bitcoin 2020 blockchains new year resolutions
Most of us believe in the “New Year New Me” rhetoric: I'm going to lose weight, quit smoking, eat healthy, stop being lazy, spend more time with family and whatnot.
Yet, losing weight usually only turns into losing motivation instead.But then, it doesn't really make sense to laugh at our absurdities, as we humans have plenty of them.
Not when it comes to New Year’s resolutions, at least. I mean, we can mostly agree that it’s just a hefty to-do list for the first week of January.
Now, what if it were the same for the disruptive and revolutionizing technology of blockchain? Does it hold the same stereotypes as us humans when it comes to New Year’s resolutions?Let’s find out.
The United States Federal Reserve promises a more stable economy for its New Year’s resolution (did I just hear bailout?) by printing $425 billion by the middle of January 2020.
Alongside an ever-increasing national debt, currently almost $24 trillion, this is another example of the Fed’s inept ability to manage the economy. Enter blockchain the backbone of Bitcoin and other digital assets which resolved to tackle double-spending; remove intermediaries and control from centralized powers; enable automatic, immutable and transparent transactions on peer-to-peer networks; and disrupt (while helping) financial institutions and the list goes on.
Yet, despite all of this, the journey of Bitcoin (and of course blockchain) has been quite exciting, from exploding onto the scene and mining billions of dollars worth of coins to an implosion that wiped out at least 80% of the market's value.
Presently, not just Bitcoin but blockchain technology as a whole is expected togenerate an increase in business value of more than $176 billion by the year 2025 and exceed $3.1 trillion by 2030. Blockchain’s unprecedented value will disrupt most of our industries in the coming years, if not all of them.
Does it sound like a fleeting dream like other New Year’s resolutions that are bound to fail? To get a better idea, let’s look at blockchain’s track record in this context.
Blockchain’s past resolutions checklistBitcoin's added value Blockchain banking leaders like Celsius which recently hit $4.25 billion in crypto loans are giving fair market value pricing with low loan interest rates and substantially higher interest rates for crypto banking.
Much higher than traditional banks’ 0.5%–1%.People keep saying that “Bitcoin is dead,” but this sounds like disenchanted haters with one too many failed New Year’s resolutions under their belt to me.
Despite the volatility of its price last year, it still trades better than leading companies like McDonald’s, with a market cap of $170 billion.
Also, the estimated number of global Bitcoin users is around25 million, of which 5% are Americans. And the best part? Every time Bitcoin’s value goes down, it shoots back up.
Now, as 2019 comes to an end, a single BTC is over $7,000.
Read the full topic at
https://cointelegraph.com/news/bitcoin-2020-blockchains-new-year-resolutions
Yet, losing weight usually only turns into losing motivation instead.But then, it doesn't really make sense to laugh at our absurdities, as we humans have plenty of them.
Not when it comes to New Year’s resolutions, at least. I mean, we can mostly agree that it’s just a hefty to-do list for the first week of January.
Now, what if it were the same for the disruptive and revolutionizing technology of blockchain? Does it hold the same stereotypes as us humans when it comes to New Year’s resolutions?Let’s find out.
The United States Federal Reserve promises a more stable economy for its New Year’s resolution (did I just hear bailout?) by printing $425 billion by the middle of January 2020.
Alongside an ever-increasing national debt, currently almost $24 trillion, this is another example of the Fed’s inept ability to manage the economy. Enter blockchain the backbone of Bitcoin and other digital assets which resolved to tackle double-spending; remove intermediaries and control from centralized powers; enable automatic, immutable and transparent transactions on peer-to-peer networks; and disrupt (while helping) financial institutions and the list goes on.
Yet, despite all of this, the journey of Bitcoin (and of course blockchain) has been quite exciting, from exploding onto the scene and mining billions of dollars worth of coins to an implosion that wiped out at least 80% of the market's value.
Presently, not just Bitcoin but blockchain technology as a whole is expected togenerate an increase in business value of more than $176 billion by the year 2025 and exceed $3.1 trillion by 2030. Blockchain’s unprecedented value will disrupt most of our industries in the coming years, if not all of them.
Does it sound like a fleeting dream like other New Year’s resolutions that are bound to fail? To get a better idea, let’s look at blockchain’s track record in this context.
Blockchain’s past resolutions checklistBitcoin's added value Blockchain banking leaders like Celsius which recently hit $4.25 billion in crypto loans are giving fair market value pricing with low loan interest rates and substantially higher interest rates for crypto banking.
Much higher than traditional banks’ 0.5%–1%.People keep saying that “Bitcoin is dead,” but this sounds like disenchanted haters with one too many failed New Year’s resolutions under their belt to me.
Despite the volatility of its price last year, it still trades better than leading companies like McDonald’s, with a market cap of $170 billion.
Also, the estimated number of global Bitcoin users is around25 million, of which 5% are Americans. And the best part? Every time Bitcoin’s value goes down, it shoots back up.
Now, as 2019 comes to an end, a single BTC is over $7,000.
Read the full topic at
https://cointelegraph.com/news/bitcoin-2020-blockchains-new-year-resolutions
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