John McAfee sees the future of the economy in altcoins
McAfee is confident in the future of cryptocurrency
Altcoins directly depend on the behavior of BTC
You can invest in altcoins, but remember that it is a volatile asset.
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Founder of antivirus software company and crypto enthusiast John McAfee is confident that the global financial crisis will destroy the global economy, and fiat money will approach hyperinflation. At the same time, cryptocurrencies, in particular altcoins such as Monero, Cardano and others, will become the main investment tool..
Note that McAfee is not the first to express this point of view. Even earlier, experts warned that the uncontrolled release of money, for example, the US dollar, could harm the world economy. However, US politicians did not heed the opinion of analysts and launched printing presses. As a result, over the past few weeks, millions of dollars have been released, which will be used to fight the coronavirus epidemic and support the population during the quarantine period..
Domestic experts also support the idea that cryptocurrencies can become an attractive tool for investors. For example, in an exclusive interview for BeInCrypto, trader Kir Kelevra noted that he keeps his savings in bitcoin and recommends that others do it. Unlike fiat money, cryptocurrencies are less prone to inflation and more protected from political provocations and manipulations..
Maria Stankevich, director of business development at the EXMO cryptocurrency exchange, is also confident in the future of cryptocurrencies. As she admitted in an interview, today it is profitable to invest in bitcoins, as well as altcoins ETH, Cardano, Monero, Tron and others. But at the same time, the expert emphasizes that investors must understand the possible consequences. The cryptocurrency market remains volatile and highly volatile. Therefore, you need to invest only that part of the money that you are not afraid to lose.
What will happen to the altcoin market
Everyone knows that the altcoin market largely depends on the price of bitcoin. And while the main cryptocurrency is going through hard times, there is no reason to hope for a speedy recovery of cryptocurrencies. Of course, the companies that create altcoins are doing a lot of work aimed at strengthening their own tokens, but while the market is in panic associated with the spread of coronavirus infection, there is no need to think about the nearest recovery..
As Maria Stankevich noted, now there is not a single altcoin project on the market that could be called completely successful and promising. This market is just evolving and gaining popularity in the community. MTC remains the main instrument of investors..
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