Unfortunarely, it's getting easier to predict what might happen to cryptocurrencies when the economy takes a nosedive
- Born in the wake of the 2008 financial crisis, Bitcoin has yet to face a downturn like we're currently starting to experience.
- Based on the developments of recent weeks, some crypto market trends are starting to emerge.
- Bitcoin's relationship to gold is strong, futures and options are losing their lure, and stablecoins are on the rise.
- The image of cryptocurrency tends to focus on privilege and flaunted wealth.
- Financial institutions dismiss Bitcoin as a fad, while exploiting the benefits of the underlying technology for themselves.
- But the story in developing countries paints a different picture – one of vast potential.
What does it mean for the future of the cryptocurrency movement and its impact on the environment?
- New study reveals that mining crypto can be use more energy than mine for gold.
- In order to understand the findings, we must first understand what crypto mining is.
- The crypto community is looking for a way to solve these issue.
Once a lucrative exercise anyone could do, bitcoin mining has grown out of control, and governments are weighing what to do.
The term “hodl” originated in a drunken post about Bitcoin from 2013, but it’s evolved into a movement in the cryptocurrency community.