3 things that happen to the cryptocurrency markets during times of economic uncertainty
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.
Bitcoin mining uses as much energy as mining for gold, study finds
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.
Bitcoin mining: What is it? Why does it consume so much energy?
Once a lucrative exercise anyone could do, bitcoin mining has grown out of control, and governments are weighing what to do.
Bitcoin is a cryptocurrency located completely online and not tied to any central bank. Its origins are shrouded in mystery and very few people predicted the popularity it currently enjoys.
How a 4-letter meme is stabilizing Bitcoin
The term “hodl” originated in a drunken post about Bitcoin from 2013, but it’s evolved into a movement in the cryptocurrency community.
No matter what you believe the future holds for Bitcoin or the cryptocurrency market at large, rest assured, you’ll have no trouble finding people who agree with you.
