Cryptocurrency and blockchain have become mainstream and are attracting more investors. There is more awareness as top companies, celebrities, organizations, and so on have spread the news.
While crypto is getting more attention globally, less than 10% of the world’s population owns crypto. Many people in the world today are still a tourist in crypto-they know about it but aren’t into it due to different reasons.
In this post, we’ll discuss why you shouldn’t be a tourist in cryptocurrency. Let’s get right to it.
Why You Shouldn’t be a Tourist in Crypto
A tourist is described as someone who visits a particular place for pleasure and interest. There are many people in the world today who have an interest today but find it too risky to get into it fully. Discussed below are reasons you shouldn’t be a tourist in crypto.
1. Crypto is seen as Future Money
Bitcoin and other cryptocurrencies have been predicted to be the future of money by many in the financial system. Crypto has been tipped to replace the traditional paper money system. Although the issues (volatility, hack, scams, etc.) with crypto at its developmental stage have raised many concerns, it is still tipped for the future for its real-world use cases.
2. Crypto is been Accepted as a Form of Payment
There are several businesses, merchants, and companies that are accepting Bitcoin and other cryptos alike as a form of payment for goods and services. Tesla, McDonald’s, and NBA’s Dallas Mavericks are notable brands that accept crypto as a form of payment.
3. The World is Becoming More Digital
The world is becoming more digitalized which gives room for crypto, NFTs, metaverse, and so on to thrive. The virtual reality world of the metaverse where there’s play to earn gaming, purchase land, and other assets has grown. Many companies are already making use of the metaverse and web3. Recently, Dubai city became the first city in the world to offer services in virtual land when it launched its metaverse police cop.
4. Crypto & Blockchain Related Jobs are Taking Over
The growth of cryptocurrency has boosted the chances of the blockchain on which it is run. Talented and skilled people in software development and others in tech are much sought after today. Blockchain platforms are being built while smart contracts are created so blockchain skills are in demand. There are crypto bootcamps to learn about the blockchain in learning institutions worldwide.
5. Crypto is Getting More Acceptance
Many nations of the world are giving rules and order to the use of crypto and its activities in their territories. China is one nation that has completely shut down crypto mining while some other nations have warned their citizens about the issues with crypto. Nevertheless, Bitcoin has become a legal tender in both El Salvador and the Central African Republic (CAR). Regulatory bodies such as SEC are also put in place to checkmate people as crypto becomes part of our world.
Crypto is getting mass adoption all over the world. It is advised not to be a tourist but get involved as it is becoming part of our life.
However, if you are investing in cryptocurrency, but what you can afford to lose as a return on investment is not always guaranteed.