How crypto is taking over
In todays new blog I'm going to cover how cryptocurrencies are taking over the world. Not just when it comes to investing but the whole world of finance and even daily life. I'm going to explain to you why today I'm all in on cryptocurrencies. There are many reasons and I'm going to cover all of them in this blog post. There are so many reasons from devaluing currencies to a housing crisis happening all around the world. So make sure you read the whole blog post to understand my opinions and thoughts. So lets now get into the rest of the blog post now.
How crypto is taking over the worlds currencies
Its not a question of weather if crypto will do better then the us dollar. It is now a given most cryptos are outdoing the devaluing us dollar. The dollar is not the only currency that is devaluing now. It's now all of the worlds fiat currencies. Some are doing better then the dollar such as the euro but it's still overall losing it's value just slower then the dollar. This just goes to show the world is having less faith into the currencies they have regarded for decades as the most valuable and best to use for personal and business exchanges. In replace I believe we will see cryptocurrencies come in and take over. Especially cryptocurrencies like stable coins and financial payment based cryptos. I also believe that Defi and Proof of stake coins will also out compete the dollar and the current banking system. This is the main reason why the U.S government is attacking DeFi and crypto and attempting to regulate it. Which will lead to the collapse of the whole financial system we're in right now. But cryptocurrencies are out competing other assets an markets which leads us to the next topic of discussion.
How Crypto is taking over stocks
Another reason I believe there will be more adoption from the public and rest of the world is because now most cryptocurrencies are outdoing stocks by large percentages. It's not only bitcoin outdoing the stock market but it's the majority of legitimate altcoins. Moderna one of the vaccine makers and one of the largest gainers in the stock market with a yearly gain of 260% percent. That's only with that stock and is one of the best performing of the year on the stock market. However bitcoin is different it's had a yearly gain of 400% percent. That means bitcoin has out done the stock markets best performing stock by 140% percent. That's only with bitcoin imagine the percentages with other cryptos like altcoins or Ethereum. Crypto hasn't only out done the stock market but is now out doing housing market which leads to the next topic.
How crypto is taking over the real estate market in the U.S and China
On top of crypto out competing the stock market crypto is now outdoing the current housing market with how bad it's looking as of writing this blog (9/22/21) worldwide but specifically china and the united states. If you live in America you already know how bad renting prices are and how bad the prices are for houses on the housing market. Most U.S cities have rent prices at rates so high that a fulltime minimum wage job worker can't afford to rent. So most investors who aren't big whales but aren't retail investors aren't gonna be able to join the real estate market and make profit from it now like they could from cryptocurrencies. Another bad shit show of events happening in the housing market is china's second largest real estate company is now defaulting on their debts. Which is causing the housing market in china to crash. Since this is the only legitimate way for most average Chinese citizens to invest their money we might see more investors from the east start coming to crypto.
How crypto is taking over the media and public interest
Another reason crypto is taking over right now is because of the media. If you haven't notice the mainstream media has covered bitcoin and crypto more then they ever have before this year. Which is bringing in more interest from the public who are mostly retail investors. Not only that but now that more of the public is getting in on the action the whales are fearing of missing out so now they are trying to get into the market before cryptocurrency being in the publics mind is the norm. This is why cryptocurrency is going to take over the world. Don't miss out invest and buy this dip before it becomes to late.
My Final Words
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