Can Cryptocurrency Save A Financial Crisis?

Image credit: GreenHashes

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.

Human nature is always striving for more, and the capitalist essence of our economy is designed in such a way that to facilitate this constant growth, we continue to accumulate debt. This happens more during a "growth market" in which companies often overestimate their ability to repay their loans. A market crash and, as a result, a financial crisis takes place when the accumulation of this debt is no longer sustainable, and everything collapses like a house of cards. A fast streak of sales can lead to lower asset prices 

or more savings withdrawals. If people do not react, the crisis can lead to an economic recession or depression. 

The vast majority of experts base their negative outlooks for 2022 on the tightening of monetary policy and the subsequent increase in the key rate in the United States. With the onset of the pandemic, the Federal Reserve launched the so-called quantitative easing program (QE) - it began to inject money into the American economy to stimulate growth. Getting more liquidity, banks get the opportunity to issue more loans, which ultimately "launches" the economic life in the country.

However, now that the US economy has recovered from the lockdown, the Fed has decided to gradually phase out the program and raise the key rate to combat inflation, a “side effect” of quantitative easing. Gold has long been considered a “safer asset” in times of economic shocks. Bitcoin has long been referred to as "digital gold" for many reasons. Although Bitcoin intends to become a "digital currency", it is also exceptionally effective as a store of value. It has several characteristics similar to gold, such as scarcity (max - 21 million BTC) and durability (gold does not rust or corrode, and Bitcoin cannot be destroyed or changed even if the Internet disappears. Both of them can stand the test of time without damage to their composition) 

In addition, Bitcoin has properties that gold does not have: storage (Bitcoin is digital, gold is physical. It is extremely easy to store Bitcoin while storing gold is not easy), security, divisibility (although gold can be divided, it cannot be divided easily and with high accuracy). 

On the other hand, bitcoin can be easily divided up to 8 decimal places), limited (BTC is limited, but gold can still be mined). Moreover, unlike gold, you can pay with Bitcoin in a lot of places. Taking into consideration all the above-mentioned points, one could argue that Bitcoin will just as well or even better than gold when we get into troubled times. It is unlikely that cryptocurrencies will stop the impending financial crisis, but they will help to save and even increase your savings. Already today, most institutional investors are investing their assets in the most promising niche of cryptocurrencies - mining. 

There is an opinion that cryptocurrency mining is only for the rich - this is partly true because it will take a lot of time, money, and effort to equip a profitable mining center. What should everyone else do in such a case? You can buy a cryptocurrency and keep it in your account, or you can invest in cloud mining.

Cloud mining is a type of mining when an investor rents capacities from a large mining farm online. It is enough to conclude a contract with a company and start earning the first cryptocurrency. This method of mining is available to everyone, all you need is access to the Internet. 

GreenHashes presents the new generation of cloud mining services. The income from cloud mining is accrued daily using an automatic payout system. The presence of regular payments, a variety of mining packages, and an easy-to-use interface provide users with a stable and passive income - one of the best options for savings during a crisis. 

The platform is suitable for both beginners and professional investors. Every user gets the opportunity to control their profits around the clock, and the company at that time takes care of all the concerns to ensure safety and smooth operation. Check the referral campaign to increase overall income and share this great opportunity with friends. 

To start, it is enough to create an account on the website and choose one of the contracts. 

The platform also provides an opportunity to purchase packages at a discount in connection with the purchase of new equipment. With the gradual introduction of new equipment into the system, activation will occur automatically within 2 weeks. 

Due to the large amount of equipment, the company decided to gradually introduce the system, in this regard, you can purchase the desired package at a discount today!

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.