Since cryptocurrencies debuted on the financial markets a few years ago, they have seen rapid growth. In spite of the global pandemic that ravaged the economy, it has shown tremendous promise. The financial market is about to be revolutionized by cryptocurrencies, says Entrepreneur Slavi Kutchoukov.
As a result, digital assets held their value even during these trying times due to these being the fastest-growing types of investment instruments that are considered safe even against inflation and market volatility that can destabilize financial structures. Therefore, digital assets held their value despite these trying times due to the fact that these are the fastest-growing types of investment instruments that are considered safe against inflation and market volatility that can destabilize financial structures.
When big names like Square, which is an American payments company, purchased Bitcoins worth $50 million, following them was Microstrategy, a public company in the US that converted $425 million of its cash reserves into Bitcoin, as they found it to be the best investment option.
Tesla, one of the world’s biggest names, became part of the movement, increasing the trust of people in this field. As a result, many big companies are now getting involved with digital currencies, the latest being PayPal, which recently announced its acceptance of digital currencies and now lists cryptocurrencies on its checkout step, showing how big it could grow in the future.
Many countries are gradually regulating the market by making digital currencies legal exchanges as big companies and private investors adapt to this new technology. USA, Japan, Germany, and a few other countries have already incorporated digital assets into their legal framework.
German entrepreneur Slavi Kutchoukov, an established real estate businessman and a successful fashion entrepreneur in the UK and UAE, has also embraced the trend and introduced his own digital currency, known as Slavicoin, set to launch in the near future.
Digital currency is becoming the currency of the future, and Slavicoin will become the industry’s fastest-growing digital asset once it is launched,” noted Slavi Kutchoukov.