Is Cryptocurrency dead? Many leading experts believe so after a series of spectacular collapses of some of the top brands of the digital-only currency. As business gurú Jason Hope recalls, even Bitcoin took a recent beating creating hard times for tens of thousands of speculators.
It was bad enough for many to finally back away from this unpredictable and volatile financial instrument. But not Jason Hope. A noted futurist and successful entrepreneur in several fields of internet-related technology, he still believes that cryptocurrency will play a major role in the future of money. In fact, it may be inevitable, he said. Hope admits there are key issues to be resolved before crypto can take its place as a stable form of investment and method of transferring wealth.
Among the top is security. To gain the trust of customers, they must feel secure in trading their wealth on an online platform. In fact, Hope said that cryptocurrency already has advantages in the security realm. That’s because fundamental to crypto is blockchain technology. As Jason Hope explains, one of the primary features of blockchain is its high degree of transparency.
Another issue is trading fees. Activist investor and philanthropist Jason Hope points out that fee rates for cryptocurrency transactions are less than 1% and free in some cases. Compare that to credit card companies that add fees of 3% to 5%. Jason Hope said the bottom line is that a new generation of traders love the idea that cryptocurrency is free of most of the “Old World Money Rules” that are dictated to everyone by large banks and government institutions.
“People just want that kind of freedom,” he said.
Furthermore, crypto simply promises more kinds of investment opportunities, he added. In a way, crypto is a great democratizing force in the world of investment. Jason Hope finally informs how ordinary people who were once frozen out of traditional investment vehicles find they have a role to play in the world of blockchain and crypto.