intro)
I got introduced to crypto last year. And I watched it all last year.
Now the crypto market has fallen as you all know. And it was at this moment that I decided to dive deeper to get to know the market and start investing and earning.
So here are my thoughts on the current situation.
I am from Kazakhstan, namely from the city of Almaty. It is the largest city and economic center in the country. But when ordinary people are just starting to talk about cryptocurrencies. Although, at the same time, Kazakhstan in the world ranks No. 3 in the mining ranking. This is due to cheap electricity. This is an important point!
Considering what Russia is doing with Ukraine and the consequences in the form of sanctions, as I see in the news, Europe is now experiencing difficulties with electricity prices, which entails less liquidity for mining. And the further fall of Bitcoin in my opinion will continue. This is just my personal view.
Observations and news!
The current president, Tokayev, is focused on the strong development of the country in the digital direction. More recently, the Central Bank of Kazakhstan announced that it plans to create a national currency in the form of a cryptocurrency.
Driving through the streets of the city every day, I already see Bybit outdoor advertising. And the CEO of Binance generally personally met with President Tokayev and they signed agreements, the details of which are still unknown. Against the backdrop of all this news, Tokayev also presides and gives the order to build a nuclear power plant despite the indignation of the people on social networks. In my opinion, all this is very interconnected and I will not be surprised if in the future a large mining farm will stand near this nuclear power plant. And given that most European and American mining farms may now close due to lack of profit, this scenario is very likely in my opinion.
There is a bank in the market of Kazakhstan called KASPI, and in a few years, due to a very convenient mobile application, it has conquered a large part of the market, thereby almost eliminating the use of cash. Nothing like the development of crypto in the world?
My findings!
Although I am new to this whole business, everything that I described above can speak of the further development of the crypt, at least in Kazakhstan. The current price of Bitcoin may indicate otherwise and sow doubts, especially when you see that now the most popular search on Google is "crypto is dead?" But personally I think it's temporary.
There is such a Russian politician Zhirinovsky, who warned everyone about Russia's actions long before February 2022, but at the same time he said that everything would end in autumn 2022. Let's hope he was accurate in his forecasts here too. Since this can be the starting point up for the crypt.
All of the above is my opinion.)
Thank you for reading my post
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