Early Bitcoin investor, crypto economist, and Anatha founder AnathaCEO debunks the key drivers of fear, uncertainty, and doubt plaguing the cryptocurrency industry today. (Sponsored)
to discuss some of the most common drivers of FUD — fear, uncertainty and doubt — in the market today and rationalize some of these misconceptions.
Ultimately, “You’re trying to look at new technology from the perspective of the old.” In reality, this is one of the biggest mistakes people make today.Many became fearful of a cryptocurrency market downturn when Elon Musk, previously a strong supporter of digital assets, stopped accepting Bitcoin in exchange for his electric vehicles — a decision said to be driven by the environmental impact of cryptocurrency.
Naturally, young entrepreneurs would see the total amount of electricity produced and think it is being wasted. DeLeon clarifies that people often forget, “When you invest electricity in the network, it makes it more secure and, therefore, more valuable.”As passionate as cryptocurrency investors are, many have found that when sharing their potential with the rest of the world, they are still fighting an uphill battle that requires those who disagree to change their minds.
Of course, despite cryptocurrency growth trajectories, the assets’ prices are not without massive fluctuations, leading to another major fear of new investors. For many unfamiliar with the market, the cryptocurrency industry is perceived to be too volatile to participate in. DeLeon debunks this belief by reminding listeners that volatility is an opportunity.
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