The Crypto Market and Economics

Some may be confused as to how the crypto market functions in tandem with established economies. In some conversations, crypto is painted as a degenerate bubble economy with nothing to hold on to, and this can be argued. Despite the first crypto transaction being made on the dark web, crypto is now known for its multitude of economic uses around the globe. Instead of rolling out a red carpet paragraph of all the ways crypto contributes to the global economy, here is a list:

• Free trade across borders
• Crypto gives unbanked citizens with mobile phones transactional abilities
• Lower transaction costs and no middlemen fees
• Faster transaction speeds
• Blockchain technology can’t be manipulated meaning no charge fraud or corruption
• Boost personal economy
• Trillions of dollars invested in crypto ready to pump into economies
• Created millions of jobs within the crypto realm

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