Again, cryptocurrencies like bitcoin have already proved they are worthy of investment and speculation like any other asset class. So, it’s unlikely to go away anytime. Ventured capitalists already pledged $ 30 billion in several crypto and web3 start-ups in 2021, and big tech corporations like Tesla have already accounted for bitcoin in their balance sheets. Crypto being the community-owned network, evenly distribute the accountability and incentive and eliminate imbalances of maximum benefit accrual to top brass stakeholders, as is the scenario in the present financial model. “Not just that, it is intrinsically built on a system that offers a level playing field for the developers, creators, and investors to monetize from the assets without the risk of censorship and high commissions charged by a centralized entity,” remarks Zia ul Haque. And such creative enterprising across crypto-allied technologies such as NFTs, DAO, and DeFi position cryptocurrency as the only relevant and viable monetary system that will stay and influence the way forward.
Zia ul Haque is a crypto investor and DeFi enthusiast. He is engaged in curating DeFi platforms. Crypto industry is signaling a value-driven future free of any choking hold of authority and an imbalanced power matrix.