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    Home » The development of the cryptocurrency industry: trends and comparison with classic bubbles

    The development of the cryptocurrency industry: trends and comparison with classic bubbles

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    By BlockchainJournal on February 26, 2019 News
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    Worldwide data convincingly show that investors are very interested in the cryptocurrency industry.

    Blockchain and cryptocurrency are two concepts that have already gone beyond the interests of a small circle of geeks interested in all sorts of technological innovations.

    In the cryptocurrency sphere huge financial resources are spinning – just look at the statistical data on the capitalization of fintech companies. It is ruled by players who may be bought by new owners for hundreds of millions of dollars.

    What are the main trends can be identified?

    • Fintech companies that focus on improving the efficiency of payments receive the lion’s share of third-party investments.
    • A business that puts blockchain and cryptocurrency at the forefront is one of the most dynamic sectors of the FinTech industry, a kind of new promising types of entrepreneurship. Startups are growing, and that is very important even against the backdrop of a collapse in prices of cryptocurrency from their highs, but when talking with investors, it is often a question of amounts from one billion dollars or more.
    • Regardless of their overall industry specificity, the common denominator of those companies that are innovative is that they use the blockchain and cryptocurrency to solve complex administrative tasks, as well as improve the process of communication with customers.
    • It is noteworthy that blockchain and cryptocurrency are becoming an integrating force, which allows to increase the efficiency of using other new technologies, from artificial intelligence to 3D printing and additional reality.

    The ranking, which was presented by Forbes, focused only on private organizations, and yet a huge array of business in the field of cryptocurrency and blockchain develops in state-owned companies, which is shown by the example of China.

    The development of new financial technologies has led to the fact that the structure of the labor market is changing: technical specialists are increasingly in demand.

    The leaders in terms of salary growth prospects over the next 10 years are software developers. Only those who work as nannies in the US are expected to grow more, but the effect of a low statistical base is more pronounced.

    The idea that the total capitalization of cryptocurrency is no more than $ 200 billion, and the total estimate of all bitcoins is less than the state of the American billionaire Bill Gates ($ 90 billion) seems to be illusory, but the influence of cryptocurrency is not only direct financial, but ideological, changing how business does the affairs.

    Consider the financial bubble of the cryptocurrency market in comparison with the largest economic bubbles of the traditional financial system.

    And since business is managed by people, not robots, blockchains and cryptocurrencies change the lifestyle of all humanity, here and now.

    Publication date 26.02.2019
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