Cryptocurrency – More Than A Disruptive Technology

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20 Jul 2024

Viral In Nature
Despite the initial resistance to Cryptocurrencies, much headway has been made, especially in more recent times. The introduction of ETFs and other institutional-grade investment vehicles has been a long-awaited endorsement from the financial dinosaurs that govern financial markets. Being accepted into the “club” has positive and negative aspects. However, regardless of your opinion, adoption is happening and will continue to flourish well into the future.
What was once viewed as a threat to the monetary system is now being considered an upgrade to the economic system. This is the reality I alluded to in a recent article:

Ideas improve until they are replaced. Historically, these are powerful moments, as they mark the end of an era and the beginning of another.

It might be slow, but we are now witnessing the phasing out of the old system in favor of the new. Once again, there are benefits and shortcomings to this shift. Nothing is ever entirely positive, or for that matter, entirely negative.
Either way, Crypto is here to stay. There was once a time when this was very much in question. The future of Cryptocurrencies appeared uncertain. However, that did not deter OGs like myself. Regardless of the level of acceptance and adoption, I was sold on the idea and the technology undergirding its existence. Crypto has a very viral nature. Proceed down the rabbit hole… and you won’t be returning. This was the fate of even well-established investors.
Paul Tudor Jones, Michael Saylor, and many others found themselves in a world far superior to the one from which they had come. For many, Crypto was like an epiphany… a moment of clarity and realization. A moment when they realized there was no going back. The viral nature of Bitcoin and Crypto has even managed to “infect” some of its biggest skeptics. There is now no turning back.
White Swan
Crypto has entered into a multi-year white swan event. A decade where multiple scenarios will unfold in favor of Cryptocurrency as an alternative or even a place of refuge. In 2022 I predicted the banking collapse of 2023. This is likely to be an ongoing phenomenon. The ever-increasing collapse of global fiat currencies is another catalyst for Crypto as an alternative, and in many cases, the only alternative.
In countries where many citizens are unbanked, Crypto acts as a “financial hero”. Furthermore, being in the first half of a Crypto bull market means that the valuations of Crypto assets will be significantly higher in the next 6 to 12 months. In light of the American elections, Bitcoin and Crypto are leading narratives and politicians recognize it as an absolute must, regarding campaigning.
The tokenization of RWA and the monetization of SocialFi and WEB3 are further examples of how crucial this financial sector has become. To think that we are still so early makes what is unfolding even more powerful. Crypto is more than a disruption, it’s an entirely new system. The shift has begun and those on the right side of it will benefit handsomely in years to come. It’s that simple!
Finding your place within this Crypto-based and WEB3 world is the challenge. The next challenge is to work your way forward within your niche. Whether you are financially minded or not, Crypto is expanding and is essentially all-inclusive. Identify your “zone” and work towards a realistic and achievable goal. The great thing about Crypto is that it can often propel you much further than you initially envisioned.

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Final Thoughts
I am so excited about the future of WEB3 and am always in a position of expectation regarding new projects and progress within the space. Expansion is the key regarding web3 and its income-generative potential. We are already experiencing it to some degree. However, there is so much more to come. Anyway, enjoy the weekend and I will catch you in the next one! By the way, BTC has broken downward sloping resistance, which is encouraging!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.