The foundation of cryptocurrency has taken a little over a decade to establish. The industry gained some popularity when it first became known to the public, but the hype died down fairly soon afterwards. Though the mainstream media and most of the world put cryptocurrency on the back burner, it continued to grow, and those who believed in the future of crypto at the time are now reaping the benefits.
Tedi Ticic, a trailblazer in the market and one of the best crypto traders in Europe, has been active in the crypto world since 2016. This has helped him become very familiar with the market, giving him knowledge and expertise on all of its goings-on. Looking back at where it was when he started, Tedi says the crypto market has grown immensely.
With online financial institutions like PayPal now allowing users to make transactions using cryptocurrencies, it?s clear that crypto has become a big deal. By adopting crypto assets, PayPal users can now hold their assets in a digital wallet and use them in their day-to-day activities. Tedi says in the coming years, we are likely to see more people joining the crypto market and the value of cryptocurrencies increasing.
For quite some time, many countries were reluctant to legalize cryptocurrencies. Nowadays, more nations are slowly easing into the idea of using cryptocurrencies, with some lifting the bans they had previously imposed. Tedi notes this is a good step to the growth of the market.
In some countries like Costa Rica, employees can now be legally paid with cryptocurrencies. With central banks across the globe looking to adopt the Central Bank Digital Currency as an alternative payment method, there is going to be a spike in the use of cryptocurrency. Tedi says that embracing the crypto market will make trading and investing much easier.
Growth in cryptocurrency is dependent on various key factors, among them technology. Blockchain technology is ever-evolving. In Tedi?s words, technology has played a major role in the growth of the crypto market.
The COVID-19 pandemic has greatly affected the economy, and almost every financial product has recorded a drastic decrease in value. Despite all that, cryptocurrency
continues to show a positive index. For example, Bitcoin- one of the most popular cryptocurrencies- continues to outperform itself, as its values continuously increase.
The crypto market is a complicated one to learn, especially for beginners. With experts like Tedi training fellow investors and traders on how to maximize their profits, many more people now have the courage to enter the market. Tedi notes that people often shy away from the crypto market because of their fear of failure and lack of knowledge on how the market operates.
With regards to the future of cryptocurrency, Tedi says if the present trends continue, then there will be a much more widespread use of cryptocurrencies in the world market. However, cryptocurrencies are highly volatile, making it hard to predict how the market will act.
We are in an era of digitization where almost everything has been moved online. Many people now prefer digital currency over physical cash because of its convenience, among other benefits. It seems to be a sure thing that cryptocurrencies are the future!