They say the economy is bad, but where's all the money going? Which industries are still making money?
The economy is actually bad bro or isn't it affecting you over there. I have been affected by the inflation of my country's currency that its purchasing power has been reduced to nothing. The economy is crashing everyday and it's affecting everything in the country. Companies are laying off staffs and they aren't hiring new ones makeing the unemployment rate to be high and the crime rate to increases. While the economy is bad it doesn't mean there aren't some private and public companies making money, it's during this period that more money can even be made as people providing services are still killing it.
Cryptocurrency is still making a high volume of daily transactions and government reserves are focusing on Cryptocurrency most especially bitcoin, Gold and real estate is also thriving in high inflows of investors.
Money is moving into the crypto industry and wait patience, we can become a part of those enjoying the shift of wealth. More millionaires are being made in the industry and this doesn't have to do with only Bitcoin but other sectors of the industry. You can decide to join them or continue trusting Bitcoin and both ways can end up making you wealthy.
Every economic crisis presents a unique opportunity to some set of businesses and individuals, the economy is indeed suffering from high inflation and currency devaluation from the government agencies and corrupt political offices holder and even our civil servants who work in those government agencies and parastatal are all involved in this corruption and high red baptism in the public sector have made it impossible for the government to take any good action to help caution the menace of the high systemized corruption in the public sector, so individuals are now trying to figure out ways to stay above this dirty water of corruption that is swallowing our country economy.
Cryptocurrency is one of the contemporary innovations that has brought with it a new wave of wealth distribution and is based on Individuals' stake in the asset market instead of the unequal traditional ways of wealth distribution which only favors a few sets of people leaving the higher percentage to wallow in poverty, unemployment and insecurities,.
Sure CryptopreneurBrainboss makes a lot of points when analyzing the role of bitcoin and another crypto assets In building the contemporary wealth portfolio from digital assets, and no doubt if we either choose bitcoin as our sole investment asset or choose to diversify into bitcoin and other altcoins, what we aim and pray for is that may the wealth we desire and chase day and night locate us in any legal form.