Entry #2 The future of Cryptocurrency
The future and potential of Bitcoin and other cryptocurrency alike is at an all time high, but there could be some issues that could rise sooner than later. I'll start with the pros, cryptocurrency has exploded in value the in about the last year and is expected grow exponentially as more people and other institutions get in on the action. From 2020 to 2021 the global market cap of cryptocurrency grew from 758 billion US dollars to 2 trillion US dollars an increase over 160%. Many top banks are also beginning to buy in as well including Morgan Stanley, Charles Schwab, Citigroup, and JPMorgan. Another benefit that cryptocurrency offers is the speed, security, limited supply, and it cuts out middleman. Bitcoin and other crypto can transfer faster to another account faster than any other bank or wire transfer service. Offers more security and protection as it relies on a virtual code that only the recipient of the coin has, no passwords or usernames that easily can be hacked and stol...