Nowadays, it is almost impossible not to hear about Cryptocurrencies and Blockchain. News is writing about it, people are talking, but only a portion of those people fully understand the technology and implications of it. A recent Cardify’s report shows that roughly a third of all people that invested in Crypto don’t understand Cryptocurrencies or have gained exposure to them mostly through word of mouth. It leaves a question of why would you invest in something you don’t fully understand?
Table of Contents
Listed below are 4 reasons why you should learn about Cryptocurrencies and Blockchain:
Industry disruption
Blockchain, the new technology behind cryptocurrencies, is disrupting some of the most established industries such as financial institutions, real estate, and healthcare to name a few. What started with Bitcoin and decentralized money, is now looking for a way to improve many industries.
Adoption and usability
The adoption of cryptocurrencies and blockchain usage is growing rapidly with more than 300 million users according to TripleA estimates. It’s just a matter of time when you will encounter a DApp that’s based on blockchain technology.
By the end of 2024, it’s expected that corporations will spend $20 billion per year on blockchain services.
Career development
If you are just starting your career or if you are not satisfied with the current one, you might consider diving deeper into crypto and blockchain. According to The Blockchain Academy’s 2021 employment report, global demand for blockchain developers is up by 300-500% yearly and has been the most emerging job in 2020. For those of you that are non-technical, there are still 40% of the jobs in demand waiting for you in the Cryptocurrency industry.
Economy and High returns
Whether you are an investor or not, you should be aware of the impact of Cryptocurrencies on the global economy since it’s a near 2 trillion dollars market, according to CoinMarketCap. No asset in history increased so much in price in such a short period of time as Bitcoin did. If you are an investor, you should fully understand an asset to be able to use it to your advantage.
Conclusion
Learning is hard. It requires a high amount of effort and willpower to digest new information. But without new knowledge, people stay locked in the same place. In a world where new technologies like Cryptocurrencies and Blockchain are emerging rapidly, it’s necessary to put some effort into keeping up. For this reason, I believe that some of the following posts will be of great help to you if you decide to join the Crypto journey.