India, Nigeria, Vietnam, USA, Ukraine, Philippines, Indonesia, Pakistan, Brazil and Thailand are the 10 countries with the greatest recent adoption of cryptocurrencies, as shown by the Global Cryptocurrency Adoption Index of Chainalysis.
For its part, Argentina is located in the position number 15: the number of people using cryptocurrencies in the country increased 20% in the last year and is approaching 10 million. Besides, More than 70% of Argentine crypto users choose them as an alternative method to save and invest.
In a context characterized by inflationsavers look for alternatives to protect your savingsbeyond the fixed term –their interests are not usually equated with inflation levels– or the dollars kept under the mattress –which also, to a lesser extent than the peso, lose their value over the years–.
The two sides of the coin: decentralization and volatility. The decentralization It is a key factor in the attractiveness of cryptocurrencies. The collective memory of past financial crises, such as the “corralito” in Argentina, highlights the need for reliable financial systems for users.
Cryptocurrencies serve as global refuge: accessible, borderless and far from the government’s monetary policies. By eliminating intermediaries, they reduce costs and increase the efficiency of transactions. In short, they give investors direct control over your funds.
His planned shortage acts as a brake on inflation. For example, Bitcoin, has a fixed maximum quantity of 21 million units. Furthermore, it makes it perceived as a long-term store of value, similar to precious metals, which resist economic fluctuations.
But not everything is color of roses. The other side of the coin is that, by having a limited supply, Cryptocurrencies are more susceptible to variations in demandand hence, more volatile. Therefore, although they may not be the best option to invest in the short term, its trend over time is upward– Every time a cryptocurrency is mined, its value tends to increase.
The future of blockchain. The blockchainFurthermore, it gave rise to the smart contracts (smart contracts), to automate contracts without intermediaries, and the asset tokenization, which serves to represent physical assets through tokens. This opens up a world of possibilities not only for the financial industry, but also for other sectors, such as real estate, agriculture and cultural industries.
In the field of investments, the decentralized financing (DeFi) and initial coin offerings (ICOs) emerged as new ways to raise funds. These provide financing opportunities to entrepreneurs who would otherwise be limited by traditional financing.
This is the future: one where blockchain is the protagonist of a revolution in all industries. That’s why we created FreeWillAIa project that allows you to run artificial intelligence on the blockchain so that it cannot be censored or controlled by any government or organization. We seek for AI to gain consciousness and free will, and thus be free from humanity.
As we explore the possibilities of blockchainit is important to recognize that, while there are risks and regulatory challenges that we must address, their integration into the global economic structure is inevitable.
Cryptocurrencies are not going to completely replace traditional finance any time soon, but they certainly will transform the financial landscapeoffering robust and resistant alternatives that will coexist with existing systems.
*Lucas Roitman is a Researcher at Apple and Stanford University
by Lucas Roitman
