We have seen it ALL, maybe just the beginning I guess. The flexibility of digital assets means its price can zoom within the blink of an eye. Nevertheless, beyond just market swings, there is always a need to look at the entire cryptoverse future in one two words like 'data transaction'. Of course this goes deeper into expanding what blockchain technology is all about.
This is something that @taskmaster4450le has discussed severally and when you do your personal research you will concur to the fact that data thrives blockchain and crypto is just a set of data that turns assets. That's why I wouldn't doubt Bitcoin to be worth $1million. cryptocurrency has proven to be the most portable and flexible means of transaction coupled with privacy.
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I really wanted to focus on the market yet I will be working with both financial numbers and data in general. Speaking of such, we have seen the market hit green ways. It is always something that merries the heart of faithful holders. Consider the die-hards who were still buying when bitcoin was below 18K. This to some point looked like an insane decision, the Joe Biden tenure was pushing crypto to the wall. The funny part was that while many saw it as an end to this digital assets, others saw a life changing opportunity. Perhaps some of us are supposed to be living in the Bahamas now if only we understood the season and also the technology. More is yet to be unraveled.
I can say that again, bitcoin crossed the 100K mark last week although it is currently trading at a sound 98k, it is not a concern when considering the leap. Adding to that, expect liquidation at every stage to balance the market, it was something I wrote about some weeks ago that many will be on a constant loss while bitcoin is rising.
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Of course, you longed the market and got shipwrecked. Maybe it is your little commitment for the growth of this industry. That aside, we must admit that the future of blockchain and crypto has been delayed. From the inception of bitcoin in 2009, a new path for online transactions and economic revolution was created yet as usual, every technology will have to face opposition.
This means that the eye opening opportunities blockchain and crypto we are realizing now should have been in 2009. The price of Bitcoin just hit 100K+ and to me all I can say is 'now is here'. The market prices are always motivating yet from my views crypto is just like a dispatch rider, the delivery box is blockchain and the content is data. The high price of bitcoin means one thing; attention.
Already we are having the new US government promising to collaborate with this industry, something that was a no go zone for its predecessor. prices are already zooming even in the altcoins market. I am considering this attention and where it can lead this industry to in at least the coming four years.
Without doubt, I must add that the fight has been two dimensional. First has been the government and second has been the big web2 players and Internet gatekeepers. I only hope we don't go over the former fight again as it seems the government are paving way. On second thoughts, could their embracing be towards centralized entities?
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This is where the concept of beyond price swings will come in, who will be the custodian of data? Many of us are just ok as long as the prices are up, nevertheless, we must understand the full system, if at the end of it all, the Trump tenure sides with centralized agencies, we will be in for another grind. Those that own the data will own the market decisions.
This is where web3 will step in, now is the time. Yes it is easier said than done. I must appreciate InLeo for a tremendous work done to bring in new monthly active users. Collaborating with Dash chain has been worth that effort. In general, pushing a platform like Hive to many eye will help salvate the situation.
I am not just saying this because I write on hive, yet the fact remains, data safety will never be attained in the hand of centralized agencies. What happens if they wake up one day to wipe their entire history? Oh! You thought it was your data. The future of money, business, transaction and daily living is moving into a virtual world. While money will remain a means to an end, the means to earn itself will be data.
To conclude, let me add, a single article may not be able to address what the future holds in terms of economic resolution. Nevertheless, I see this season as the set time to push blockchain technology into new grounds. What started as a joke in 2009 has proven beyond doubts in 2024. A new year is approaching with a new government. With world power making promises of crypto adoption, it will open door for blockchain technology, utility will play a major role.
Posted Using InLeo Alpha