How can Cryptocurrencies and the Digital World save us?

Everybody on the Earth’s face knows what is going on with the Virus and the next implications for it. Cryptocurrencies may just be able to help.

I am Italian, and here we are in quarantine since two weeks. I am going out just to buy fruit, vegetables, water and a few other stuffs to survive.

This is one of the moments when I consider myself really lucky to have shift my work online by 99% since I can complete almost all my task remotely.

Yes, I gained a couple of kilograms as well and I am really missing hard my weekly wheelchair basketball trainings, but what is most important now, is staying safe.

Talking with colleagues and business partners we noticed two major feelings amongst people: excessive relaxation and fear. To understand the first, imagine elementary school students that just finished school lessons in June and they collapse in the laziest way on the couch every day, every time. Fear is encountered by some people that are usually anxious or stressed and now they are scared that something in their life may irreversibly change.

A famous oriental catchphrase tells that: “Once the wind of change blows, some people build wall, others build windmills”. Nothing else to add or explain, I think.

When I started my journey in cryptocurrencies, the 2017’s bubble was not even in my darkest thoughts but I early understood that working from home was a real gift. I mean, at the beginning was quite difficult to be motivated and awake all day long with nobody controlling me, but with time passing, I found my ways to increase my working proficiency.

I started working in cryptocurrencies while I was still working as a Project engineer in a big company in the north of Italy. At the beginning of March 2016, I decided to move on, resign and build my own business. I was driven by one of the two big forces that usually lead people to do that: INSPIRATION. Guess what is the other? Maybe you guessed: it’s DISPERATION.

So, if people start a business because they have dreams and ambition, they feel bright, enthusiastic, living their passions.
When people start a business, after a dismissal (for example), they need to do it so they are in necessity. Necessity in things, work and business, is usually connected to a state of mind that is not always constructive and often people become greedy, anxious, and stressed.

It is not my intent to disrespect medical and health threats that we are facing in this moment, but I guess we all know them so I would like to focus on opportunities.
This moment made lots of people (employees and employers) understand that “smart working” may be not only a necessity but it can become an opportunity on a regular basis.
Could they understand it in the next few years, without finding themselves in this situation? Unfortunately, I do not believe it.

This is a great step forward even for companies, that through smart working can save money thanks to smaller offices, lower insurances costs for employee transportation between work and home.
Potentially, with an adequate incentive program, employees may be even more stimulated in working from home.  How many times the real sickness really prevent workers from going to work? With the correct incentive workers would be stimulated in working from home.

What role do cryptocurrencies play in this moment?

1 – People using cryptocurrencies or working in the financial area on an average basis are readier to use technology, to setup telematic appointments and create new partnerships via web.

2 – Cryptocurrencies are digital money, so they cannot be contaminated by biological viruses.

3 – Cryptocurrencies are provided in a limited amount (especially Bitcoin), so they do not directly suffer the inflation, helicopter money or quantitative easing. Of course, their price will continue to be volatile, but their value can maintain a better stability than fiat currencies.

In my opinion, Bitcoin is not ready to be considered a Store of Value, but I see some promising basis.
Gold is now considered a Store of Value because for centuries there was a Gold Standard all over the world. Gold was used as the parameter for the price and evaluation of other metals, and until 1971 all countries could have a circulating maximum amount of money equal to the Gold reserves owned.

In a recent article, a read an eloquent title: “Personal data are the new gold”. Have you ever received a call from someone trying to sell you a service you have never used before? How did he get your contact and information?
Our data are continuously sold from company to company and they have already become an asset.
Since Blockchain is used to contain data, and Bitcoin is the reward for the validation of these data contained into the blocks, in my humble opinion Bitcoin is developing strength to become a new version of Gold. Not exactly the Digital Gold, but the Gold of the Digital Era.

So, when lots of people asks me about how to protect their money in this moment of crisis, I never suggest them to go all-in in Bitcoin. I suggest them at first to take a deep breath, and then to understand how they want to allocate their own money. Once they find a solution with their own forces, my job is just to start teaching them how to buy Bitcoin and how to trade it!

By Michele Zilocchi, Engineer by education, Serial Entrepreneur by skills and passionate Cryptocurrency Book Author, Daily Trader, Business Advisor +5 Blockchain Startups Advisor

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