Are you beginning to lose faith in crypto?
With digital coin prices down as much as 90% since last year, it’s difficult not to.
There’s no denying the fact that cryptocurrencies have seen better days, but that’s not to say the profitability is over and done with.
I’m here to bring some good news which may reinstate your hope for Bitcoin and other tokens still trying to pull their weight during this tough time.
Despite the 2018 collapse of the cryptocurrency market, the New York City Economic Development Corporation is still on track to opening a Blockchain Center in Manhattan.
But what does that mean for crypto?
In short, blockchain is a type of technology that makes digital coin transactions not only possible, but safe.
It goes beyond cryptocurrency transactions though…
Many big-name companies, such as Walmart, have already adopted this technology into their business model because of the added security, speed and organization it provides.
Blockchain is particularly important to crypto, considering the coins themselves can’t function without it.
That said, the fact that a physical location for blockchain is in the works, is GREAT news for crypto, especially in this day and age.
But this isn’t just some hole in the wall establishment we’re talking about here.
The new center already has IBM, one of the largest blockchain employers in the world, and Microsoft locked in as corporate partners.
In other words, the new center was built with the mindset of staying around for quite some time. In the same sense, you should expect crypto to continue on as well.
So far, the blockchain center will offer everything from coding classes to lectures for software developers, not to mention more jobs.
Just to give you an idea, New Yorkers saw more than 2,200 blockchain-related job postings, up 80% from the year before, and the new blockchain center is Manhattan plans to add even more to that.
As more support and attention flows crypto’s way, we’ll hopefully start to see a turnaround for its current downtrend and have prices rise well above where they’re sitting at now.
Don’t give up on crypto quite just yet.
In a sense, all the ins and outs of crypto are being dealt with along the way, which is why the market currently appears to be so volatile.
Eventually, these digital coins will reach a stable point.
But thinking ahead and attempting to strengthen crypto’s longevity by doing things like opening a blockchain center in the midst of such a tough time leads me to believe that there are promising days ahead for these new-age currencies.
