Bitcoin has been a prominent part of the news for the past few days and for good reason. For those who don’t know, this cryptocurrency made the waves because of its tremendous profitability. The starting of this year was quite poor for bitcoin and its profitability went down significantly. For those who don’t know, bitcoin is the first-ever cryptocurrency, and people thought that it would be the only one.
As time passed, however, people came to realize that this crypto had a great deal to offer mainly because of the bitcoin boom that happened. For those who don’t know, the bitcoin boom was a period when people made millions of Dollars from relatively small crypto investments. Unfortunately, however, the boom did not last for long and people ended up losing their profits. However, if you have been in the crypto world for a while, you will be well aware of the fact that volatility is quite prevalent in the crypto landscape.
No matter how much money you invest in a certain cryptocurrency, there will always come a time when it is not as stable as you would like it to be. However, this instability does not last forever and investors do get to see greener pastures down the line. For that, however, you have to remain incredibly patient and make sure that you do your research thoroughly. There have been plenty of cases where people ended up losing their investment simply because of their lack of awareness regarding bitcoin and another crypto.
Despite all of the irregularities in the crypto world, one of the main issues that the crypto community has faced is the disapproval of plenty of countries. Believe it or not, there are a large number of countries that have not legalized crypto and believe that it should be outlawed. Slowly, but surely, however, it seems like things are improving and governments are understanding how important crypto is.
With smaller and smaller and large organizations promoting crypto-friendly environments, it is high time that countries legalized it. According to the CEO of BitMEX, this is exactly what is about to happen in the crypto world. This CEO firmly believes that crypto, especially, bitcoin will become widely accepted and a large number of people will legalize it.
With so many people participating in crypto trading endeavors, it only makes sense to legalize crypto down the line. The Ceo of BitMEX also claims that there are certain countries in particular that are paying heavy consideration to legalize crypto. One of these countries happens to be Turkey, as crypto activities in this country have increased tremendously.