2017 "Bubble Burst" - Criticized
Crypto industry has been criticized by some personality in financial market as a” bubble” – a term used as short-term investment schemes. Warren Buffet, one of the most successful investors, stated that the market of crypto asset such as Bitcoin – the first coin released - was used by criminals to penetrate the economy by holstering money. However, he proved to be pessimist on the full impact and helpful economic boom Bitcoin and crypto currency may provide in the near future. Blockchain technology used to be the most effective way on securing the transactions without the risk of potential technological breach or hackings.
In late 2017, Bitcoins` market launched its greatest might when it suddenly boosts its price up to nearest $20,000. Some investors termed the increased as “parabolic move”, up until 2018 when its price suddenly dipped around $3,000 – a drop which signifies the end. However, market is very strong that it enabled to support its price up. Many said, the market experienced market correction due to its previous price brink. People were over-confident on its price near $20,000 which happened to end when its price tremendously drop to its lowest value. That concludes the beginning of the new era of Bitcoins` popular market into continuity and market stability, as many investors tried to note.
PH initiative in favor to Crypto Industry
Since, January 2019 launching of new developments have been fully secured. Thus, exchanges in the Philippines market had been approved to be regulated and under the governments` policies. Bangko Sentral ng Pilipinas, announced somenexchanges that are regulated as promise of technological revolution and acceptance. These are PDAX, Coins Pro, Coinvil, Citadax, GOW Exchange, Juan Exchange, B-express, and VHCEX. The current administration was very aggressive on bringing Philippines a crypto community all over the world. To bring more Filipino people aware on this technological revolution and development, as government helped marginalized individual enter into the game play of rich and middle class sectors.
Disclaimer: This article does not reconcile any investment tips purely shared information to the public. Any loss which resulted from this article had been drawn as neither liable of the author.
