Imagining the Global Economy without Cryptocurrencies

Cryptocurrency, with its short existence, has been a booster to the world’s economy. This is made possible via different earning opportunities provided by this financial icon, which has been a survival bank to most Crypto players who have resorted to engaging their skills and creativity in the Web3 space.
Most countries of the world either have low employment rates or have great employment opportunities but with poor wages or Salaries. In some countries, manpower is overleveraged, and yet the pay for the work done does not match the stress at work.

There are many ways to earn in the Crypto space. But, you will need to choose which of the earning opportunities match your personality.

We have Traders, Developers, Miners, Holders, Ambassadors, Web3 community moderators, Airdrop hunters, Web3 content creators, Crypto Projects promoters, etc.

So, let’s head on to discussing what the world’s economy would have looked like if Crypto had not come into existence.

The World’s Finance without Crypto

We work, earn, and spend. This cycle cannot be complete if any of the components is omitted. This is what I term “the basic cycle of life”. As long as you are a human and you are alive, you want to eat to keep the body, spirit, and soul together.

And you know that free food does not come that easily. This is why you will have the desire and the push to work so you can earn what will help you stay alive.

Apart from staying alive, this cycle has a way of improving a nation’s economy by supporting what I call “quality money circulation”.

Let’s imagine a world where citizens solely depend on the government for employment or some high-risk physical jobs for survival.

From the imagination, you would see a world where employment opportunities do not measure up to the population of eligible adults.

Thanks to the evolution of technology. You can now learn digital skills from the comfort of your home. With these skills, you can earn good salaries by engaging in remote jobs available in the Crypto space.

Now, let’s proceed to discuss the type of skills needed in the Web3 space. For those looking to be gainfully employed and those who want to earn their money as a boss (Self-Employed).

Skills Supported in the Crypto Space

Most of the skills I am going to mention here can be used for self-employment and getting gainful employment. Below are some of the valuable skills I the Web3 space:

1. Crypto Market Analysis

Knowing how to analyze the Crypto market will help you earn a living from the price fluctuations of different tickers on the market. If you are good at reading the charts, you can trade futures and spot or even buy and hold.

2. Web Development

This is one of the most lucrative digital skills in the crypto space. As a web developer, you can write codes that can be translated into useful commands which will in turn execute smart contracts on an already existing decentralized network or Blockchain.

3. Graphics Designing/Digital Art

Due to the rise of NFT’s (Non-Fungible Token) popularity and lucrativeness, being a graphic designer or digital artist provides a lot of employment opportunities in the Crypto space.

4. Web3 Content Writing

With adequate knowledge of how the Crypto World works, you can create or write Web3 content for projects you’re representing. However, you will need to build up a good writing skill to communicate information to your online audience in a comprehensive and reader-friendly manner.

However, Crypto has come to effect positive changes in the Global economy. The earlier we embrace these changes, the better for us. Thank you for reading this article. Please share your opinion in the comment section below. Do not forget to give me a follow if you are yet to do so.