Technology

New Perspective – Cryptocoaster

By October 23, 2019 No Comments

Perspectives on Mogul News are a curated selection of stories from the world’s leading publishers, giving you more than one side of the story on important issues that face us, and society as a whole.

In this week’s Perspective, we look at the future of cryptocurrencies. Here’s a quick note from our editor to give you an overview.

If there’s one thing that is true about cryptocurrencies, it is that they are volatile. Bitcoin, the first and most well known of the cryptos, famously plunged from a value of nearly $20,000 to just above $3,000 in a year.

In the 10 months since it reached its recent nadir, it has climbed back to a value of $8,000. But not without hitting another high of $12,500. It’s a roller coaster. Long promised as the future of money, it is this volatility that has put many off, viewing it as nothing more than a sideshow to the real economy.

Is that it then for cryptos? It could never be so simple. Starting out as ones and zeros on a few enthusiasts computers, cryptocurrencies have grown. They are mesmerising some of the biggest companies in the world, such as Facebook, as well as nations around the world, notably the troubled Venezuelan state.

Cut through the fear, uncertainty and doubt, proponents say, and you will see a glimpse of the future. Others think they are no more than a flash in the pan. So, what is it? Explore the different arguments and come to your own conclusion in ‘Cryptocoaster’, a Perspective from Mogul News. Sign up for your 7-day free trial now!