What’s the Deal with Cryptocurrencies?

And is it too late to join the party?

Col Jung


Source: “Elon Musk says Bitcoin Better than Cash” — Somagnews

Not at all. Actually, you’re early!

I’ve discussed this at length on YouTube.

Less than two percent of the world own cryptocurrencies. This nascency in adoption is a main reason individuals can make so much money in this space right now. Call it first mover’s advantage.

Early crypto adopters have faced a high barrier of entry navigating the space. It can take a certain degree of finance and tech savvy — with a healthy dose of suspicion for government tomfoolery — to get involved.

As a technology, blockchain — and associated cryptocurrencies that lubricate their networks — form part of the next generation of disruptive technologies terraforming finance, governance and the internet towards decentralisation. Think decentralised finance (DeFi), decentralised autonomous organisations (DAO) and Web 3.0.

As a political ideal, blockchain and cryptocurrency enable a decentralised world that gives economic power back to ordinary people. Traditional banks and large corporations will be disrupted. Governments and central banks will find their power under threat.

In this article I’ll explain the need for crypto, why its price is exploding, and where to buy them — from bitcoin and ethereum down to micro-cap altcoins with 100x potential.

Right now there is no other asset class that rivals cryptocurrency for insane capital gains and passive income.

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Why buy cryptocurrency

There are two theses for getting into cryptocurrencies:

  1. Invest to get rich. This is the most common reason. All your mates and their dogs are getting wealthy—why not join the party?