Crypto:- An Asset or Bubble ?

It's the 21st century and we are the people who are lucky to be in this era where we are able to see a great technological transformation. Now technology is not just limited to certain industries instead it is growing widely and making so many industries smarter. Even we can see the changes around us and if we talk about the payment industry then this is no less than any revolution. Blockchain is a highly advanced form of technology that is also getting so much attention now and crypto is one of the parts of this.

There was a time when lots of people used to say that cryptocurrency is a bubble that is going to burst soon. In India, I have seen so many articles during the days when I joined the crypto space, where people were saying that crypto is illegal and it is like a bubble that will end soon. I have completed 3 years in the crypto space and even now crypto is here and that too it has grown a lot in the last couple of years. We definitely need to give credit to the traditional media because now they are doing a lot to bring more awareness about cryptocurrency and blockchain technology.

Many companies are exploring the possibilities with cryptocurrency and they are even trying out to see if they can use crypto as one of the mediums to pay their salaries. Many giant technology companies are working more on the technology side so that they can build something which can give them a great opportunity to generate another source of revenue. Banks are looking into this so that they can find some alternative to payment services like SWIFT and this way they can also make cross-border remittances easy. When we say cross-border remittance then the cost is the first thing that comes to our mind but with crypto, this can be simplified and can also be made a cost-effective option for the people.

For about three or four years back cryptocurrency was only meant to invest and hold or trade in the short term and this way one can earn money. Now things are changing and as part of the innovation, we have a bunch of options here that we can utilize to build something for the long term. In fact, I see it as a good opportunity to make it as part of the passive income because now if you are holding coins then you have the option to earn some interest on this while your holding will remain the same. This is called staking in the technical term whereas decentralized financing (DeFi) is another option where we can use our holding to deposit and this way and even better returns can be earned.

So crypto is a digital asset, not a bubble for sure and we will see more of this in the next few years many things will grow even more. Now things here have grown in such a way that a non-trader person can earn by investing money and there is no need to spend hours in front of a computer screen and reading charts. Just deposit the crypto holding in a reliable platform and this way it will generate a passive income without doing any effort. For example, the Hive is one of the best options where anyone can invest, and hive coins can be locked to convert into high power. Delegate this power to any curation project and there are so many projects. This way a daily or weekly pay-out will be made which is a good passive income.

Another option is HBD which is hive-backed dollar and investment here can make us earn 20% APR which is very good in the industry. This is reliable because it is not owned by any company or central authority. Hive Dollar is a decentralized stable coin where we can see some sort of fluctuation but still even when the market was down but also this coin was very much stable.

I believe that even now things are in the early stage because when more people will enter this segment then I think the prices will be more stable. It will not be as volatile as we have it as of now and even I see some difference in the volatility as compared to what we had three-four years back and now. This means that things are going and becoming more stable with I expect will happen even more in the coming years.

So crypto is an asset and with proper research and study, we can make good use of this opportunity. Investing in some good projects which you feel are doing good and have good potential in the future then I am sure that you will be able to do much more than what you can earn from any other industry. It's not a bubble at all which is going to burst in the next few months or years because it has survived so many years and later bull run was even bigger. It is here to stay so whoever joins the train early then will be happy in the future but if you miss the train now then probably you will not be able to join the fun again at the same level and later it might be very expensive I believe.

Thank you so much
Stay Safe