Being invested in cryptocurrency, I am really amazed that our country is among the top 10 that holds it. This article was published by BitPinas on February 11, 2023. See link for the full article.

Here are the key points according to BitPinas:
(1) According to Coin Journal, there are 6,986,919 Filipinos who own cryptocurrency. This ranks the Philippines 8th for having the most cryptocurrency owners.

(2) Philippines as the 16th most successful cryptocurrency country in the world.

(3) A recent study from Coin Kickoff found that the Philippines is the most interested in the metaverse. The study also found that there are fewer companies and startups focusing on the blockchain and cryptocurrency industry compared to other countries.

TAKEAWAY

I believe the key point presented in the article is true. Filipinos have a love for high-risk investments, especially among the younger generation. For example, data from the Philippine Stock Exchange (PSEI) shows that only 1.62 million Filipinos have accounts in 2021, compared to 6.9 million who own cryptocurrency.

Personally, I first heard about Bitcoin in 2017, but didn't pay much attention to it until 2021 when I conducted research on its use cases and potential importance in the future.

This article resonates with me as the company I work for has entered the metaverse. Our company aims to be the first tech conglomerate in the country and being involved in this new technology will give us a significant advantage.

In conclusion, I believe that blockchain and cryptocurrency is here to stay and has the potential to greatly benefit humanity if utilized properly. While there may be negative uses of the technology, I believe that with proper regulation, it can be managed for positive purposes.