The Adoption Of Cryptocurrency

in hive-183397 •  19 days ago 

Assalamu Alaikum


How are you friends! Hope everyone is well. Alhamdulillah I am fine too. Friends, after various ups and downs in the market, we are slowly moving towards better. Very soon we can expect to see Bitcoin too above 1 lakh 4 thousand. See friends there was a time when the market value of bitcoin was 600 dollars then 1300 dollars then 10000 dollars and thus its value gradually increased and today it stands above 99 thousand 300 dollars. Have we ever thought about how Bitcoin and other cryptocurrencies are increasing in value? How is the marketcap of the entire crypto world slowly increasing?

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Actually a simple answer to this is their receptivity. As their acceptance in the world increases, people's interest in them increases and people start accepting cryptocurrencies. There was a time when in the beginning people mostly did trading with cryptocurrencies but times are changing now people are doing very important things with their blockchain along with trading cryptocurrencies. Some are using blockchain for banking or some are using blockchain to create social media and some are using blockchain to create powerful AI.

However, there are crypto-related technologies including cryptocurrency and blockchain that can bring incredible happiness to our common people's lives. But because you can pray for happiness, it is not the case that it will come. For this you need to embrace cryptocurrency as well as all its sectors and use it properly. But there are still many other countries, including Bangladesh, which have not or cannot accept cryptocurrency properly See if I talk only about Bangladesh then it can be seen that Cryptocurrencies are not legal but not completely illegal in Bangladesh. And Bangladesh has legalized the blockchain technology in the absence of this. And since then, Bangladesh Bank is still using blockchain technology for its security.

Now let's see how a country like Bangladesh is in a situation where there is no clear position on the existence of cryptocurrencies and what kind of problems they can face. We all know that when a person works in blockchain technology he is given some cryptocurrency as a reward. But people in countries where crypto is illegal or have limitations on its use face problems. For example, if I mention only Bangladesh, I can see that a developer or blockchain official in Bangladesh thinks he has worked on blockchain and is given some cryptocurrency as a reward. But since blockchain technology is legal in Bangladesh, he doesn't have to face any problem. But since cryptocurrency is totally illegal in Bangladesh, he has to be in danger while receiving his payment


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However, all these things aside, we have seen a lot of news about cryptocurrencies, especially Bitcoin, in a few days. We have seen that somewhere Bitcoin has been adopted as a reserve currency, somewhere it has been adopted as the main currency of the country, somewhere we have seen a cold war over Bitcoin mining, and elsewhere we have seen the use of a separate cryptocurrency for international trade. So the way people are adopting cryptocurrencies and bitcoin we can very soon see it as the currency of the future that is being used all over the world. And so looking ahead, I think for now I think we need to create a foundation for countries where crypto is illegal and have a big future plan for it.

Friends, crypto adoption is increasing globally over time. So if a country does not legalize crypto yet and does not get proper education about it, it may bring us other dangers in the future which we cannot even imagine. So guys I am ending here today. Hope everyone liked my post. All will be well, Assalamu Alaikum.


Thank You


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Upvoted! Thank you for supporting witness @jswit.

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Wow, after a long time, you have posted on a very important topic which I really liked. Thank you.

I am so glad for your commentary