Skip to content Skip to sidebar Skip to footer

Failing Traditional Markets: A Sign for Change?

Recently, Bright, a top strategic marketing consultancy, published a report which is of great importance to the future of business. Their market research survey shows that 86% of traditional marketers are unable to meet their business goals. What is the significance of this number for the future of trading?

The Future of Traditional Business Looks Grimmer than Ever

One thing is clear from the findings that the future of traditional business does not look bright; they are struggling to maintain pace with markets that are evolving speedily. Furthermore, by now it has been proven that traditional trading is highly unpredictable and volatile in the sense that it is unable to stay afloat in times of crisis.

The comparisons between the present coronavirus slowdown to the Great Depression of 1929 have already been drawn by economists all over the world. According to a report by Al Jazeera, a great recession is likely in the cards. According to economist Goldman Sachs, US economic output could go down by 24% between April and June, as compared to 2019. Furthermore, the unemployment rate can increase by 9% in the coming months.

Crypto Trading Volumes Soar

As the businesses which depend on traditional models struggle for survival, cryptocurrencies are back in the spotlight. Even in a country like India, which has been highly sceptical of crypto trade, Bitcoin trading is booming among an economic slump and a nation-wide lockdown.

A report published by Forbes reveals that a crypto banking service platform called Cashaa India has witnessed a hike in its trading volume by a staggering 800%. The chief executive of the platform, Kumar Gaurav also disclosed that it has registered a volume of 600+ [bitcoin] in the first twenty-four hours itself.

Elsewhere too, the first week of April saw a 10% climb in Bitcoin trading. As a result, it has been widely speculated that this year is going to experience a surge similar to the 2017 Gold Rush.

Is the World Ready to Switch to Crypto?

Although the recent crisis has stamped the incompetence of traditional business models, the stage for a crypto dominated trading system has been setting around the globe for a long time. Jed Kolko, chief economist at popular job site Indeed, told the Wall Street Journal that ‘what we’re in right now is a sudden and extreme version of what had been a much longer, slower-moving trend.” The process of shifting of trade towards digital solutions has already begun.

Tycoon — A Secure Way to Begin

Perhaps the hardest thing to do is to begin. With this in mind, Tycoon offers a trader-centric social crypto trading solution. Fully automatic, the platform offers its users real cryptocurrency and a secure interface with professional traders. The activities of the traders are monitored by a secure API connection and can also be automatically copied to a follower’s portfolio. A user has complete access to his portfolio and therefore can manage his investments at any exchange of his choice.

Tycoon protects the rights of users and never stores investments, giving you a safe, forward and professional platform to begin crypto trading. What’s more, it provides a platform for crypto social trading tailor-made for beginners!

Register and get ready. Do not miss your chance!