The impact of improved knowledge on Cryptocurrency in the Market
In the last two years, the level of cryptocurrency literacy has increased. One of the reasons for such a high level of increase in knowledge of people was the bubble of December last year. Since then, many organizations, colleges, and governments have started training and courses on cryptocurrency. This increase in knowledge has impacted the market in many ways.
The various ways this has influenced the cryptocurrency market are:
1) Increased level of adoption: prior to this time, some countries of the world do not want to do anything with cryptocurrency since they believe it aides money laundering, terrorism, and cyber crimes. However, the increase in knowledge has made them to understand that cryptocurrency has better usefulness than this negative vices. This has led to increased adoption of cryptocurrency by governments and financial institutions.
2) Correction that cryptocurrency crime culprits could not be prosecuted successfully: prior to the spread of both free and paid online courses on cryptocurrency, there is a belief that cryptocurrency offenders could not be arrested and prosecuted successfully because many felt that the technology to track offenders is not in place. However, the recent arrests and successful prosecution of cryptocurrency crime culprits and funds returned to the rightful owners has made people to trust that it’s not all that it has been painted to be for. ..Read More..