Up to the latest time the situation with cryptocurrencies and their rates didn’t influence the financial markets and the real economics significantly. But everything has radically changed. Nowadays the exchange rates of different cryptocurrencies and their popularity has a great impact on the stock market and real economics in the world.
The hype story of bitcoin rate change is well known. In 2010 1 unit of this cryptocurrency costed only 50 cents. But in 2013 it started to grow rapidly. In November 2017 1 bitcoin has already costed 300 USD. The next leap forward took place in 2017. In January the price of 1 unit of this cryptocurrency was 1000 USD. In March it was possible to bue 1 bitcoin for 2100 USD. In August — 3000 USD. In September — 5000 USD, in the middle of November — 8000, in the end of November — 10000 USD. Some days the price of 1 bitcoin reached 15, and even 17 thousand dollars. But lately the rate has reduced again. Now 1 unit of this cryptocurrency can be bought for about 3000 dollars. And the rate doesn’t change significantly.
Other cryptocurrencies’ prices also increase. Specialist connect this fact with psychological factors. When 1 bitcoin costed more than 10000 dollars, traders with a few thousand dollars could afford to buy only a quarter or a third of it. It influenced negatively on the psychological state of traders. So, their prefered to buy hundreds or even thousands of less popular cryptocurrencies, then to purchase only a part of 1 bitcoin. It has led to the different, even little-known cryptocurrencies’ price increase. Among them are Cardano and Monero. Their price has grown more than in 200%.
Thanks to the cryptocurrencies’ price growth, the value of different companies’ stocks increase too. The prime example is Longfin Corp. The cost of its stocks has literally skyrocketed. It has increased in 40 times after the purchase by Longfin Corp of a blockchain company, which specialized on the matter of microlending.
On the basis of all of the foregoing it may be stated, that cryptocurrencies really have an impact on the real world economics. Investors are ready to put more money to the companies that underline their connection with popular cryptocurrencies. And these corporations will spend the funds to the benefit of the real economics.
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