Disclaimer: Does this look like financial advice? You are right. It isn’t. Treat it so.
“Do Your Own Research” (DYOR) is not a fad but an important element of the cryptoverse. Do keep that in mind.
Top 10 Economies of the World
The crypto market capitalization has topped 2 trillion dollars and the uptrend will continue in the foreseeable future. True, there will be periodic drops as in any market, but it eventually will keep getting bigger. One of the drivers of the crypto economy, in the initial days at least, is the participation of the major economies. It is a simple 80/20 principle - twenty percent of countries’ participation will lead to the adoption of crypto across eighty percent of the world population.
Talking of the twenty percent let’s first look at the top 10 economies of the world.
These are also the countries that led crypto adoption initially but now are at different stages of acceptance, ban, or regulation. Let’s take a look at the same.
The Top 10 Economies | And Their Tryst with The Cryptoverse
These ten economies are the ones that had initial participation in the crypto verse and then regulation came in or a total ban followed. Let’s look at the snapshot of how they fare in the cryptoverse.
While there is no direct correlation between the GDP per capita and the crypto decisions, it is just an indicator of how much money could come into the crypto economy. That said, the more important points are the decisions of individual countries to regulate or ban crypto and yet be part of a grouping (between countries) to support or operate in a crypto-based economy. While this may sound baffling, the grouping comes through to meet a common agenda. Either way, irrespective of the agenda, cryptoverse stands to benefit.
Is Crypto Here to Stay?
The answer to this question is not a straightforward one despite the trend confirming the same. There are many more indicators like Central Bank Digital Currency (CBDC) that many countries are launching. Before 2020 it was not even a thing and yet it surely has its genesis in the virtual or digital currencies of the crypto-verse. The idea of the blockchain cannot be ignored and some of the cryptocurrencies, if not many, need to be looked at closely by many countries.
Is crypto here to stay? Maybe. 😊
Image Courtesy: Ijmaki at Pixabay
