Which continent supports cryptocurrency?
In the past a few months the only support which we have seen from European and North Americans were over Segwit2x and at the end we saw that there was a division and bitcoin cash was created and now they are talking about the hardware fork for the 1st of November this year.
Meanwhile we heard negative news about bitcoin from European and North Americans in these past a few weeks and at the same time some so called experts in cryptocurrency are stating some impossible price range for bitcoin that even shows they don’t know about basic economy.
European Central Bank is printing money without any support and saving bankrupt governments and banks, and at the same time is concerned about bitcoin growth.
They know that with a real situation of the economy in Europe and the state of their currency they don’t have the chance to fact small but growing market such as cryptocurrency.
There is no real motivation for European to use cryptocurrency even thought we have the first real bitcoin bank and more ATMs than any continent.
People in South American countries are fighting each day and trying to establish a source of passive income while their governments are chasing people or banning any operation that they can find and it seems that this way they make progress.
In Africa same as in South America people are trying to create different communities to trade or to do mining and even is known that these types of communities are growing each day.
In west of Asia, it seems that cryptocurrency does not even exist except some ATMs in some famous hotels and exchange in some Arab countries.
In Persian Gulf and in Iran there are some movements and official communities of cryptocurrency which have weekly meetings. But trading is down in fiat exchange offices and there are many sites that are inactive.
In India there is a huge movement towards cryptocurrency since the government band using large notes and at the present time the authorities are trying to establish some rules and regulations so the trading could be clearer. Even there are some important exchange have moved to India to offer their services. There is no doubt that we could hear some good news from India in near future.
From South Korea, Japan and Australia we have hear lots of good news and they are progressing rapidly. South Korea is going to have the largest exchange in the month on the mobiles which is called UPBIT.
Japan tourist industry has experienced its first summer with bitcoin and the progress has interested the Chinese to consider to move there as the result of the actual situation in their country.
In Australia, nearly each week there are small communities of cryptocurrency in small towns and even dedicated shops to use cryptocurrency.
At the same time, there are some local politicians which are helping bitcoin to grow in their area.
Overall, it seems that we are facing some practical movements which only could lead to cryptocurrency success and provide us with more possibilities to choose from in this area.
Excellent post. I m venezuelan and here the unique way to save your money is in crypto the inflation now is about 2000% in this year. Terrible situation and the guilty is the goverment and its populism.
I am happy you liked it. I have a great venezuelan friend and more or less know what is going on there. Best of luck.
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