The price action has been down low lately, but fundamentals keep on pumping strongly.
With every single day you get more good news, and each passing moment it seems something exciting happens for the future of BCH and Crypto in general.
People are usually too enthralled with price action to notice, but this time the atmosphere is so bullish thanks to solid fundamentals that everyone is aware good things are coming.
Throughout this post, I’ll go over some exciting things and good news, showcasing the growth of BCH, how Crypto Adoption is growing, and how measurable data and studies back that up.
If this sounds like a post you want to read, then keep on scrolling.
BitcoinCash Growth: When Fundamentals Trump Price Action
BCH dropped quite a bit, together with every token in this market correction.
However, as I stated above, you can’t take that as a sign or benchmark of how the blockchain is behaving because every single day another exciting news piece comes out and new developments are being made to expand an already solid ecosystem.
Lately, people have been discovering what this blockchain brings to the table and some of the limitations of competing blockchains.
These two things synergize nicely and will undoubtedly be a factor in the next bull run as people start getting in on crypto they find to be solid on their FOMO moves.
We also have been seeing development accelerate throughout the blockchain and associated sidechains, SmartBCH being one of the core expansions being developed right now – some of its tools have already seen the light of day and can be tried by devs today!
BCH has a bright future ahead, and we’re going to see developments roll out exponentially faster once these supporting platforms and chains launch, which will propel the token to new heights on price as well.
If you’re in BCH purely just for profit, then this may not interest you too much – but you’ll still be jumping in joy because price action will follow major announcements like BCH-based DeFi and whatnot.
However, if you’re in this for the fundamentals, the technology, and to earn but on the long run – then this is why your attention will be hooked on BCH’s near future.
You see, all stars are aligning for Bitcoin… just make sure you picked the right one!
This will become even more apparent as more and more people take note of the paradigm shift we’re experiencing, which leads us to the next point…
Crypto Adoption Proof: How MasterCard’s Research is Encouraging for Crypto
MasterCard has recently published the results of a study it did on Crypto Adoption, which is something worthy of note since MasterCard isn’t what you’d properly call a “Crypto Advocate”.
The traditional payment company made a study across 18 different countries with several thousands of consumers and got its results:
40% of Respondents Say They Will Use Crypto Next Year!
This means that even people who aren’t involved with Crypto today aim to use it in the near future… and 40% isn’t exactly a number to scoff at.
But wait, there’s more!
You see, if the study gets narrowed down to the younger demographics and if we limit the analysis to millennials only, then the number is:
75% of Millenials say they are open to using crypto!
But there are more numbers to consider:
67% of Millenials claim they have more urges to use crypto today than in the same day last year;
77% claim they want to learn more about Crypto
For context, the sample was from North and Latin America, the Middle East, Asia-Pacific, and Africa, so the sample is wide enough.
Also, each country had at least 500 respondents.
Mastercard didn’t disclose much of the info we’d like to know like if Europe was included or not, or if more info was gathered but it is known the company is open to start receiving payments in Cryptocurrency, which is a big statement of crypto’s value and how even mainstream companies are being forced to accept it is the next big thing!
What’s hilarious is that the company states its interest for conducting the study was Academic.
Did you read that?
Mastercard said it did this crypto study for academic purposes!
ROFL!
Anyways, this isn’t the only thing to write about today, as there are more thought waves out there signaling the upcoming globalization and adoption of crypto-based systems.
Crypto Adoption on Schedule: Great News Everywhere You Look! Visionaries Rejoice!
Crypto is growing in adoption as more and more traditional financial institutions have been accepting/investigating/studying the technology and the ecosystem.
Everywhere you look you can read about more studies, adoption, investigations, and shifts on tactics to better accommodate the impending paradigm shift.
Companies are doing what they can to try to stay relevant if they feel they are being replaced, they diversify their investments, they adopt crypto, they slander it, or simply start finding ways to get in on the business – Central Digital Currencies being one of the ways they do it.
You can easily see this happening if you Google for these pieces regularly.
There was a time in which you’d go to google news, search for adoption-related news and see nothing.
NOTHING…
For months on end.
Now you got a couple of great news per week.
The pace is picking up…
…but there’s another side to this.
Even though even the most hardcore classic system-backed companies are starting to offer crypto-related services to their customers, skeptics have been trying to shake the waters by mentioning price.
JPMorgan, Goldman Sachs, Morgan Stanley, all of these classic companies are getting in and starting to accommodate the new paradigm (even though it won’t work out for most of them)… but even so, the media are progressing with the narrative that despite all of these news, prices are tanking!
They point out that adoption is rising but prices are lagging, so something must be wrong!
They add that crypto has stagnated and that the fad is losing steam, showing clear signs of what they call TulipMania.
On the contrary, we can all see that crypto didn’t “stagnate”. Heck, most of these news are the first to point out adoption is rising, so why consider the prices are stagnating?
When prices go up, crypto is speculative, wash trading, highly suspicious, and illegally enriching shady characters.
When prices go down, the bubble is bursting.
When prices go sideways, Crypto is stagnating.
This just goes to show you that the system comes up with the narrative and that facts count 0%!
So, in conclusion, the system decides the narratives being thrown your way in spite of what the facts and numbers say.
No matter how adoption rises, no matter how interest surges…
…Crypto is stagnant…
…MasterCard is only interested Academically…
Yeah right!
The system can fool the sheep… but the sheep aren’t the ones who are going to profit from this paradigm shift anyways.
Gone with the old, in with the new.
The Statism Backed King is Dead!
Long Live the Decentralized King!
Follow Me!
Main Sponsors: @MicroReylatos , @CryptoBabe , @zekecuba
I want too much to start with crypto BCH but the Only Problem that I face is That I can't understand but I hope I will learn as early as possible. Your article will help me too much ..