Cryptocurrency and blockchain technology is all the rage at the moment, but why is it that everyone is going so crazy about it? We have alt coins going to the moon and making people money, experts likelaunching NFTs and Elon Musk chatting about crypto at every chance that he gets. This is not new technology, blockchain tech has been around for a number of years, with this being said however, each day that goes by we are learning more uses that we can apply the blockchain to, and this is why we are seeing more incredible projects and ideas which incorporate this technology.
This is why the world is getting so excited.
Cost of Coins
Of all the technologies that we are seeing, it is the price of these coins that is really getting people talking. When you watch the likes of Bitcoin rocket from the $3,000 mark to hit an all time high of $60,000 in the space of a couple of months, you are going to get people talking. Behind the large majority of these coins, especially the alt coins, you will see that there are some truly excited projects which use blockchain technology. As you can imagine, the sharp rise has attracted a lot of low level investors and it is much of the reason why so many people are talking about this new idea.
Bold Claims of The Technology
When people make claims such as crypto and the blockchain being the future of money and the democratization of money, we have to bear in mind that these are pretty bold claims. When people are talking in this way they really are encouraging a great amount of suspicion and curiosity. There is no doubt that upon learning this, more and more people want to know about the technology and this is creating a new generation of people who are genuinely fascinated by what it can do and how it can be used.
Fear From Traditional Institutions
There is a general fear which runs through many traditional institutions, about the way that we are handling this new tech and new information. This fear comes as a result of the fact that they have ruled the roost for so long and they are now worried about things changing. We are seeing this throughout the government and throughout the banking system and there is don doubt about the fact that this new technology has sent shockwaves through the world.
Ultimately the more that is developed, the more that people will talk about what this kind of technology has in store for us all. There is no doubt about the fact that as more money is invested into the crypto market that the prices will continue to rise, more people will talk and the cycle will continue. This is what the world is in store for and it is why so many people continue to talk about the emerging technology behind crypto and the blockchain.