🔗Blockchain and Crypto Market Values
Cryptocurrency is changing banking system. Bitcoin was the first cryptocurrency created in 2009 who Satoshi Nakamato, and today, thousands of other cryptocurrencies, known as altcoins, have been created.
Cryptocurrency is becoming increasingly popular as an investment option, despite some uncertainty about its long-term prospects. One of the main advantages of digital currency is that it allows for buying and selling without government oversight or regulations, which some investors see as a hindrance to efficient transactions. Many businesses around the world are now accepting different forms of cryptocurrency for payments, and there is a growing movement towards a decentralized financial system as an alternative to traditional fiat currency. As a result, many investors are turning to crypto as a way to diversify their portfolios.
Additionally, the use of cryptocurrency also offers increased security and privacy in transactions, as it uses advanced encryption and blockchain technology. This makes it a more secure option for both individuals and businesses, compared to traditional financial systems that are vulnerable to hacking and fraud.
Furthermore, the decentralization of cryptocurrency allows for greater financial freedom and independence, as transactions can be made without the need for intermediaries such as banks or governments. This opens up new possibilities for global trade and commerce, as well as opportunities for individuals living in countries with unstable currencies or limited access to traditional financial services.
Overall, while there are still some concerns and uncertainties surrounding the use and value of cryptocurrency, it is clear that it is becoming a more mainstream and viable option for investors and businesses alike.
We gathered some of the most crucial cryptocurrency stats for 2022 and 2023. Crypto Stats is in below;
Crypto's entire market cap is at $858.43B.
Confidence towards cryptocurrency is almost 100%.
67% Millennials see Bitcoin as a safe haven asset.
Older generation are showing interest to cryptocurrency.
Bitcoin is still the most popular crypto.
Trading volumes of crypto investment products surge 127%
Over half of crypto investors aim for income.
Owners are comfortable with using crypto as money
Daily trading in crypto has reached $47.1B
The first ten cryptocurrencies comprise almost 84% of the total cryptocurrency market value
Crypto owners prefer exchanges for their crypto assets
Investors use disposable funds for crypto
Fraud and hacking are still barriers for most people
Over the past two years, over $1 billion in crypto has been lost to scams and theft.
There’s a crypto-related social media post every two seconds.
Banks could save $27 billion through blockchain adoption
Emerging markets dominate crypto adoption worldwide
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