Prosperity Pac

news, finances, business and politics

  • Home
  • About
  • Blog
  • Business
  • Finance
  • Health
  • House
  • News
  • Politics
  • Success
  • Travel
  • Contact Us

in Finance

Robert Testagrossa – Why Crypto Will Show No Signs of Slowing Down

Ever since the world of cryptocurrency and the blockchain was released, there have been many naysayers across the entire financial world. Even back in 2017 when we saw the monster boom of crypto, and Bitcoin prices shot up to $20,000, many didn’t believe in it. Indeed as the bear run followed that pump, this gave the doubters much more to say about the eventual failure of the idea. Experts like Robert Testagrossa however have always believed and they knew that one day this would in fact be the new normal for the world of finance. Over the last 12 months, these predictions are very much coming to fruition. No matter what the naysayers may be talking about, here is why crypto is not going anywhere for some time.

Non-Fungible Tokens

In the world of economics, fungibility refers to parts of a product which are interchangeable and salable. When it comes to non-fungible tokens, these are products or creations which are not interchangeable. The world of NFTs is absolutely booming right now, especially in the world of art. This has created a whole new sector in the crypto world, because now people are creating and selling artwork, music and even tickets, which are sold through the blockchain to a single buyer. The wider that crypto becomes in this regard, the more faith there will be.

Mass Investments

This year more than ever before we have seen enormous companies investing in cryptocurrency. Most notably we have seen the likes of Elon Musk and Tesla go really big on their investments and this has given others the confidence to do exactly the same. These companies are not looking to invest in risky trades, which is why we can be confident that they are very much in it for the long haul.

Acceptance

Another key reason why we won’t see any signs of crypto slowing down is the acceptance which they have now gained from so many traditional financial institutes and banks. Over the last 6 months alone we have seen the likes of New York bank BNY Mellon offer crypto holding for its clients, and the likes of JP Morgan are even getting on board. Beyond this you can now buy crypto using MasterCard and PayPal, and the are not companies who jump onto trends for no reason.

Leveling the Playing Field

Ultimately there is a sense that cryptocurrency is going to level the playing field with regards to finance. For so long we have seen countries and the world economy pegged to the success or failure of the dollar, and that has seriously held some countries back. Given that crypto can bring about real change around the world, we can certainly expect more and more national governments looking at taking an interest in what crypto can do for them.

These are the reasons why we are not going to see crypto slowing down any time soon, what do you think about it?

To read more on topics like this, check out the Finance category

Filed Under: Finance

Previous Post: « Dr. Bruce G. Fagel – Reasons You May Have to Make a Call To A Lawyer
Next Post: Rose Burillo – Tips on Getting The Best Taco Stand »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • Exploring the Compelling Potential of Cannabis Terpenes
  • Key Additions That Can Add Value to Your Home Fast
  • The 3 Keys to Getting Approved for a Car Loan If You Have Bad Credit
  • 3 Simple Design Strategies to Make Your Office Feel Like Home
  • Dress Trends You Will Be Wearing in 2023

Recent Comments

    Archives

    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • August 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019

    Categories

    • Blog
    • Business
    • Finance
    • Health
    • House
    • News
    • Politics
    • Success
    • Travel

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Copyright © 2023 · Prosperity Pac