As everything related to cryptocurrency causes controversy, it is not uncommon to expect reviews, both favorable and not so much, that help to increase or, failing that, decrease the value of crypto assets , Visit Website.
Cryptocurrencies are DIGITAL ASSETS that attract the attention of many investors from large corporations and private users. However, before investing, they usually find out about the environment where they will start depositing their capital or savings.
The valuation of digital currencies has always been subject to the opinions of the economic environment; if a year witnessed this, it was 2021, when more than one comment arose that made the price of Bitcoin and the other cryptocurrencies soar trends upward and bassists.
The growth of cryptocurrencies has been constant that around 8,500 digital currencies have already been created, with different valuations and characteristics.
From the moment Bitcoin originated, cryptocurrencies have raised their high volatility and the risk of making financial investments of a cryptographic nature.
Any other valuable asset does not back this type of asset; the only support they have is the loyalty and trust of its users.
When someone from the economic, financial, or social environment expresses himself publicly about CRYPTOCURRENCIES, it directly affects them.
2021 is the year of all-time highs for opinions
It is no secret that the evolution of cryptocurrencies over the past year was completely unexpected. Still, all opinions had their effect, some positive and others negative.
Starting from the fact that cryptocurrencies would be listed on the stock market (NASDAQ), making them a much safer and more reliable asset in the form of ETFs, this news undoubtedly caused the value of digital currencies to increase.
Later another of the comments that achieved the most significant impact was from Elon Musk, a billionaire businessman and CEO of the great electric vehicle company Tesla. He reported that they would accept Bitcoin as payment for their vehicles.
He reported that he astronomically boosted the price of Bitcoin, but, as all the comments of this influential businessman have an effect, he later had to retract since Bitcoin mining goes against Tesla’s environmental policies.
Without a doubt, another piece of news that managed to increase the value of cryptocurrencies was China’s refusal regarding mining operations in the territory of the Asian country, which generated significant controversy. As a result, the miners emigrated to profitable areas to continue mining activities.
All these news were some of the ones that positively marked the valuation of cryptocurrencies, making their historical values even more surprising.
Criticism continues for 2022, and more crypto following
Until now, 2022 has only demonstrated the resilience of cryptocurrencies in a relatively complex financial, economic and fiscal scenario; digital currencies have remained at reasonably low values but with upward expectations.
The criticism issued by the North American Government on the use and management of cryptocurrencies has had a notable impact on their valuation; even the fact of wanting to create a digital dollar means that these virtual currencies are not considered so wrong in such a changing economic environment.
Another of the most critical points that could be said was the statements of the Russian president where he suggested that virtual currencies could not be mined, much less carry out operations in Russian territory.
These statements were notably affected, and what was a criticism faded since the war between Ukraine and Russia was generated, and cryptocurrencies came to the rescue.
Yes, as you read it, to the rescue, the Western countries organized themselves in rejection of the behavior against peace and generated economic blockades against the Russian government.
At this time, cryptocurrencies have served both nations as a financial source to meet the needs that are arising in both countries and maintain commercial operations.
Conclusion
Criticisms have always existed, and the fact that cryptocurrencies are decentralized digital assets that are not supported or controlled by any entity will produce some discomfort in institutions worldwide.
The only way for this situation to decrease is because more financial and institutional organizations begin to diversify their operations and services.
Cryptocurrencies can make a remarkable contribution to global economic change; it’s just that there are so many interests in the middle that do not allow the general adoption of the same since there are many who benefit from traditional financial operations.