Life around us has changed, forever! This virus has changed the way we are
currently living in the world. More–even, we are not going back to life the way
we were very soon. The COVID-19 pandemic
has impacted financial markets all over the world, including that of cryptocurrencies. The very
essence of well-established global businesses and the world’s financial system
is in danger. The companies have to make all the preparatory arrangements to
maintain the standards of safety while undergoing normal business chores.
We are all in this together and let’s be mindful of the
fact that the virus is still among us, we should work on crafting a simpler,
yet fulfilling way of life that promises a fair and equitable future for all.
We are all in this together.
The COVID 19 pandemic has impacted the crypto markets across the
globe. Among the many important innovations that the pandemic will push forward
are blockchain and cryptocurrency Cryptocurrencies will be
increasingly used as non-correlated investment options and will drive further
interest in blockchain-based financial instruments with a new definition of
speed, transparency, and reliability.
Before this pandemic stepped into the play, people had no
choice but to be caged into the traditional currency system. The Crypto protocol is
not controlled by anyone and makes it possible for everyone to store and
transfer value in a currency that is resistant to manipulation by global
financial institutions. This kind of financial system is bound to be
progressive in nature when there is a global restriction in the finance
industry. More & more users are now getting inclined towards the crypto investment. Growing
institutional interest can also be easily traced.
The world is experiencing endless economic disasters due
to the fragility and instability of the global financial system; Cryptocurrency is a key to
secure the financial future for millennials.
Tim Draper, an American venture capital investor, and
billionaire stated his intentions of moving his portfolio into the crypto
World,” ‘presuming that “bitcoin in 2022 or the beginning of 2023 will hit
$250,000”. Finally, Draper has recently given another optimistic forecast about
Bitcoin - stating
that he thinks “when the world comes back, it will be Bitcoin, not banks and
governments that save the day.”
The crypto industry will continue to struggle amid all
the uncertainty, which has been further highlighted by the COVID situation.
Hopefully, a few years down the line, the change in the narrative will be more
of a positive one.
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