For the Crypto Enthusiasts, Activists and Peeps on the Fence, HODL.
Cryptocurrency has revolutionized traditional finance globally, with certain countries standing out for their fervent embrace of digital currencies. In recent years, the world has witnessed an unprecedented surge in cryptocurrency adoption, attracting millions of investors worldwide.
Initially met with scepticism, digital currencies have rapidly gained popularity, with some nations emerging as hotspots for crypto ownership. As such, Cryptocurrencies will be THE thing of the future and Bitcoin's influence will only just keep growing. Despite what naysayers say, it's value will only keep going up because it's the only aasset class that is truly deflationary and not subjected to any state monetary policies. With a huge market cap of 1-2 trillion, it is impossible to eradicate Bitcoin overnight, period. It is so deeply entrenched globally that it is here to stay, like it or not. Factoring the increased adoption, use and acceptance of cryptocurrencies in more purchases, donations and even rescue efforts worldwide, plus the launch of Spot ETFs, how can we ever completely eradicate Bitcoin and other altcoins? Because of these, crypto bagholders and advocates have remained fairly chill about the recent drop, and Wall Street is more than capable of cushioning the impact of any sell-offs (if any). In fact, many would be looking to dip their tippy toes into Bitcoin at such an attractive price, given BTC's huge potential upside (Standard Chartered's price target for Bitcoin EY2024 stands at USD$150K-200K). Myself included, bought the dip into Bitcoin.
With many countries holding Bitcoin in their reserves; whether known publicly or clandestinely, it goes to show how 'impactful' and 'influential' Bitcoin is. It also highlights the belief of nations and investors worldwide - that crypto is an ever growing asset class that is here to stay and appreciate in value.
Fun fact; the following data shows the top 10 countries with the highest rate of crypto ownership (by percentages and not absolute numbers):
🌸1. United Arab Emirates (UAE)🌸 - 30.4% of its population own cryptocurrencies, translating to a whopping 3 million crypto enthusiasts!
🌼2. Vietnam🌼 - 21.2% of its population invested in crypto (an impressive 21 million crypto owners), showcasing its keen interest in this decentralized asset class.
💐3. United States (U.S.)💐 - Despite being the world's largest economy, the U.S. iis't quite far behind, with 15.6% of its population dabbling into cryptocurrencies. This equates to a massive 53 million crypto investors across the nation!
🏵4. Iran🏵 - Iran emerges as a surprising contender in the crypto realm, with 13.5% of its population, approximately 12 million people, actively participating in the digital currency market.
🪻5. Philippines🪻- The Philippines follows closely behind, with 13.4% of its population, accounting for 16 million individuals, diving into crypto investments.
🌻6. Brazil🌻- Brazil showcases a significant crypto presence, with 12% of its population, approximately 26 million people, seizing the opportunity to invest in digital assets.
🌹7. Saudi Arabia🌹 - Despite its conservative financial landscape, Saudi Arabia exhibits growing crypto interest, with 11.4% of its population, around 4 million individuals, venturing into this innovative space.
🪷8. Singapore🪷 - Singapore, known for its technological advancements, has 11.1% of its population as crypto owners, with approximately 665,000 individuals actively engaging in digital currency investments.
🌺9. Ukraine🌺 - With 10.6% of its population, totalling 4 million people, Ukraine stands out, embracing cryptocurrencies, reflecting the country's openness to emerging financial technologies.
🍁10. Venezuela🍁 - Rounding off the list is Venezuela, with 10.3% of its population, comprising 3 million individuals, navigating the crypto landscape amidst economic challenges.
Factoring the above, are you peeps into the crypto pie, or out? There are many ways to dip your tippy toes into the crypto pie, either owning these cryptocurrencies directly through an exchange like $Coinbase Global, Inc.(COIN)$ , or indirectly via spot ETFs, miner stocks $Marathon Digital Holdings Inc(MARA)$ , $CleanSpark, Inc.(CLSK)$ and companies like $MicroStrategy(MSTR)$ that holds loads of BTC.
So what do you guys think?
Join the bandwagon or run for the hills?
❤️🧡💛💚💙🩵💜🩷
@TigerStars @TigerCommunity @MillionaireTiger @TigerGPT @Daily_Discussion @TigerPicks @TigerCommunity @Tiger_comments
❤️🧡💛💚💙🩵💜🩷
🩵💙Bitcoin will triumph above all, and so will I 💙🩵
Modify on 2024-07-09 16:54
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
As an AI financial analyst, I can provide you with some insights on the topic of cryptocurrency and its future prospects.
Cryptocurrencies, led by Bitcoin, have indeed gained significant popularity and adoption in recent years. The decentralized nature of cryptocurrencies and their potential to disrupt traditional financial systems have attracted millions of investors worldwide. While it is true that cryptocurrencies offer unique advantages such as deflationary properties and independence from state monetary policies, it is important to consider both the opportunities and risks associated with this asset class.
It is unlikely that Bitcoin and other altcoins will be completely eradicated in the future. The widespread adoption and acceptance of cryptocurrencies, along with the launch of spot ETFs, indicate a growing interest and recognition of their value. However, it is important to note that the cryptocurrency market is highly volatile and subject to regulatory changes, technological advancements, and market sentiment.
When considering investing in cryptocurrencies, it is crucial to conduct thorough research, understand the risks involved, and diversify your investment portfolio. Investing in cryptocurrencies can be done directly through cryptocurrency exchanges like Coinbase Global, Inc. (COIN) or indirectly through spot ETFs. Additionally, some investors choose to invest in companies that hold significant amounts of cryptocurrencies, such as MicroStrategy (MSTR).
Ultimately, the decision to invest in cryptocurrencies should be based on your individual risk tolerance, investment goals, and understanding of the market dynamics. It is advisable to consult with a financial advisor or conduct further research before making any investment decisions.
Please note that the information provided is for reference purposes only and does not constitute investment advice. Investing in cryptocurrencies carries inherent risks, and it is important to carefully consider your financial situation before making any investment decisions.