How has COVID-19 affected the position of the digital industry?
Obviously, we will never forget last year’s events. It is likely that the coronavirus infection virus, which appeared in 2019, will remain with us forever. At least in memory. But its consequences are quite tangible, they even influenced the global position of the Blockchain, they set priorities in many countries and directly affected the current situation in the cryptoindustry. But how exactly? Today we take a look at the latest research from The Economist Intelligence Unit (EIU). We will tell you how and in what aspects COVID-19 affected the digital industry. So let’s get started.
What do analysts say?
First of all, it should be noted that the research conducted is a carefully prepared report compiled and published at the request of the Crypto.com platform. The platform is renowned for its expertise in forecasting as well as in the collection of statistics. That is why the theses voiced can be trusted. In fact, experts argue that the surge in infection directly affected the current state of the cryptoindustry. And at the moment, the digital economy is going through better times. Yes, we are seeing a clear drop in the price tags of leading assets. However, more and more countries are recognizing the merits of Blockchain. More and more countries are starting to research and develop independent projects. And the phrase “state cryptocurrency” no longer seems so unusual. And for this, apparently, we must say thank you to COVID-19.
According to the information collected from ordinary consumers of digital products, Bitcoin and other assets have become uniquely more interesting during the pandemic. 46% of respondents are confident that it was the emergence of a new major disease that redistributed the priorities of ordinary people. According to these respondents, due to the decline in confidence in the future, many began to look for an alternative means of storing their own funds. And this decision was cryptocurrency. Government representatives also realized that it was necessary to support unusual, more modern and efficient means of calculation. Which, by the way, cannot become carriers of the disease. What else is featured in the study? Important statistics are collected in the section below.
What else is known about the impact of COVID-19?
Digital assets of state-owned banks, according to 40% of respondents, have also become more famous and popular. 35% believe that corporate tokens have also reached a new level due to the pandemic. And 34% of survey participants are confident that distributed assets are growing in value and popularity precisely due to the impact of COVID-19. The public perception of digital assets has also changed significantly. Now about 34% of all respondents believe that cryptocurrencies are, first of all, a tool for financial transactions. 31% see digital assets as an asset, a means of accumulation and profit. And 27% of survey participants believe that modern coins are the solution for both problems.
No one will argue with the fact that COVID, as well as everything connected with it, has influenced today. And since cryptocurrencies are an important part of our time, their change under the pressure of a new disease becomes obvious. So, in addition to terrible events, millions of ruined plans and so many dashed lives, COVID has changed our future for the better. Now modern digital assets are not surprising, they are bought and used for their intended purpose. And this is a definite plus.
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