Cryptocurrency market, fortunately, again became one of the most-talked topics in both medias and live chats. The bigger the hype about cryptocurrencies, the better because the price will, hopefully, increase since it the price itself can be very volatile and be dependent on what others think. Discouraging such topics as a lot of influencers did, isn’t good for the market. But when someone like Elon Musk, who is very known in both business and tech world, gives an opinion and it is a positive one, there is a possibility of driving the force which is a bit needed in achieving a goal of becoming successful and known. In addition, Elon was an essential part in creation of one cryptocurrency which started as a funny meme. Right now, he is the CEO of Dogecoin, and this is an example of how much one person can influence the cryptocurrency market.

Furthermore, CNBC’s podcast “For Your Innovation” did an interview with Elon Musk where he publicly shared his opinion on cryptocurrency market. He talked about cryptos as a much better way of exchanging contrary to fiat currencies. Veritably, he isn’t the only individual having this thought. Various other crypto personages have had this thought for a longer time.

What is more, people have stopped admiring cash itself. This observation made on Twitter, sends a signal not only to cryptocurrency community, but to the general public as well, that the hard cash is becoming more and more useless. To support this statement, more countries are turning into cashless economies, such as Sweden which aims to introduce its own cryptocurrency and eliminate the hard cash in a very near future.



Another important subtopic of cryptocurrencies is privacy. The very nature of cryptocurrency market is to be decentralized and not having an institution which manages the financial system. Some think that going cash will leave a space for the governments to intervene with the decentralized system of cryptocurrencies and make arrangements for privacy. Then again, there are the individuals who feel that the mass acceptance of cryptocurrencies would cultivate better and smoother financial actions would be a part of more productive financial systems.

