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One of the biggest hurdles for cryptocurrency to overcome is the lack of understanding the general public has for it. Despite the multiple success stories and the already evident shift in wealth it provides, many still are sceptical about what is to come.
From supporting small projects to believing in the idea of Bitcoin, the greater public needs to jump on board to get cryptocurrency more widely integrated into the economy. To help push you over the line, we have some insight into the market, offering cryptocurrency facts and quotes.
The industry is continually growing, with more and more people gaining knowledge and understanding of the market. To help spread awareness, many experts and enthusiasts do what they can to spread the word. Often this means sharing their expertise online, at conferences, and to the general public.
With a better grasp of the workings, experts are able to explain and attract new investors. As the market inclusivity expands, so does the topic, with more and more people getting in on the conversation.
The more people understand about cryptocurrency, the more people will invest, upping BTC and other altcoins’ potential to shift the monetary system to a more decentralized approach. Here is what people have to say about cryptocurrency.
| “An email saying you have gold is not the same as having gold. You might as well have crypto. Money is just data that allows us to avoid the inconvenience of barter. That data, like all data, is subject to latency & error. The system will evolve to that which minimizes both.” |
Thanks to his expertise and public support for the blockchain, Elon Musk has been a significant figure in the market. Musk is known to support Dogecoin with regular tweets and statements about its potential for future success.
| “It’s money 2.0, a huge, huge, huge deal.”
– Chamath Palihapitiya |
Chamath Palihapitiya was an early Facebook employee who later advanced his portfolio by setting up his own investment fund and becoming a highly influential venture capitalist. His quote on cryptocurrency is a reminder that just like fiat funds, crypto has the opportunity for people to create wealth and stability.
| “As the value goes up, heads start to swivel, and skeptics soften. Starting a new currency is easy. Anyone can do it. The trick is getting people to accept it because it is their use that gives the ‘money’ value.”
— Adam B. Levine |
Have you heard of Tokenly? Chances are you have. The CEO of Tokenly and Let’s Talk Bitcoin, Adam B. Levine, wants investors to be aware that public adoption is incredibly important in order to see mass success. Rather than just an investment option, Levine pushes people to use Bitcoin and other altcoins as daily funds.
Cryptocurrency holds many fascinating features, offers, and abilities, making it one of the 21st century’s most advanced creations. With the level of intricacy it holds, it can become overwhelming to take on board all the facts.
To avoid all the noise and only focus on the facts, we have scoured the web to find 5 of the most attention-grabbing details cryptocurrency has to offer. Keep reading to find out!
Like all other cryptocurrencies, Bitcoin has a limit, with only a certain number in circulation. In Jun 2022, the Bitcoin count left to be mined is 2 million, with a total value of nearly 19 million in existence.
The market is growing, and so is the adoption rate. With that being said, more and more ways are being implemented to allow for easier accessibility and adoption.
Bitcoin is known for its security features, allowing for increased safety and anonymity for its investors. Although this is a massive advantage, there have been issues arising from the extensive protocols. In total, since 2009, there has been an estimated 3.79 million Bitcoins lost due to scams, the loss of wallets or wallet details, and more.
Satoshis is the smallest denomination of BTC. To make up one full Bitcoin, one would need 1 million satoshis. The satoshis are named after the creator of Bitcoin, Satoshi Nakamoto, whose true identity is still unknown.
Bitcoin mining was a massive trend amongst crypto enthusiasts when cryptocurrency first kicked off. As the years have gone by, more and more people have gotten involved, diluting one’s chances of success.
Bitcoin miners are rewarded for their efforts by receiving 6.25 BTC for every 1 BTC mined. Although technically, one could mine a Bitcoin in 10 minutes, it’s important to keep in mind that there are hundreds, if not thousands, of Bitcoin miners competing for the same thing. Not only this, but it requires an astronomical amount of computer power to get it right.
Knowledge and adaptability are an essential goals for the crypto space. Be sure to be one of the early investors, and find out more about what the market has to offer. Cryptocurrencies hold many advantages, which have the potential to change the once financial landscape. Follow The Bitcoin Strip for more news on the latest cryptocurrency trends.
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