Ask Leo : Can cryptocurrency offer a solution to the Global recession and how has it helped individuals be financially stable.
It is certain to people who deals with cryptocurrency now that crypto can make them financially stable while their has been debates on if the crypto system would crash , I personally think that it is almost impossible for it to crash because their are a lot of business, companies and industries now also dealing with cryptocurrency.
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Now to how can cryptocurrency provide a solution to global recession or prevent bankruptcy to companies, there are reports that shows that when bitcoin was introduced to the world their were a lot of companies or should I say countries to who were going into bankruptcy but when bitcoin was introduced they came back to their positions and have even thrived better.
Cryptocurrency has helped a lot of individuals attain financial stability as their are daily testimonies of how it has helped individuals in various financial aspects of their lives and I am sure that many yes testimonies are still to be made because I see cryptocurrency in a wider range in the future and also help a lot of companies and industries be in a good financial state. A very good example is the Hive ecosystem it can not be denied by Hivians that it hasn’t helped all financially.
Crypto will always help and move people from poverty to financial stability.
Thanks for viewing my post and do have a lovely day
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When talking about how cryptocurrencies have helped some people in their financial status you should also talk about some individuals and companies that have faced bankruptcy as a result of the dips.
Well, cryptocurrencies have lots of advantages and it is almost impossible for it to go into extinction.
Yea that aspect to has to be talked about, but I think that should be topic for another day with how you can minimize the risks.
Thanks for hopping on my post😊, have a nice weekend
You're most welcome Akinola, have a nice weekend too
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Cryptocurrencies are the guarantors of a better economic future for the world, that is the truth. That is why we can be sure that they will never disappear, no matter what situation we see in the markets, but on the contrary, they will continue to grow, prosper and increase in importance as time goes by.
As you rightly said, cryptocurrencies will always move people from poverty to financial stability. Good post, thanks for sharing.
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Yea I think many people and companies are already involved in the system around the world , so perhaps if it crashes it will be very devastating to the economy globally. Thanks for hopping on my post ☺️,Have a wonderful weekend