𝟐𝟎𝟎𝟗 was the year decentralized cryptocurrency was introduced to the world. Very small part of the population was aware of it, and I can safely say that people were resistant to such changes. Risk was too much for many. But we have come far. Through these 8 years, Cryptocurrency has been the talk of the town. Its merits above all have been put forth and has gained enormous popularity. With increasing value of every cryptocurrency and their own special functionality, people are getting more choices.
Now huge economical giants like China, Russia, U.S.A, are addressing this new sensation.Russia's central bank has issued a new statement on the risks of cryptocurrencies and initial coin offerings (𝐈𝐂𝐎𝐬). China has also banned ICOs. This has resulted in a severe drop in their prices. Most of the users are worried. But change has some outcomes? It's every institution's wish to be resistant to changes. It's easy for them. But sooner or later they embrace it as the time will tell. After such nations banning ICOs, many predicted the downfall of cryptocurrency but it's holding on. Despite the resistance from one of the largest economic giant, China, cryptocurrency is holding on. Predictions have been made that Bitcoin may rise to $𝟓𝟎𝟎𝟎 after falling to around $𝟐𝟎𝟎𝟎 this month.
What I truly feel happy about is the recognition it's getting. As it's based on consumers themselves, they have the full power for its uproar or sad demise and through these trends i feel consumers know exactly what they are getting. And soon Cryptocurrency will no longer be just a change but a revolution in the world's economy and that time is not too far.
𝐉𝐔𝐒𝐓 𝐇𝐎𝐋𝐃 𝐎𝐍!!
