Why Crypto Is the Next Big Thing

You will all agree with me that in the few years crypto currency will be what everyone will be using and talking about. Our shops, shopping malls, boutiques, restaurants, barbing Salons and everywhere we go and buy or trade for goods or services will all be requesting we pay them using Crypto.

But before I continue, how were all your weekends, friends and Mentors?

Let me start here, mine was a bit boring but I was able to accomplish so much during this few days of break as a student, it has being stressful but we all thank God we are here today to see this beautiful week y'all..

Before I go on with why I think Crypto is the next big thing in the World. I will like to tell you guys a quick story. I grew up in a family where I had ten elderly brothers and five elderly sister, including mine parent, so I had about 17 persons that I looked up to and always wanted impressing everyday. My mother was a bit old-school and a bit rigid, but very caring and loving, if you are a last born you will definitely understand. My Dad was... y'all know dads just being themselves and curious to do or learn something new and get involved with upto date technologies and stuff. Few of my elder brothers that got out, got themselves involved in most of this crypto currency and forex stuff. So mine Dad being curious wanted to try it out and he did, the result was kind of cool but he died before he could continue. I said a quick sorry so that's enough. So that was how I was introduced to crypto currency.

So why do I think Crypto is the next big Thing!!!

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We’ve seen Bitcoin hit multiple new all-time high prices — followed by big drops — and more institutional buy-in from major companies. Ethereum, the second-biggest cryptocurrency, notched its own new all-time high recently as well. U.S. government officials and the Biden administration have increasingly expressed interest in new regulations for cryptocurrency.

All the while, people’s interest in crypto has skyrocketed: it’s a hot topic not only among investors but in popular culture too, thanks to everyone from long-standing investors like Elon Musk to that kid from your high school on Facebook.

In many ways, 2021 was a breakthrough, says Dave Abner, head of global development at Gemini, a popular cryptocurrency exchange. “There’s tremendous focus and attention being paid to [the crypto industry].”

Bitcoin’s Future Outlook

Bitcoin is a good indicator of the crypto market in general, because it’s the largest cryptocurrency by market cap and the rest of the market tends to follow its trends. 

Bitcoin’s price had a wild ride in 2021, and in November set another new all-time high price when it went over $68,000. This latest record high follows previous high points over $60,000 in April and October, as well as a summer drop to less than $30,000 in July. This volatility is a big part of why experts recommend keeping your crypto investments to less than 5% of your portfolio to begin with. 

But how high will Bitcoin go? Plenty of experts say it’s only a matter of when, not if, it Bitcoin hits $100,000. Bitcoin’s past may provide some clues as to what to expect looking forward, according to Kiana Danial, author of “Cryptocurrency Investing for Dummies.”

Danial says there have been plenty of huge spikes followed by pullbacks in Bitcoin’s price since 2011. “What I expect from Bitcoin is volatility short-term and growth long-term.”

We can speculate on what value cryptocurrency may have for investors in the coming months and years (and many will), but the reality is it’s still a new and speculative investment, without much history on which to base predictions. No matter what a given expert thinks or says, no one really knows. That’s why it’s important to only invest what you’re prepared to lose, and stick to more conventional investments for long-term wealth building.

What do you guys think about this article and I will love to see your comments in the comment section.