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Opposition could lead the public to cryptocurrencies

opposition

When you look back and evaluate last year, one word besides pandemic is emerging – opposition. Many things were very much opposed by the public.

Let’s take a look at the contradictions we encountered last year.

Opposition due to global chaos

Let’s start from the beginning of last year. The pandemic began to gradually hit the whole world in the first 3 months of the year. Conflicting information emerged, and many people began to question the information brought to us by the media.

Many people already wanted a vaccine, but once the vaccine was created, their opinion changed and decided that it had been developed too quickly.

Opposition due to economic drop

A very similar environment has been created in the economic circles. Overall, the economic situation due to the lockdowns looked very bad. People began to believe more in cryptocurrencies as a hedge against inflation. On the other hand, economists have argued that there is no danger of a resurgence of inflation.

The rest of the year consisted of repeated government regulations over coronavirus, and people began to run out of patience. Not only do the restrictions seem to be endless, but entrepreneurs have no idea how to handle the situation.

In March, there was a huge drop on the stock market, which hit also fiat currencies and cryptocurrencies. However, cryptocurrencies were the first to recover. People began to lose confidence in the central financial system and began investing small amounts in cryptocurrencies, which were more affordable.

Cryptocurrencies as alternative are on the rise

It did not take long before even large institutional investors started to catch up and invest big amounts in cryptocurrencies. That increased the price of most of them, thus attracting more retail and institutional investors and the cycle goes on to today, when cryptocurrencies are reaching all time highs.

It is not too late to start investing

If you are not yet sure how to start with such an investment, you can start with us.

Platon Academy will provide you with the necessary information about investing and digital currencies in general, and then you can set up your secured and insured crypto wallet and start investing with PlatonCoin (PLTC). Platon Life strives for an ecosystem where you do not have to worry about your money.

Conclusion

Opposition is necessary for evolution. It is also true for the financial system, which was very rigid and not up to the standards of our times. The pandemic showed that very clearly. Now it is still time to learn how to use the next generation of digital money and how to invest.

Source: coindesk.com

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