Neither hacker attacks, nor sharp swings of forex rates, nor administrative barriers from central banks can stop the growth in popularity of cryptocurrencies. As they say, if you can not stop it, lead it! In other words, when prohibitions are meaningless, you have to accept new circumstances and learn how to conduct business under new conditions. In the long run, the winner will be the one who can adapt faster than the rest.
As we all know, we live in an amazing time! History shows that in each era the mankind has its own treasure trove. We live in an interesting period too and witness the dawn of cryptocurrencies. Perhaps, the future generations will remember the beginning of the XXI century solely by this event.
After governments’ prohibitions turned out to be ineffective, visionary central banks decided to check out the cryptocurrency. The central banks of Denmark, Vietnam and China were the first ones to adopt the new instrument. These central banks believe that use of a virtual currency significantly saves budget funds designated for printing paper money and minting coins. In addition, such electronic payments almost completely and at no extra costs eliminate the black market.
In general, the cryptocurrencies confidently extend gains, and according to experts, nothing can stop this process so far. According to Aleksandr Ivanov, the founder of the Waves Platform, the entire financial world has already realized that the cryptocurrency is a new type of financial instruments. It is relatively stable, very promising and can be used as lucrative investment.
