Month: January 2020

2019 was a great year for cryptocurrency. The number of people who interacted with the virtual assets rose steeply. It demonstrates that the credibility and scope of cryptocurrencies have come a long way since their inception. Owing to a plethora of advantages that cryptocurrency brings to the table, the dark clouds that once masked the potential of crypto coins have begun to dissipate. The crypto realm is at the forefront of fintech innovations, and if you’re looking to be a part of the rapid transformation in our economy, invest in EVAI 2020 today.

Does Bitcoin and cryptocurrency in general make any difference? The short answer TODAY is no! Bitcoin at today’s price is not a place to invest all your hard-earned money. It’s too volatile and the outlook is too uncertain. It’s too much of an unknown quantity to seriously make it a major part of your investment portfolio. That said it does not mean it should be ignored! Blockchain technology will become a bigger and bigger part of business and daily life in the future. Some early adopters will make a fortune whilst others will lose their stake. Like the dotcom boom

In our last editorial on The Fourth Industrial Revolution, we touched on the reasons behind the emergence of cryptocurrency. Cryptocurrency is born of technological advance, as a response to financial miss-management. Let us consider for a moment the causes of the near collapse of the banking system and how this might possibly have spawned the rise of Bitcoin as the forerunner of all the cryptocurrencies we see today. Answering this basic question leads us to better understand what cryptocurrency is.

The first, second and third industrial revolutions brought us to the present day.

According to Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, the new age is differentiated by the speed of technological breakthroughs, the pervasiveness of scope and the tremendous impact of new systems.