Home Cryptocurrency Bitcoin Are Cryptocurrencies Getting Closer to Becoming Regulated Money Equivalents?

Are Cryptocurrencies Getting Closer to Becoming Regulated Money Equivalents?

Over the last few months, cryptocurrency holders saw their investment portfolio becoming more valuable because of the unexpected cryptocurrency rally. Bitcoin and Ethereum went from being two cryptocurrencies showing great potential to being two cryptocurrencies that are worth more than many traditional financial assets. This development is not only a result of the heavy investment that has been breaking one record after another since the beginning of October 2020, but it is also an outcome of the trust markets have started showing in cryptocurrencies. From Canada to Nigeria and from Brazil to Vietnam, people are starting to see Bitcoin as a trustworthy equivalent of money and, in a way, this is something that will force economic powers to look for ways to encourage the implementation of regulatory guidelines for the collective use of cryptocurrencies.

The Bubble Period Has Been and Gone

Cryptocurrencies have had their ups and downs, but things were never worse than quarters 3 and 4 of 2018. The months following the bursting of the cryptocurrency bubble were nothing less than disastrous if one considers the money crypto investors were losing on a daily basis and furthermore over the course of several months. Three years later, it feels like the crypto bubble was nothing more than a myth, but history has taught investors that it does not hurt to be vigilant. This incredible crypto momentum cannot go on forever, so it might be worth keeping an eye out for potential investment alternatives. After all, one Bitcoin can buy you a lot of other financial assets.

Getting Out of the Game is Always an Option

It is in the nature of most investors to use their funds in order to create new investment positions, but there are always exceptions to this rule. There are many who have started feeling tired of the stress caused by the trading process and who would prefer to take on other challenges, like getting the chance to win real money in Canada at Mansioncasino.com. Additionally, giving yourself some space to decompress by having fun while playing online games, is a great way to pass the time until the market develops the necessary mechanics for an all-around adoption of cryptocurrencies to the real economy.

Computers, Latte Macchiato and Taxi Fare

Bitcoin and other cryptocurrencies have already started finding their place in the real economy. Businesses from all over the world have started accepting crypto payments, giving consumers another option in regards to paying for a product or service. You can buy Microsoft’s software or hardware, you can pay for a fancy coffee at Starbucks, and soon you may be able to pay for your Uber ride. Some may say that it is almost impossible for Bitcoin to be accepted by everyone, but a few years ago, people were saying the same thing about e-wallets, mobile paying applications and online banks. The modern economy is in a constant state of evolution, and innovative payment solutions will always have a role to play in the world of commerce. The only thing that remains a mystery is whether Central Banks will allow for a fiat-and-crypto coexistence or not.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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