The world is experiencing several heavy crisis at the same time: A global pandemic and a tumbling world economy that is the consequence of many businesses shutting down temporarily or even permanently.
Even though there were signs of recovery as more states start lifting many of the lockdown restrictions, this crisis is far from over. Economic experts across the board agree that the impact will last deep into 2021, because the economy won’t pick up as quickly as some optimists suggest right now.
During a several months shutdown of businesses, many people were losing their jobs and after they re-opened only a fraction of the previous staff were hired back. According to the latest Labor Department data, the U.S. unemployment rate experienced a slight improvement, which points out that employer hire back less staff than they had to release before. Hence many workers who had idled are concerned if they would be called back to work.
Meanwhile spending hits an all-time low, as people are worried about when this crisis will end and fear losing their jobs. This makes them very cautious, saving money frantically and try to get by without making big purchases. All of these uncertainties caused a massively decrease of buying power, which will likely lead into a severe loss in the spending power across the globe — affecting us all due to our interconnected global economy.
So where does the average Joe go? What are his options? In fact, this situation is prevalent in almost all countries of the world. So where do people turn if the economy they have built is starting to crumble and can only be revived by printing more money? Which will lead eventually to hyperinflation as history has shown again and again. What is different this time? Nothing, almost nothing.
There is something that is different. We now live in the age of crypto currencies which was created after the last financial crash in 2008. Remember that Bitcoin came into being from the ashes of the economic collapse of 2008–2009. The current economic downturn is even more severe and exposes the traditional fault lines even further. And instinctively, people are turning towards cryptocurrencies.
So what can you do to protect your wealth?
Investing or trading with cryptocurrencies is one option!
Of course this is not an “easy to get rich” thing. You need a lot of experience in order to succeed in this market and maybe even reach financial independence.
Data from major digital assets trading platforms around the world show an almost exponential rise in number of new registrations and an increase in trading activities and volumes. People seem to have found their alternative instruments of creating wealth that is not as tied to global events as fiat money is.
So what is holding you back from entering this market?
Many cryptocurrency platforms around the world are creating innovative solutions to help individuals make the transition from traditional finance to digital assets.
Certainly, there are many pitfalls in this market, especially for newbies. For that reason, we created Tycoon where people who are new to the game can learn and understand the patterns of investing of those who beat the market consistently.
The Tycoon platform has been receiving a lot of enthusiasm from traders around the world. The ease and simplicity of copying trades from pro traders is attracting thousands of crypto enthusiasts towards Tycoon. The innovation isn’t stopping, and Tycoon is forging its path ahead with strategic cooperation in order to create a holistic ecosystem that is geared toward helping traders to win together and leverage the synergies between advanced traders and newcomers to the market.
The goal is enabling the average Joe to create sustainable wealth…
…and worry less about what’s going on in the world.
All you need is to stay save and join the revolution!
Register and get ready. Do not miss your chance!