The bitcoin market has changed dramatically in the previous 18 months. It has grown at a quicker rate than ever before, yet its future has never been more uncertain.
With so much free time and so few things to do with it, many people have turned to crypto trading for the first time during the pandemic.
The viral trail of Reddit posts, where talk of "stonks" and "diamond hands" spurred hundreds to collectively inflate the price of certain commodities "to the moon," attracted everyday customers, many of whom had no idea what the blockchain was. This spawned a whole new category of "meme stocks," reviving dormant companies like GameStop and AMC while also rocking the market to its foundations.
All of this points to one major tendency. Cryptocurrency, which was originally only understood by a small group of anti-establishment investors, is swiftly becoming a household word. According to analysts, the global cryptocurrency industry would more than triple in value by 2030, reaching roughly $5 billion. Investors, businesses, and brands can't ignore the growing wave of crypto for long, whether they want it or not.
Cryptography, on the other hand, seems to be plagued by paradoxes. Investors support regulation, but they are concerned about many of the consequences it will have. They're environmentally sensitive, yet cryptocurrency has a significant carbon footprint.
People's rights?
For a long time, the number of cryptocurrency investors has been steadily growing around the world, but the latest surge has been tremendous.
In addition, investor profiles have changed. It's no longer such a niche passion in this day of meme stocks and stimulus cheques. Rather, ordinary people have viewed this new asset class as an opportunity to supplement their portfolios with potentially more lucrative, if riskier, assets.
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