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Crypto is definitely requiring fiat money

Crypto is definitely requiring fiat money

If you are tired of hearing about cryptocurrencies, I don’t have a piece of good news.

Not only do they are persistent, but it also seems that the financial institutions responsible for it are bringing more and more updates.
Eric Newcomer reported this week in his suitably titled post “A16z Crypto Fund Balloons to 2 Billion US Dollars.”

That adds a few points:
First, LP has enough demand to fund $2 billion in cryptocurrency.
Secondly, there are enough popular crypto ideas worth investing $2 billion.

I totally believe in the former, but the latter puts some pressure on my brain.

It’s not that big companies are not established in the blockchain space; Coinbase’s first-quarter profit shows that you can make money with cryptocurrencies.
But it seems that the company that has proven to be the most successful so far is a mixture of traditional banking and crypto.

However, since these ideas have been perfected, we should expect money to increase by pursuing the most experimental encryption concept. As I have mentioned, there is already a lot of money flowing into these markets.

That is where venture capital investment in cryptocurrencies and these huge a16z funds becomes interesting.

Of course, you can make money on cryptocurrency exchanges. The question is, how can the advanced uses of crypto be utilized? Can solid revenues be built around it?

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It’s nice to see other people betting on the idea of possible failure with other people’s money. It is like a coin-toss bet. Well, we’ll see about it.

Crypto is definitely requiring fiat money

Image Credit : TechCrunch

 

OVERVIEW:

It’s not that big companies are not established in the blockchain space; Coinbase’s first-quarter profit shows that you can make money with cryptocurrencies. But it seems that the company that has proven to be the most successful so far is a mixture of traditional banking and crypto. It’s nice to see other people betting on the idea of possible failure with other people’s money.

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