Since the introduction of cryptocurrency in the market, skepticism cannot be disregarded but investors continue to capitalize until now and will still do in the coming decades.
Bitcoin keeps struggling to at least maintain its value of $5,000 for the past months. Despite the volatility in cryptocurrency, investors still believe in its power and the capability to go back to its highest peak and continue with their investments.
Since September 2018, cryptocurrency already reached 35 million users. It is an indication that more and more people are now getting used to digital currency and blockchain technology. It could be that individuals are spending more on the technology but it’s not flourishing that much in terms of business and industry level.
It was found out in a recent survey of over 500 startup founders that 40% personally own cryptocurrency. Those that cited cryptocurrency or blockchain tech as a prominent technology in their business in the coming years fell are about 13%.
Based on the investment firm First Round’s findings, a supposed 57% of founders acknowledged that cryptocurrency will work a merely “tentative” aspect in their trades. It also informed that only “few” companies will have consolidated it into their markets in the next five years.
Granted that cryptocurrency is prone to volatility but it’s not always that it will plunge because after the dive it will peak again. It is evident that despite the drop, millions of people are still using and investing in it because of its versatility. Did you know that the perfect time to invest in cryptocurrency market is when it hit rock bottom?
Cryptocurrency markets continue to develop and governments grasped the necessity to keep up-to-date by instituting digital currency into a controlled trading ground regardless of its ineptness under a traditional asset class. This is to provide them with bigger credibility while carrying out the risks to investors.
In Ohio, cryptocurrency can now be used to pay tax. Currently, the scheme is only applicable to business owners who operate in the state and possess tax bills. They will be able to pay tax on any 23 qualified business-related taxes without any limit on transactions. The state will launch will launch OhioCrypto.com and proprietors need to register online.
Fundamentally, cryptocurrencies are a crucial part of blockchain’s digital revolution that provides current businesses and startups with an opportunity to modify their business models. They could also acquire a decisive driven advantage or invest in new markets. It is feasible that digital currencies would continuously dominate a reasonable portion of economic valuation in the digital future.