News about cryptocurrencies
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During the last few days there have been various news about cryptocurrencies, many about the behavior of the price of Bitcoin who after breaking the barrier of 20 thousand dollars has returned to the same with estimates that it could go down again.
The arguments are repetitive but the truth is that the crypto market has managed to enter and become part of the world economy to be news daily.
The Russian-Ukrainian conflict has created economic barriers that have caused the global trade of the dollar and the euro to lose progress and even regress, as some nations, especially Asian and African, have begun to trade in local currencies or created internal systems for the same, there are also those that have replaced traditional currencies for cryptocurrencies in foreign trade as in the case of Iran, Central Africa and Venezuela, among others.
For example, the Islamic nation has authorized the importation of cars from abroad to be paid instead of dollars or euros in cryptocurrencies and likewise the Ministry of Mines and Commerce has been expanding the inputs that industrialists can acquire to break the U.S. sanctions.
On the other side of the world in America there are extremes regarding this, but governments have been flexible in the use and exchange of cryptocurrencies by their inhabitants and there are freedoms for the same.
In Colombia there is a bill to legalize Bitcoin while in Uruguay the president just vetoed a bill to legalize crypto mining in his country.
The world is moving towards the possibility of political and economic changes that break the US hegemony and the crypto market could be a protagonist for investors to try to make their money safe in the midst of the chaos.
Hello @joseph1956, thank you for informing us without a doubt the future is gigantic for cryptos, it looks unstoppable.
So long, have a great week.
Yay!👍 We collecting more Crypto. Reshared your post🔁
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One thing I am really sure of is the future of crypto is really bright
Hi @joseph1956
Great to see that you're still posting in Project.hope from time to time :)
It's so hard not to be overwhelmed with amount of news related to crypto space. Isn't it? After all, this market never sleeps. And there is just so much going on, especially in comparison with traditional markets.
I found it quite fascinating to learn, that currently even small negative news is hammering crypto market. While really big and positive news and developments are almost ignored.
I never knew about this one. Interesting. Thanks for sharing.
Have a pleasant day ahead of you,
Cheers, Piotr
Certainly, there are many news items that are not massified because the media prefer to ignore them so as not to give them strength.