Written by MarketBeat Staff
January 8, 2021
The Cryptocurrency Market Is About To Boil Over
The cryptocurrency was quiet for years, but it’s starting to boil over once again. With the price of Bitcoin up 550%, it certainly seems like the sky is the limit.
Whether or not you choose to trade Bitcoin or any other cryptocurrency, it is important to understand what it is and the trends driving it.
The bottom line, however, is that the world’s money is flowing onto the blockchain, and the use of cryptocurrency is growing at an exponential rate.
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The World Is Going Digital
There is a shift underway that begins and ends with digitization. That shift spans every aspect of our lives, including our money, fueling interest, and demand for cryptocurrency. We are still in the early phases of the shift. The ultimate winner is yet to be crowned, but one thing is certain.
The world’s value is moving onto the blockchain.
This means that one day, maybe, all of the world’s value will be recorded on a decentralized distributed ledger network, and all our transactions will be in cryptocurrency on the blockchain.
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