Beyond Borders: How Cryptocurrency is Revolutionizing Investment for Developing Nations

A survey recently released by eToro shows that four out of ten Romanian investors(39%) turn to cryptocurrencies when thinking about long-term investments. There are a number of reasons why some Romanians may be looking to invest in cryptocurrency as a long-term investment.

One reason is the potential for high returns. Cryptocurrency has seen tremendous growth in recent years, with some coins experiencing massive price increases. This has led to many investors seeing it as a potentially profitable investment, as long as they are willing to take on the risk that comes with investing in a relatively new and highly volatile market.

It's not all about Bitcoin, though... It doesn't have to be about Bitcoin despite most of the talks stemming from Bitcoin as a hedge against inflation. Maxis are always about crowning Bitcoin and somehow leaving aside everything else, as "there's no second best". Well, I and other non-Bitcoin maxis will always disagree on that and there's no wonder so many in my country are into crypto and not necessarily just Bitcoin.

The potential for crypto to serve as a hedge against inflation is definitely there although it has its shortcomings. Cryptocurrency is not linked to any government or central bank and its value is determined by the market forces of supply and demand. This can make it a good option for people who are concerned about the potential for inflation to erode the value of their traditional investments, such as cash or bonds.

We have quite a history of speculation here, and getting into assets that carry the potential for exponential growth. Most of the millionaires of the '90s have probably been into "jeans imports" from Turkey, the next generations have been part of the real estate boom, and afterward, the construction companies and almost any company providing any services once the country started developing and we're now living the times of "almost free borderless internet money".

There's literally no influencer from my country that is not into crypto and some have managed to make millions out of such investments/trades, except me who sold DOGE too soon, and the crypto community here is also pretty decent imo, but it is at the same time "a replica" of the CT.

The main reasons why 4 out of 10 Romanians are looking for crypto as a long-term investment could be some of the above but the question that should arise is why are these developing countries more into crypto than the "so-called developed ones". It's because they needed it the most.

Venezuela needs HBD as a payment currency due to its skyrocketing inflation, Nigeria has to be in crypto due to the inflation and highly constrictive governance systems and Romania pretty much falls in the same patterns.

Additionally, the Blockchain technology that underlies most of the cryptocurrencies is considered by some as a technological revolution that has the potential to disrupt multiple industries, and thus some people may be looking to invest in the technology as well or even more, getting involved in it such as the team from MultiversX(former Elrond). The world is "turning digital" and it would be a pity to miss on the good side of that ;).

That's about it for now, I wish you all a great day and see you next time.

Thanks for your attention, Adrian

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