Blessings of Blockchain Technology

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Everyone tries and want to invest or allocate their money in or to any business venture with the expectation of a positive benefit or return in the future. The goal of any investor is profit from investment on any instrument. Every businesses face it's own challenges with it's various cause (s). The stock market as an investment avenue could be very volatile but with a good stock pick, your investment is assured.

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Crypto is another stock-like investment venture with its own peculiarities but still evolving market. Many companies and industries even nations are still been expected in the digital currency market. As a Nigerian, I think the best time to invest in crypto or digital currency is now because of our currency peculiarity. In recent times, the Nigerian naira has been declining steadily in value. Devaluation is likely to cause inflation because imports will be more expensive – any imported goods or raw material will increase in price; aggregate demand increases causing inflation. Firms/exporters have less incentive to cut costs because they can rely on the devaluation to improve competitiveness.