Why It's An Exciting Time To Be In Crypto Right Now
I have often said that there are periodic revolutions that challenge the old systems and take over until we find something better. This goes on and on and it is what has fueled the human progress in every way in the past few millennia.
Reading about past revolutions, I always thought how it must have felt to the people in the midst of it all, how it began, how it shaped things in a newer way, what was the critical point of no return, and so on.
In that regards I consider myself (along with many more) very lucky that we are in the midst of a really big revolution, that can one day end up changing the very thing that makes the world go round - Money.
Although cryptocurrencies have existed for a while now, it is only now that we are beginning to see real impact and real change being brought about in the world thanks to this wonderful innovation.
Just two days ago, I had written about Facebook's crypto project called Libra and how that might drive mass adoption given that they have billions of users. And now, we have a plethora of more exciting news and it couldn't be at a better time. We might finally be in the beginning stages of the next bull run.
First, Bitcoin continues to make new yearly highs and at the time of writing this, we are at just above the $8000 mark and it's showing no signs of exhaustion. To makes thing even better, alts are beginning to see some increment as well and we might be in for a nice alt season ahead of us.
Flexa, a payment startup is finally breaking into mainstream retail with its app called SPEDN, which consumers will soon be able to use to pay for stuff using Bitcoin, Bitcoin Cash, Ethereum and Gemini Dollars at major retailers like Barnes and Noble, Baskin Robbins, Nordstrom, Whole Foods, Bed Bath & Beyond, Starbucks and many more.
For me, Whole Foods and Starbucks entering this space has to be the biggest news in recent times. Whole Foods is owned by Amazon and they might be testing the crypto waters with Whole Foods first. Imagine what will happen if and when they officially start accepting crypto on Amazon!
But wait, there's more! Samsung is reportedly going to include 'cryptocurrency and blockchain' features in their budget end phones. This was the logical next step after they first introduced it in the Galaxy S10 and this could be significant as much more people will now have their hands on a feature that they could potentially use and drive adoption.
Microsoft, one of the biggest tech-giants, plans on using the Bitcoin blockchain for its decentralised identity system for the purpose of improving internet users' privacy and security. A giant like Microsoft getting directly involved with Bitcoin is bound to have ripple effects in the whole ecosystem.
So, there you have it folks. A culmination of some of the biggest news that we got just in the past few days. It seems like the revolution is alive and well and within a short few years, we might be living in a world taken over by crypto. Who knows, right?
In the context of all this, I think that the next bull run will drive prices to such extreme heights that the previous all time highs will appear as tiny blips on charts, as has already happened in the past cycles. This next one, will be driven by mass user adoption and the entry of institutional players. Strap in people! It's going to be one heck of a ride.