Cryptocurrencies will impact the next economic revolution, but not the way most people think it will. Cryptocurrencies will become a safe and fast way to store wealth with a reputation independent of any central authority. It may take a few years, but I believe the blockchain will change the world.
It also has the negative effect too, as it's empowering some it's recking others, so the difference is making wise decisions and study the market.
Well this is under probability because cryptocurrency is highly volatile asset that may not be able to give people good amount of money within a short period of time ,it is something that one have to consider to invest for a long time.
I know a lot of people do borrow money to invest in something they don't really understand but inasmuch as this is a risky investment I don't advise people to borrow money and invest in cryptocurrency.
I remember way back in 2013 when i had the oppourtunity to invest into bitcoin,then i did not really know the use of this coin,but latter when i started seeing the value appriciation and growing acceptability, decide to go into it.
Well all I know is that we all can't be rich through cryptocurrency because we all are not investing on the same cryptocurrency coin so it won't be possible I guess since we all can't be happy at the same time though.
Cryptocurency is just like a normal curency because of its value,most persons are using it to do real transactio converting it to fiat curency and solving needs.
That's the conception most people have when it comes to investing in Bitcoin,they see cryptocurrency as a poverty elevation program and this in turn influence their pattern of investment.
Cryptocurency has really helped a lot of persons to be on their feet once more,since the pandemic came,a lot of jobs has been lost and most persons took solace in the trading of cryptocurency and it actually paid off for them,and some of them have taken it to be their permanent source of earning.