Random Blog on Crypto (Part 12) : Why Crypto Will not be lost with the help of exchange sites

An exchange site plays a very important role in the economy. As we know, South Korea is considered as a country that plays a very important role in the world for only one company, Samsung. For the world's giant companies Google, Facebook, the United States ranks high on many indicators. Similarly, the amount of people a well-known and popular exchange site deals with and the volume traded can play a very important role for an exchange site and finance, economic system.

As we know, many other exchange sites including Binance have weakened their operations from the USA due to several regulations by the USA recently. In many cases where a country is supposed to have full control over an exchange site, we see Binance Exchange instead trying to give a push to the USA currency by unlisting it on their exchange. So taking these factors into overall consideration, an exchange site in the crypto world is a matter of having a very significant impact for any country and group.

We all know that there are many problems with the current monetary system in the world. Cryptocurrency can be one of the main means to overcome these problems in the monetary system. Exchange sites play a very important role in trading and becoming popular. We value a country's currency because we can trade something with it. Likewise, cryptocurrencies have been adopted among people in such a way that they have value in the market, that is, if someone has Bitcoin or other crypto, then he can meet his important needs with it.

Since these cryptocurrencies are accepted by people all over the world, it has a value all over the world. Although the price of crypto may fluctuate due to the market up and down, it will never fall completely. Although many people think that there is no real asset backup behind cryptocurrencies such as gold or foreign currencies. But still because of its widespread acceptance, a certain value has already been created which has taken it to unique heights without any backup just by the help of blockchain technology.

We often see Bitcoin prices falling but like normal fiat currencies, cryptos continue to impact value creation, playing a role in buying and selling in the market, and in the economy. So I think there's no going back as far as crypto has come. Its end is not really possible. Even after fiat paper money of many countries is fulfilling people's utility, crypto is also doing the same without backup. So at the end of the day it can be said that easily this crypto based system will not be completely destroyed as paper money like fiat will not end even with much inflation in the economy because mass adaptation is done so far. Thank you.

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