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We were all there when blockchain technology and cryptocurrencies were undergoing serious criticisms. At that early stage, big names went to the media and gave all their negative views about cryptocurrency, from being a scam project to how unaligned it will be to the financial system. A lot of talks rose about how it will never emerge as a store of value, citing the importance of fiat assets that have dominated the financial system, how it has impacted the forex and stock markets. When renowned investors like Jamie Dimond, CEO of J. P. Morgan said if any of his staff should be caught holding or trading cryptos, they will face the sacking penalty.
Hahaha, where is J. P. Morgan now?, sometimes we criticize because we don't understand a system or we are trying to defend our system both of which I could say J.P. Morgan was trying to do, but when all is clear and the idea of how an adoption can even boost your existing system, boom! Opportunity just surfaced. Who does not love business opportunities, it is like honey from the honeycomb, though bees surround it, the honeycomb can be yours.
From Let me stay to let me keep you
Very funny, what can opportunity not do? Crypto during its emergence seemed like the inferior who was begging investors to just have a seat even in the back seat. It was humiliated, stigmatized, criticized and whatsoever word that fit that category. Much like a gifted child whom the elders are trying to suppress, that his light may not shine out. I must say I appreciate all who did put so much efforts to make blockchain technology and cryptocurrency a success. You know in such difficult times, it would easily have been the 'abandon ship' slogan. When you see conglomerates against a project you know what it means.
Crypto did exercise its humility until when it was opportuned to voice. We all know how bitcoin from the back sit became the talk of the town and till date it has continued to shine. Though the crypto market has been bearish for a while, investors have refused to let it go. Everyone wants to keep blockchain and crypto, they've had a taste of modern transaction and innovation.
Just be good your time will surface
Yes I must say it, it pays to carry value. The whole criticism just in a matter of moments turned to opportunity when the value of blockchain and crypto became crystal clear. I do not see the concept of crypto adoption as 'if you can't beat them join them' but more of 'he who falls behind is left behind'. Investors have seen the competitive hedge and advantage their business rivals can boast of if they refuse to jump into the moving ship. We all know the concept of a good business, not just about selling, but selling what the people need, period. Imagine a consumer branching a matured business premises to hear they don't accept crypto payments and your competitor chooses to welcome such consumers with open arms. Your payment is through cash or virtual fiat while his is both plus additional virtual currencies, the business margin is already drawn. At such point, crypto had to surface.
They now tell the story, they even defend it
Are you very much surprised that even in such struggling crypto markets, those who never even saw any vision for crypto are now defending it. They boast about it in the media and social handles. You may ask, why the sudden reverse? Hahaha, they have what to sell and they've come to realize the backbone is crypto. I must say it's a wise decision. Even I would have done the same. When you come to realize a mistake as business man, you have to let go of pride, come back and reschedule to meet up or you may soon go bankrupt.
Don't boast of crypto price surge rather its innovations
There were times I used to boast to people about crypto in relation to price surge. That was then, if one asks me what makes you value crypto? My answer is simple; I love the innovation behind crypto and blockchain technology. I must say, it has opened doors, created opportunities and even opened the eyes of many. The impossible has been seen possible through this technology so why spend time on only price surge. Think about making transfers in seconds globally, the creation of Defi and DApps and I can sense that more is coming. Just be prepared.
Wrapping things up let me add, the opportunity blockchain technology and crypto has created has turned many antagonists to move from criticism to embracing this innovation. Whether they did it out of little understanding by then or to purposely close the door against crypto, this innovation has proven too good to be pushed around. As I earlier stated more is coming, blockchains birth of crypto is only a tip of the iceberg. They've seen it, so you don't need to be the blind one.
