There is no doubt that cryptocurrency — specifically sell Bitcoin (BTC) to paypal eur, which is frequently used as a barometer for the health of the entire sector — has made a comeback. As of the writing of this article, Bitcoin stands at a little over $9,000, very close to the $10,000 rebound that investors hoped for sometime this year — and we are barely in the third quarter.
In this article, we will discuss the question of whether crypto winter is over, whether those who have already invested have a reason to be hopeful, and whether those who haven’t should jump on the bandwagon soon before prices skyrocket. We will also place a focus on blockchain technology as it exists both inside and outside the cryptocurrency industry, and why widespread adoption of this new technology is an indicator of cryptocurrency’s future success. Is crypto winter over?
Blockchain — The real winner behind cryptocurrency exchange
Although much is left to be seen about the future of cryptocurrency, no one can deny that the idea of creating a digital-only currency is as old as science fiction. From transportation to food to medicine to video games, a wide variety of industries continue to look to blockchain technology for logistical and transactional solutions. In seven years, it is estimated that $300 billion worth of food products will be tracked using blockchain technology, saving over $100 billion annually.
Although this is still a relatively new technology, there is little doubt that blockchain and the cryptographic technology it uses will rapidly dominate the landscape in coming years. Countless top-tier engineers, product developers and designers are building real solutions on top of blockchain, working to perfect this technology for widespread use across various industries.
It is possible that we may have to wait until blockchain technology is fully understood, utilized and appreciated by the masses in order to provide cryptocurrency a much-needed publicity boost.
After all, although currencies and monetary investments like cryptocurrencies can go through wild ups and downs, there is nothing more stable than an already proven and reliable technological solution like blockchain.