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It has been close to twelve years since Bitcoin came into the market. In these twelve years, there’s been unprecedented progress in the world of blockchain and crypto. Just look at the Crypto sector, it’s worth trillions now within twelve years. Today big companies like micro strategy are investing in bitcoin and dealing in bitcoin. The world’s top brands like Tesla are considering its capital safe in crypto. Now Musk is considering Dogecoin as another business option for his electric car besides Bitcoin.
Obviously, when a company like Tesla would consider an economic issue, the company will do so only after consulting all economic advisors and keeping all business aspects in mind. Are the economical advisors of a company like Tesla are fools? It seems ridiculous when some people give an opinion on this subject with their narrow mindset on crypto. That suggests they still think in outdated investment methods with their old economy school ideas. I suggest they come out of their old mindset.
They will have to come out of the mentality that every person that deals in Crypto or invests in crypto is a criminal working with the underworld! They will have to stop thinking that crypto supports black marketing and the people that invest in crypto do so with black money only. People with such a mindset will have to stop thinking that investor in crypto is doing this for terrorism and he is an enemy of his country.
They feel like “We don’t know about the gains of crypto but the losses it will incur in the end, “Now you can imagine with such a weird sense of thinking about crypto and giving information to the public based on their so-called research will make them a laughingstock on genuine crypto investors. They probably belong to the BC era as far as their modern-day economical knowledge is concerned. Or maybe the correction in crypto going on right now will make them even happier.
Funny
These economic advisors instantly issue certificates of success or failure of a stock within a week. I have a couple of examples in my mind that prove it. For instance, the IPO of Coinbase. One news item said a bookie paid a player for “Inside” information in Bitcoin. Another news said about payment in crypto for hacking the system of a company. Does that mean if they did not invent crypto there would be no corruption in games or hacking in the cyberworld?
I want to laugh aloud when people like to tell us that crypto is the mother of all evil otherwise the economical world was safe heaven before crypto came into existence in 2009. There was no corruption in sports or no crime in the cyberworld.
They never stop telling us about the invention of cryptocurrency and its link with criminals for criminal activities and to destroy the world’s economy. Also, these intelligent critics keep telling us the way the machines that mine crypto use an enormous amount of the world’s energy sources every year and further talk about the carbon footprint that’s harmful to the environment. And not to forget about their claims that all the energy used for mining crypto comes from illegal sources.
Now how can anyone tell that the banknotes you talk about, we have to carry them from one place to another, to print them, ATMs the air conditioning, banks they all use electricity and they certainly do not emit oxygen but carbon dioxide as well and certainly far more than done in the process of crypto mining. By the way, digital currency spreads no corona but conventional notes? I leave that to your imagination because I don't want to spread panic.
Let me make it clear at this point that Crypto is not a currency, nor does it harm the currency, but it sure harms those who advise about traditional investment. They can’t think beyond investment in bank FDs, mutual funds, and certainly not in crypto. They can’t even think about online banks and virtual banking. I am sure they believe that there was no terrorism or illegal money transfer before 2009.
We all know who these people are! They are the people whose shops are on the verge of closing down or doing this to gain cheap publicity by writing about the dark side of cryptocurrency. These critics are probably not aware that crypto trading follows the rules and also keeps a record of all investments. They are probably not aware that crypto exchange and crypto projects consider and take all the rules into account and considered successful in the economic world.
I would have mentioned the taxes that crypto exchanges pay to the exchequer today but I would like to find out and write about this topic, which I am sure would be an eye-opener for many. These critics and even many governments do not know how much the state exchequer is losing because of their misunderstanding about cryptocurrency. I suggest they come out of their present mentality and start thinking in the right direction as Crypto is the future of the economy.
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