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Would regulation in cryptocurrencies clean up its bad reputation?

By Admin Patronus
Date 20 6 22
CATEGORY cryptocurrencies

Why do cryptos have a bad name in the traditional world? Simply for advertising.

What reaches us, what we hear and see, is what we are going to think. As long as it is an area that we do not know.

BAD FAME DESERVED, OR IS IT WHAT WE HAVE BEEN IMPLEMENTED?

Cryptocurrencies and blockchain technology is something completely new.  Something new? Yes bitcoin was created in 2008! You will be thinking. Yes, it's true, but the Internet was created in 1969 and in my house until 2004 we didn't know what it was.

Imagine blockchain technology. Yes, Bitcoin was created in 2008, but ethereum, the blockchain network on which almost all crypto projects are built, was created in 2015!

The first NFT was also born on this date and only 7 years have passed since its creation. The 99% of people who know what cryptocurrencies are, they only know that it is Bitcoin. Nothing more. If this 99%, and the entire percentage who don't know ANYTHING about crypto, gets bombarded with the Bitcoin crash, crypto scams, or people who have lost all their money, then it's normal to get that bad reputation.

But whatHow many people have lost all their money creating a company? How many people have gone bankrupt investing in the stock market? And making any kind of investment? However, none of these forms are as criticized as the crypto sector.

Why? What is the difference with the crypto sector? Decentralization. Something so new and decentralized, where everyone has power and control of their money and so little regularized, is not convenient for the State, at the moment according to their way of seeing.

But the blockchain sector is not supported by its large profits, nor by the illusion of many young people to get rich, here a technology is supported. A technology that can change the paradigm of any sector, as we are doing at Patronus within the sponsorship and sports sector.

CAN REGULATION IN CRYPTOCURRENCIES CLEAN UP ITS BAD FAME?

According to The Portugal News, 10% of the world's population that has access to the Internet owns cryptocurrencies. However, would the regulation of cryptocurrencies change this percentage? And if so, for better or worse?

Well, there are pros and cons to both regular and non-regular. The regulation of cryptocurrencies can change people's perspectives and opinions on the subject. Whoever was originally against regulation may not invest so much in cryptocurrencies, because the essential basis of cryptocurrencies is that it is unregulated and its decentralization. However, the regulation could also incentivize more people to invest in cryptocurrencies, because they have a greater sense of security.

We will never really know the answer to these questions or assumptions, unless cryptocurrency policies change. In the meantime, let us know what you think in the comments!

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