Bitcoin and digital assets have been gaining enough impetus, and the adoption of these assets and services of the blockchain-based platform is spiking. People have started understanding the need for these digital assets against traditional assets as smart contract-based platforms flourish.
Confirming the above fact, in an annual survey at Deloitte, 89% of the total respondents said that digital assets would become important for businesses in the upcoming years for a quality check in infrastructure and partnerships. This will encourage us to move ahead of all the possible avenues of competition and strive for greater developments.
The time is now to visit infrastructure and partnerships to get ahead of the competition. https://t.co/HF9ycnw5CH
— OSL (@osldotcom) June 18, 2020
However, if we emphasize the increasing adoption of Bitcoin and cryptocurrencies as a new way of investing, it comes with a benefit of no interference from the central or the government, thereby retaining all the advantages of a decentralized blockchain-based platform. Moreover, after the outbreak of Coronavirus—the Pandemic, the entire world faced economic shut down wherein loss of jobs and unemployment became the major concerns. Nonetheless, the traditional investment market was on its knees, and the market experienced one of the massive crashes in March.
It was then when people around the globe looked for earning and investing opportunities to keep the income coming through the internet or online. The results are startling enough how the majority of people have been wealth maximizing and earning profits by investing in Bitcoin and cryptocurrencies.
Moreover, lack of interference and centralization has served a boom for the sector to grow as per the current quantitative ease and increasing debt as the Federal Reserve prints bills. Although, we might take this as a benefit in the form of “Free Money,” but today, nothing comes without paying a penny. This free money printed is likely to lead to overburdening debt for the common man, and a reviving economy will demand a flow of money from all the sectors.
U.S. national debt just hit $26 trillion.
An increase of $2 trillion in 2 months. pic.twitter.com/kgFtkX7g9t
— Dan Held (@danheld) June 18, 2020
Having compared all these factors, the immediate resort is nothing but investment in Bitcoin and cryptocurrencies as we ought to embrace supply certainty against an uncertain supply of nothing but the debt.
Embrace the world's uncertainty by embracing bitcoin's supply certainty.
— Bitcoin (@Bitcoin) June 18, 2020
Although the momentum of Bitcoin has taken a longer than imagined pause this time, it is nowhere leading to the dwindling rate of adoption as the hype of arrogating digital assets remains the same. And, this is turning to be an opportunity for potential investors to splurge and the existing investors to HODL until the next bullish move.