like say e no reach. For example, the US stock market cap na around $47 trillion, and Apple ($AAPL) on im own, wey get market cap of $3 trillion, e dey like say e almost three times pass the whole crypto market.
If crypto mission to overhaul our outdated financial system and connect the poorest parts of the world financially come succeed, the potential e get no go fit hide. For example, the recent development wey dem see for Bitcoin spot ETF go make opportunity plenty for regular people to get crypto without the risk wey dey inside self-custody.
People get different views for the world when e reach digital assets. While people for some places like United Arab Emirates or Latin America dey show love for crypto, plenty Americans dey shine eye because them hear bad things wey them take discourage them. According to one survey wey Pew Research Center do, 75% of Americans no get confidence for the safety and reliability of cryptocurrency. The big difference fit cause price to dey jump up and down anyhow, and e show say incentives fit dey somehow messed up for the matter as dollar dey fall and the world dey change.
- Embrace Utility
Maybe the biggest change wey happen during the last market wahala be say dem see different use cases wey dey work. The success and how people dey use non-fungible tokens (NFTs) for art, entertainment, and even the way wey big brands and countries dey see cryptocurrency as real money, e don show say Web3 no be just story, e dey happen.
The improvement wey dem see for decentralized technologies don fix many wahala wey dey inside many decentralized protocols. The way wey proof-of-stake take show face and the way developers take use am don give regular people chance to use decentralized technologies, and e don increase how people dey use am. While some people bin believe say one protocol go carry everything for head, e dey show now say the bigger Web3 community dey look for how dem fit build bridges so dem fit work together, and that one na important thing for mass adoption.
Conclusion
We dey for the edge of wetin fit be the biggest transfer of money wey man never see for history. The goal of blockchain na to create one fair world where nobody fit chop beating.
Satoshi Nakamoto, the person wey create Bitcoin, imagine say world go dey free for financial matter and everybody go fit join. Even if e no fit imagine exactly how e go happen, e go dey happy to see how im invention don dey help people for all over the world, for their financial matter. If you enjoy this article, abeg consider to like am and follow me for Hive for 