The fate of cryptocurrency is tied to Bitcoin’s price. Which is at mercy of large-scale manipulation and cryptic factors that none of us can seem to understand.
However, the RIP Crypto title is just a meme. For now, there doesn’t seem to be an end to this rising industry. With continuous, rapid expansion of the blockchain projects and as more and more developers are being attracted towards it, it is creating a much bigger space for it grow; cryptomania is only flattering global economy away.
Crypto is like an uprising, that is taking the world one coin at a time. And if you are still not convinced that crypto is NOT dying then I advise you to go check out Reddit. It has been the hub of crypto and it is still is. They are some of the most active and fun subreddits to follow on entire Reddit.
Moreover, we have our reasons to tell you that crypto is not dying any time soon.
Cryptocurrency rose exponentially and declined slowly
Although, you might be wondering how is this good news when there’s literally a word called the decline in it. BUT, the important thing to remember is that a slow decline is better than a sudden crash because we don’t want something like 2008 financial crash to be repeated again. A gradual decline is proof of a healthy correction in process.
The astounding 15% increase in users.
Since the end of last year, there have been 24m blockchain users in total. They even continued to grow during the declines of the last few months.
More acceptance as payment of goods and services
The expansion also meant a wider adoption, and no we’re not talking about PayPal and Expedia only. But many smaller companies have also started taking crypto seriously. And, the acceptance of smaller business is more important because its riskier for them as compared to bigger businesses. So if they are welcoming crypto with open arms then it’s a safe land.
Last but not least, many people have been here before. We all seem to be questioning the fate of cryptocurrency from time to time. Every investor has experienced at least one major fall in the price of Bitcoin. Many people rode the bull and they can certainly do it again as it won’t go crashing down unexpectedly.
Another good reason as to why Bitcoin is still well and alive is because of Satoshi Nakamoto. Until we hear it from him, the unsolved mystery will keep dragging us to this ordeal. He created this amazing gift for humanity but won’t take credit for it even if he got nominated for a Nobel Prize!!
Now it feels like this was Satoshi’s way of keeping Bitcoin alive by keeping people wondering about his identity which in return would keep them hooked to Bitcoin as well.