Crypto Adoption Is Becoming Next Level

It may not seem like it but cryptocurrency is quickly becoming main stream and accepted around the world by more people, companies and even countries. To understand why this is the case and how it can affect cryptocurrency in the near future there's a few things to go over and research.

The Current State Of The World

There was once a time when the united states didn't produce anywhere near the oil they needed and imported a ton of it. This was fine when prices where low but quickly showed that the united states was at the mercury of oil companies.

From this the united states started to increase oil production and oil prices quickly fell to record lows as supplies outweighed demand by a huge amount. During the cold war era this greatly hurt Russia which relied on oil as a main source of revenue and from that they actully pumped more oil into the world trying to gobble up larger market share and destabilize the oil industry and they did so at a rather effective rate.

From there OPEC was born and instead of fighting each other they decided to work together and stabilize the worlds oil supply and make more money. Currently OPEC produces 40% of the world oil.

OPEC recently announced it would be cutting oil production and while this has many up in arms and thinking that they are supporting Russia there's actully a good reason as to why they are doing this and it's understandable.

Everyone is predicting that the world will slip deeper into a global recession and because of that oil demand will slump like has always happened during recessions. Because of this they are trying to be ahead of this and reducing production now sets them to stabilize the price of oil during the global recession many feel is about to get worse.

Why do I bring up oil? Well, it's a clear example of the state of the world we now live in today. Where less and less is becoming about countries and instead it's more of a globalization approach. It's nearly half the world vs the other half of the world right now. When you combine EU, United states, Mexico, Japan and South Korea on one half and the other half China, Russia, Iran and India. While the other half doesn't exactly like working with each other well they often do just to stick it to the other half and there we start to see the true globalization happening in the world. Stocks are another area to look with nearly half of markets being traded over seas now.

Crypto

Because of this globalization we are seeing some countries like Russia, China and India so called banning cryptocurrency while guess what the other half id adopting it at a record pace. UK's new prime minister wants to make the UK a hub for crypto and crypto related tech. They USA has clearly adopted it even though the SEC continues to be the only A holes about it.

From recent news we also are getting major headlines such as

• 90% of U.S companies accepting crypto recorded a increase in sales
• Nearly all retailers plan to accept cryptocurrency in the next few years
• A increasing acceptance by citizens to use cryptocurrency

These are all MASSIVE bullish headlines that show it's only a matter of time before cryptocurrency becomes mainstream and honestly just takes over the world. We've seen it in future movies all our lives a credit based digital system of money and no longer physical.

The huge benefit of this is that crypto is already world wide and traded freely. It's also a 24/7 traded asset and that appeals to many more people then the stock market which has become saturated with fraud and a money exit to only wealthy companies. You could almost look at crypto being a entire reset where people have a more fair advantage and the possibility to be part of it all to generate revenue and act as a bank themselves. This in theory removes all the middle men and makes it so you as a loaner, investors or user now has the ability to earn like banks, companies and businesses do all by just holding and slightly moving around crypto assets.

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