Can Cryptocurrency Save A Financial Crisis?

Image credit: GreenHashes

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

Human nature is always fighting for more, and the capitalist essence of our economy is designed in such a way that to facilitate this steady growth, we continue to accumulate debt. This is especially true during a “growing market” in which companies often overestimate their ability to repay their loans. There is a downturn in the market and, as a result, a financial crisis when the accumulation of this debt is no longer sustainable, and everything falls apart like a house of cards. A quick streak of sales can lead to lower asset prices

or more savings withdrawals. If people do not react, the crisis can lead to an economic recession or depression.

The vast majority of experts base their negative outlook for 2022 on the tightening of monetary policy and the subsequent increase in the reference rate in the United States. With the onset of the pandemic, the Federal Reserve launched the so-called quantitative easing (QE) program: it began injecting money into the U.S. economy to stimulate growth. By getting more liquidity, banks have the opportunity to issue more loans, which ultimately “launches” the country’s economic life.

However, now that the U.S. economy has recovered from the blockade, the Fed has decided to phase out the program and raise the key rate to fight inflation, a “side effect” of quantitative easing. Gold has long been considered a “safer asset” in times of economic turmoil. Bitcoin has long been known as “digital gold” for many reasons. While Bitcoin aims to become a “digital currency,” it is also exceptionally effective as a store of value. It has several characteristics similar to gold, such as scarcity (maximum – 21 million BTC) and durability (gold does not rust or corrode, and Bitcoin cannot be destroyed or changed even if the Internet disappears. Both can stand the test of time). without damaging its composition)

In addition, Bitcoin has properties that gold does not have: storage (Bitcoin is digital, gold is physical. It is extremely easy to store Bitcoin while storing gold is not easy), security, divisibility (although gold can be divided, not can divide). split easily and with great precision).

On the other hand, bitcoin can be easily split to 8 decimal places), limited (BTC is limited, but gold can still be extracted). Also, unlike gold, you can pay with Bitcoin in many places. Given all the points mentioned above, it can be argued that Bitcoin will be equal to or better than gold when we enter difficult times. Cryptocurrencies are unlikely to stop the impending financial crisis, but they will help you save and even increase your savings. Already today, most institutional investors are investing their assets in the most promising niche of cryptocurrencies: mining.

There is an opinion that cryptocurrency mining is only for the rich – this is partly true because it will take a lot of time, money and effort to equip a profitable mining center. What should everyone else do in such a case? You can buy a cryptocurrency and keep it in your account, or you can invest in cloud mining.

Cloud mining is a type of mining when an investor rents out the capabilities of a large online mining operation. It is enough to enter into a contract with a company and start earning the first cryptocurrency. This mining method is available to everyone, all you need is internet access.

GreenHashes introduces the next generation of cloud mining services. Cloud mining revenue accrues daily through an automatic payment system. The presence of regular payments, a variety of mining packages and an easy-to-use interface provide users with stable and passive income, one of the best options for saving during a crisis.

The platform is suitable for both beginners and professional investors. Each user has the opportunity to monitor their profits throughout the day, and the company at that time takes care of all the concerns to ensure safety and smooth operation. Check out the referral campaign to increase overall revenue and share this great opportunity with friends.

To get started, simply create an account on the website and choose one of the contracts.

The platform also offers the opportunity to purchase packages at a discount in relation to the purchase of new equipment. With the gradual introduction of new equipment into the system, activation will occur automatically within 2 weeks.

Due to the large amount of equipment, the company decided to gradually introduce the system, in this sense, today you can buy the desired package at a discount.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

Source link

Leave a Comment

Your email address will not be published.