Have you ever wondered how cryptocurrencies changed to the world?
Well, here I have the answer to this question...
The impact of cryptocurrencies in the global economy:
It is more than evident that any financial system, however consolidated, will always undergo changes over the years, mainly because certain situations always occur that can quickly turn the economy around 180 degrees.
Precisely when the crisis of 2008 broke out, we could live something similar and for that reason the famous cryptocurrencies appeared, specifically, it was the Bitcoin that opened the doors of a world completely unknown to us until now.
It was then presented as an alternative to the traditional currencies, which had been devalued enough due to the financial crisis and a new digital system was beginning to expand, with which to safeguard our capital and not be affected by the consequences that this very serious situation produced. .
With the arrival of Bitcoin and later other cryptocurrencies, the world economy began to change, at present, the digital currencies are taking a pulse to the traditional, thus impacting the global financial system and presenting themselves as possible currencies of the future.
Why cryptocoins can shake the foundations of the world economy?
As we all know, cryptocurrencies have been presented as a perfect alternative for traditional currencies. The main reason why digital currencies are increasingly popular is because they are within a decentralized system whose activity is not regulated by any public body.
It is the most important difference with respect to traditional currencies, since the value of these will always be determined by some financial institution.
But what happens in times of crisis?
Basically what we have lived in recent years, the currencies of different countries were devalued, some even fell into a tailspin and therefore, our capital and our investments also lost their corresponding value.
Within this scenario, cryptocurrencies appeared as a fantastic alternative:
The value of the same was totally disconnected with any bank, move based on supply and demand.
Virtual currencies depend on themselves and on users
They themselves are a bank and the money they have can be moved at will, according to the transactions they want to carry out at all times.
Thus, little by little, cryptocurrencies have made their way into society and today, many users make use of these currencies to maintain their own capital and avoid possible setbacks that may arise within the global economic system.
Among other things, we must emphasize that whenever we are going to make any type of transaction with a digital currency, we can do it directly to our receiver thanks to the peer-to-peer system.
Which means that we are not subject to any type of commission, which is what banks usually do in order to carry out the transfers. Therefore, with these digital currencies, we will not need any type of intermediary, which facilitates the ability to make any movement.
Some real situations
Although cryptocurrencies are currencies that have relatively little time to live, experts say that their impact on the global economy will be stronger as the years go by. Even so, we have already been able to experience some real situations in which these virtual currencies have gained special prominence.
Apart from the crisis of 2008, of which we have already spoken before, we can also comment on the main role they have taken with respect to Brexit.
When this happened, the pound sterling was devalued enough, something that for foreign buyers was good news but not so much for the local citizens who saw quickly how their capital had lost value.
The solution in this case was the use of cryptocurrencies, the British decided to bet on these virtual currencies to keep intact the value of their capital and not be affected by the general economic situation that the country was going through.
Something similar happened with the yuan, the Chinese market has also been devalued and the value of the local currency decreased significantly, however, it was not the same with Bitcoin and for this reason, many users opted to use these cryptocurrencies that arrived to reach a value of more than 3,500 yuan in exchange for just one Bitcoin.
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