Crypto Will Change The World

in crypto •  28 days ago 

The world affects crypto.

See, the difference between other financial assets and cryptocurrency is that anybody on the planet Earth can buy cryptocurrency no matter how much money you have.

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Sure, there's people in China specifically buying millions of dollars worth of stocks in America, but I'm talking about the small person. So there's countries to where their currency, their native currency for the country, is extremely unstable. They're literally in fear and panic.

This is where crypto comes into play.

A lot of third world countries with hyperinflation will use cryptocurrency specifically to offset the losses from their actual native currency in the country.

So this is why cryptocurrency is so powerful, is that it's truly free. There's so much limitation in the legacy financial system. Cryptocurrency breaks those barriers completely and allows anyone, anywhere, at any time with any dollar amount to acquire crypto. And the fees are getting.

Before, back in the day, I spent $20,000 to $40,000 on transaction fees. Now, there's platforms where there is no transaction fees, and it's actually decentralized, which Coinbase Wallet offers something very similar.

So when this happens, people in third world countries that live off of $1 a day, or $3 a month, or whatever the case is, they're going to be able to access financial tools they never had before.

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  ·  28 days ago  ·  

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