100 millions of people own cryptoassets

TIDETIME MINING
2 min readOct 5, 2020

More and more people are starting to invest in cryptocurrency. The number of users with cryptocurrency wallets is as high as 100 million, that is, one in 70 people invests in cryptocurrency. It is hard to compare other investment products in proportion, but it is not a “small circle” , though. It reflects that people are increasingly inclined to deposit cryptocurrency assets.

Source:Unsplash

Warren Buffett, a famous American investor, once publicly announced he would not buy gold because he believed that gold is not as productive as a company or farm. However,in August, Buffett bought shares in Barrick Gold, a Canadian gold mining company. This deal has attracted comments from all parties, saying that Buffett’s attitude has changed, and he may buy Bitcoin next time, as Bitcoin is called as “Digital gold”.

MicroStrategy, a Nasdaq-listed company, announced in August that it had purchased a large amount of Bitcoin worth about $250 million as part of its asset allocation.

Atupri, Swiss medical insurance company, declared to cooperate with Bitcoin Suisse, an encrypted financial service provider, to add a new payment method of Bitcoin or Ether for users to pay premiums.

Apart from impacting the existing financial economy, the cryptocurrency industry has also changed.

DeFi has become popular in recent years, attracting a large number of investors to enter the market. Uniswap, the decentralized financial exchange ,has developed rapidly, with a total locked-up asset value of more than 100 million, becoming the top of DeFi protocol. In addition, according to Dapp.com data, Uniswap users are close to 90,000.

Earlier, Uniswap officially announced that version 3.0 has deployed the IPFS interface on Github. Users will be able to visit the Uniswap website through the IPFS system and use the IPFS system to perform any deals. The IPFS system can also help Uniswap to solve the huge data storage problem and to ensure decentralized features.

There are two good news for the IPFS system in 2020: Netflix cooperates with the IPFS system since the beginning of the year; Uniswap, the leader in DeFi, will join the IPFS system soon. Filecoin, as the incentive layer of the IPFS system. The development of the IPFS system is inseparable from Filecoin. It will further draw the attention from more companies or decentralized protocols to use the IPFS system, which means that the use of Filecoin and its value will increase accordingly.

Even China, which has always suppressed cryptocurrency, announced to accelerate the development of blockchain technology. It is believed that cryptocurrency and blockchain technology will soon completely intrude our daily life, get rid of the monopolistic financial economy and become the mainstream.

So, if you want to enter into the cryptocurrency field , the quickest way is to start with Filecoin now!

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TIDETIME MINING

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