According to CoinDesk, despite the recent surge in digital asset prices, the potential economic impact of cryptocurrency remains largely untapped. This is due to the transformative nature and relatively small current utilization of blockchain technology, as opposed to the performance of any single asset built upon it. Bitcoin, for instance, has seen a ~50% increase YTD and ~135% over the trailing one-year period.
Investors who focus solely on Bitcoin's current price appreciation and its potential economic impact are overlooking the fundamental driver of crypto's value proposition to the broader global economy: blockchain technology. The use cases of blockchain for powering transactions and broader interactions with information far surpass that of any single asset. It has the potential to increase efficiency across a variety of industries
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According to CoinDesk, despite the recent surge in digital asset prices, the potential economic impact of cryptocurrency remains largely untapped. This is due to the transformative nature and relatively small current utilization of blockchain technology, as opposed to the performance of any single asset built upon it. Bitcoin, for instance, has seen a ~50% increase YTD and ~135% over the trailing one-year period.
Investors who focus solely on Bitcoin's current price appreciation and its potential economic impact are overlooking the fundamental driver of crypto's value proposition to the broader global economy: blockchain technology. The use cases of blockchain for powering transactions and broader interactions with information far surpass that of any single asset. It has the potential to increase efficiency across a variety of industries