History

Venezuela is amidst one of the toughest economic recessions in the country’s history. To reinforce their standing, its citizens turn to Bitcoin. The flagship cryptocurrency tends to be more stable than the Bolivar, or the Petro, an oil-backed crypto issued by the Venezuelan government.

Blockchain technology is considered to be secure and immutable due to its decentralized nature. But as it becomes more popular with new solutions popping up almost daily, hackers become inventive enough to find vulnerabilities and attack it.

Many governments as well as citizens remain cautious about cryptocurrencies as they lack awareness and understanding of their nature. However, history proves that digital currencies are just another form of money like shells or silver coins with the only difference that it cannot be touched for the first time ever.

The last month has been written in the history books as a trading session that has offered some amazing returns in the blockchain and digital asset market. Following the protracted bearish trading period, the world’s top cryptocurrency managed to hit and exceed the $9.5k price level, a thing it last did in May and June of 2019 when it traded above $13k.

Bitcoin has a long term reputation as the top cryptocurrency. While being the most popular, expensive and volatile coins, Bitcoin remains alive and kicking despite the dramatic price rise and falls.

Following the recent Binance DEX listing, Paycent performs a huge 45 days $ 1,000,000 giveaway, PYN traders and holders have a chance to win $ 350,000 Bentley Bentayga, 1 KG gold bar, 5 Rolex Cosmograph Daytona, and 500 more tangible prizes.

PodMiners, an Indian tech startup is developing a global blockchain platform for digital radio and podcasting. As per the information, this blockchain platform is focused on promoting the freedom of speech for independent media, publishers, and audio content creators worldwide. This is the first time in history that someone is working on a solution to allow audio content creators to interact with a global audience in digital radio and podcasting space. It can be called “Youtube” for podcasting and radio industry.

Sometimes, we use history to forecast what will happen in the future. Back in 2015, one YouTuber predicted correctly that bitcoin will see a bull market in 2017, a prophecy that came to pass.

Looking through the lens of history, investors need to invest in blockchain technology. Some should also consider switching from investment in stocks (futures) to blockchain (cryptoassets) as their chief investment, TryBe reports.