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Experts Blame Inflation for Lack of Cryptocurrency Growth.pdf
1. Experts Blame Inflation for Lack of Cryptocurrency Growth
Cryptocurrencies like Bitcoin and Ethereum have become an incredibly
popular way to do business on the internet, but there are still many
people who are hesitant to try it out. While most people seem to know
what a cryptocurrency is, they don’t always understand why they
should use one instead of regular money or credit cards. One of the
main reasons that people don’t use cryptocurrencies yet is due to the
fact that there simply aren’t very many places where you can spend
them. But according to three experts in the field of digital finance, this
problem isn’t going to last long...
The Problem
2. The crypto market has been going through a rough patch recently, with
analysts blaming its recent decline on out-of-control inflation in China.
Increased government regulations, fears of financial sanctions from
western governments and lackluster corporate involvement have all
hindered growth in one way or another. And even though Bitcoin has
risen by nearly 20% since late January, to $3,960 per coin on April 16,
2018—according to CoinMarketCap—the recent downturn is
concerning many experts.
Why Are People Wary?
A recent study conducted by Yahoo Finance showed that 71% of people
said they wouldn’t invest in cryptocurrency because it was too volatile.
The fact is, people are worried about their money. They want to make
sure that when they invest, they know exactly how much money they’ll
have tomorrow or next week. When you don’t have control over your
assets, it can be difficult to predict your income—and many investors
find that unsettling.
What Is Crypto All About?
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