- This year has been hectic for everyone whether it was health-wise or economically.
- Even though bitcoin started the year that’s a relatively low price, it has spiked time and time again even during the pandemic of COVID-19.
This year has been hectic for everyone whether it was health-wise or economically. Even though bitcoin started the year that’s a relatively low price, it has spiked time and time again even during the pandemic of COVID-19. With this increase in price, it wouldn’t be a far stretch to assume that many new people are getting (or have got) involved in industry.
With this in mind, IMF (The International monetary fund) recently released an introduction to Cryptocurrency video on their Twitter page. The video was originally made in 2018 but was just recently re-shared on the platform and got a bigger audience welcomed into the world of crypto. The video primarily looks into the benefits that Cryptocurrency has and got a great response from the community as a whole.
What are cryptocurrencies? https://t.co/ggONlLkA2r pic.twitter.com/yYpj3Jf37E
— IMF (@IMFNews) August 23, 2020
The company is looking to seemingly educate more people on blockchain and crypto and the potential that they have. But it doesn’t seem that everything is hunky-dory as many people have criticised the video claiming it was spreading misinformation. Critics have highlighted the narrator of the video called private keys passwords with some even angry about the mention of Cryptocurrency being highly volatile, a fact that we all know.
Even though this was a beginners guide to Cryptocurrency, the video didn’t mention anything about decentralisation or coin supply. It was another thing that got the critics talking.
Awesome video, but you're wrong. There's one cryptocurrency that can handle large amounts of transactions simultaneously at incredible speeds and it doesn't have fees either. Guess which one it is?
— RickStonez (@RickStonez) August 24, 2020
Interestingly, the company didn’t mention any specific coins such as bitcoin.
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
