In developed countries, cryptocurrency is often seen as a risky asset class for speculation. But in other places, it is a salvation. Your perception depends on geography.
🔸 Dichotomy:
First world cryptocurrency is an investment direction. People trade to buy a second car or diversify portfolios.
In developing countries under hyperinflation, cryptocurrency is survival.
Citizens use USDT/BTC to protect their wealth from currency devaluation of 50% annually or for money transfers with fees that are 10 times cheaper.
🔸 Banking system for the unbanked:
More than 1.7 billion people do not have bank accounts because they are too poor or remote.
Cryptocurrency allows anyone with a smartphone and the Internet to join the global economy: to receive wages, pay bills, and use DeFi without complex identification requirements.
🔹 Speculation is not entirely bad. Speculation funds the NDR infrastructure, making transactions cheaper and faster, ultimately providing real utility. Speculation is the hook; utility is the future.
Are you looking at cryptocurrency from the perspective of a speculator seeking profit, or as an observer seeing the macro changes it brings to the impoverished?
News is for informational purposes only and not for investment advice. Please read carefully before making decisions.
