FAQ?
Why is cryptocurrency so popular?
Crypto’s future popularity rests on what social scientists call a stylized fact. A stylized fact is an observable phenomenon that can be counted but cannot be easily explained, or as Hirschman says, “empirical irregularities that need an explanation. ” One stylized fact about crypto is that it has high market value.
Is crypto just another weird Internet phenomenon?
What I’m saying, I guess, is that despite the goofy veneer, crypto is not just another weird internet phenomenon. It’s an organized technological movement, armed with powerful tools and hordes of wealthy true believers, whose goal is nothing less than a total economic and political revolution.
Is cryptocurrency the next Tech Trend we should ignore?
Crypto! For years, it seemed like the kind of fleeting tech trend most people could safely ignore, like hoverboards or Google Glass. But its power, both economic and cultural, has become too big to overlook. Twenty percent of American adults, and 36 percent of millennials, own cryptocurrency, according to a recent Morning Consult survey.
Is crypto money headed toward the US political system?
We are already starting to see a swell of crypto money headed toward the U. S. political system. Crypto entrepreneurs are donating millions of dollars to candidates and causes, and lobbying firms have fanned out across the country to win support for pro-crypto legislation.