Qatar is helping Crypto Currencies Rise!

The Gulf Corporation Council (GCC) is putting tremendous pressure on Qatar. There are many news articles out, as we speak, that can explain in detail the rift that is going on between the members of the GCC. This post is how this event is effecting crypto currencies. Part of the pressure being put on Qatar is travel bands, air and shipping channels closing and bank transactions being blocked. Here is where crypto currencies comes in. Qatar has been a long supporter of crypto currencies. In times like today, crypto currencies can literately be a matter of survival for Qatar. The ability for any nation to transact financial services is vital. Any power to be, could bring a nation to it's knees, not by using military might, but by banning a nation from international bank settlements. Qatar can bypass a bank settlement boycott by using DECENTRALIZED crypto currencies. Perhaps the rise in crypto currencies in the past 48 hours has something to do with the middle east dispute. 

Even though the crypto market is still young and growing with a market cap of $100 Billion, a large cash infusion from Qatar into crypto currency can move the market up instantaneously.  Market swings in the crypto currency industry is not a sign of bubbles inflating and deflating. What we are experiencing is the growth and adoption of crypto currencies. Just think of the massive growth coming to crypto currencies as we witness nations beginning to use this form of currency to bypass any outside threat to their sovereignty.