The abrupt changes in crypto prices can be a bit scary to some users, and they can’t be blamed for that. Cryptocurrencies are new to the world and began to give their first steps towards the financial market.
There’s no regulation of government behind decentralized finance (DeFi): everything is up to its users regarding volatility, security, and pricing.
However, this is the strongest point of crypto: where governments fail to maintain their fiduciary assets in control, crypto can be used to change the tide of crisis and make you more financially stabilized.
Check out the 5 main reasons why crypto volatility is a good thing:
Deep changes into financial market
Most users are still depending on banks and other traditional services. But things are changing fast: El Salvador determined that Bitcoin is one of its official currencies along with American dollars.
Many businesses worldwide are starting to accept crypto, which leads to its use as a currency, not just as a financial asset to speculate. That leads to a more stable and strong decentralized market overall.
Easy to use
Non-experienced users are trying new tech to make their transactions safely and faster than before. Sending and receiving crypto can be much easier than opening a bank account and using its means to do so. Be Optimistic.
Just create your wallet and send the address or QR Code to receive payments and that’s it, you’re your bank.
Haven against inflation
The pandemic created a lot of financial problems worldwide. That led to a weakened global economy in many niches. On the other hand, cryptocurrencies endured well against most difficulties we’re facing until now.
People are starting to get crypto to feel protected against financial issues, like inflation or bankruptcy. Having a diversified portfolio makes things even more profitable and interesting for the long term, too. Check out our latest article to know more about it.
Lots of benefits to consumer optimistic
Both merchants and consumers can take advantage of P2P payments and cheap, secure transactions when closing deals. Fewer taxes and costs lead to better prices and strongest discounts, making e-commerce and physical store much more competitive than ever.
Metaverse is out there
Making a second life in virtual worlds could be a life-changer for everyone: people will be able to chat, make businesses, and play inside online and integrated environments.
That said, cryptocurrencies are likely to boom even further with the advent of this brand-new concept that can be already tested inside some platforms.
The bottom line
This year will prove quite valuable to cryptocurrencies since the crisis we’re in is far from over and the economy must thrive to maintain humanity’s best interests.
Cryptocurrencies can be used to avoid inflation, make more money to invest and spend on things that you need and to be a pilot in new tech.
Things are just beginning. Don’t waste any more time! Be Optimistic.