Those who invest in cryptocurrency are millennial men, video game players, sports bettors, and college graduates who like innovation and are willing to support financial inclusion and advanced economic development.

Those who are buying in to Bitcoin, NFTs and other kinds of cryptocurrency are technically buying in to an identity.  BTC, Crypto and NFTs are more of a religion than being a solution into any problem.  The Bitcoin culture with all its terminologies and lifestyle promises and libertarian thoughts is appealing to many. It is a kind of counterculture.

Despite 10 years of being in, Bitcoin and crypto is a part of the ethos and aspirations of a particular population which is different from those from the mainstream society. Bitcoin believers are a group of believers who support an alternative financial system with forward looking approach.  The shadow crypto financial system serves retail and institutional clients in an uneven regulatory environment.

Cryptocurrency has indeed made a world of difference for the gaming industry.  Crypto gamers and major cryptocurrency companies leverage crypto to unlock market opportunities. When compared to the rest of the population gamers own more numbers of cryptocurrency when compared to others.

Reportedly, 55% of Millennial gamers own crypto when compared to 5% of Millennials.  Cryptocurrency being involved in the gaming industry comes with immense potential. About 80% of the cryptocurrency gamers make use of cryptocurrency in their gaming purchases. And there are 67% of them who hope there should be more opportunities for cryptocurrency usage in the gaming industry.

Triple A, the crypto payment gateway expresses that in 2021: “The APAC region has the highest ownership rate with 22.6 million gamers that hold cryptocurrency, followed by Europe with 5.9 million gamers, Middle East & Africa, Latin America, and North America regions.”

Bitcoin has recently gained more attention from serious investors and financial institutions. However, the price of Bitcoin has also dropped significantly due to major turbulence in the cryptocurrency market. Just like any other crash a correction of BTC price is expected.  The recent crash due to the “great cryptocurrency blood bath” has left several prices crash.

However, the bitcoin counterculture promotes the following ideals:

• The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
• Once Tether finally gives out, Bitcoin will be lower than any of us think it could go. Bitcoin, ETH and the rest of the market will free fall. This is small potatoes compared to what’s going to happened.
• In fact, the bigger the fluctuation, the more profitable it is for whales. It only takes some patience to wait for the factors that affect the fluctuation to disappear.
• Crypto technology is huge, but governments will implement it for buying and selling and lower cost frictionless transactions.