Crypto Business Prospects
If you look at the press regarding the crypto business, you can note two main topics under discussion: crypto exchange rates and the actions of regulators. It seems that the whole crypto business is reduced to exchange transactions, and all the other projects just serve these flows. At the same time, the regulators struggle to take full control of the crypto business.
We do not believe that fiat money is needed only to exchange one currency for another. The meaning of finance is much broader.
The meaning and capabilities of cryptocurrencies are also much wider than what we have now. The vast majority of projects involve purely financial transactions. Bitcoin ETF is number one. The crypto community is looking forward to his approval. Of course, this may lead to an appreciation of Bitcoin, but the project will not add to the cryptocurrency an important property namely utility. ETF is just a package that allows you to sell Bitcoin on regular exchanges. It broadens the audience, but does not affect the sense of business. It remains the same - exchange operations.
Only utility can ensure sustainable organic business growth.
An example of a project demonstrating the usefulness of cryptocurrencies and blockchain is our Meta Force.
For us, the financial component of cryptocurrencies is secondary. They serve the real project, and that is their utility. Utility generates demand, as a result we have organic, not speculative, growth.
We all understand that exchange transactions give a clear and relatively quick income. However, investing in cryptocurrency is a serious risk because of its volatility.
"Non-financial" blockchain projects may be more secure (e.g., Meta Force), but the availability of such projects is limited.
#CryptoProspects #BlockchainInnovation #RegulationDebate #CryptocurrencyUtility #BitcoinETF