From Volatility to Value: Educating the Public on Crypto as an Investment

As a long-time crypto enthusiast and CFO alike, there is a common opinion in the general public that I’ve come across more times than I can count - that crypto is a scam, a fad that is destined to collapse at any given moment. Yet, it has been about 15 years since the introduction of cryptocurrencies and it’s an industry that’s still going strong. In fact, it is one of the most rapidly developing fields, with entire companies and even governments adapting their systems to run on blockchain. So why is it still up to debate whether crypto’s legitimacy should be acknowledged - and how should this issue be tackled when educating the public?

I’ll share some of my ideas below.

Volatility: The Double-Edged Sword

One of the major factors that scares people away and makes them think of crypto as something untrustworthy is its volatility. As recently as after the US elections when Bitcoin soared to unprecedented value people were saying that like a traditional financial bubble, it was on the verge of bursting. First of all, however, it’s important to remember that such swings are indicative of a young market still finding its feet, not unlike the internet nearly 30 years ago. 

Secondly, mechanisms have been put in place to prevent any such major collapse. In the case of Bitcoin, for example, only a finite amount of Bitcoin exists, which means that it is highly unlikely to ever experience inflation. Additionally, Bitcoin has a halving event that occurs once every four years to ensure that the value of the currency is under control. As such, it’s important to be able to educate the audiences on such mechanisms - after all, so many influential people and governments wouldn’t invest in something that’s on the verge of collapse. That’s what we plan on prioritizing at the Nordom Exchange.

Strategic Approach Over Pure Luck

There is another pervading idea that the cryptosphere is not unlike gambling - you might get lucky or you might not with not many additional factors. But the truth is that there are strategies that can significantly increase the potential of your investments to bring in returns tenfold - just not immediately.

Any good strategy avoids overnight gains and focuses on long-term benefits. Diversifying portfolios, mitigating risks, and doing consistent research are just some of the must-dos for any investor who wants to make it big in crypto. Thus, by framing crypto as part of a broader investment strategy, we move it from a gamble to a deliberate choice.

Building Trust Through Transparency

Another important barrier that needs to be overcome in the general public is trust. When something is new and unfamiliar, it is only logical that users would need full guidance and transparency along the way. We’ve made it our mission at Nordom, for example, to shape the exchange around the user in a way that they are clear about what services they are offered and how much it will cost them with no hidden agenda or fees, explaining all of the processes and jargon along the way. Nordom seeks to empower newcomers rather than overwhelm them to the point of analysis paralysis, hence such an emphasis on transparency.

Crypto as Part of The Bigger Picture

Ultimately, the goal is to show that crypto isn’t just a new way of investing your resources but also a way of supporting a larger systematic shift towards decentralized technology and financial inclusion. It’s a field that values innovation, particularly when it generates opportunities for people who’ve historically been excluded from traditional financial systems. That is precisely why Nordom has chosen the role of a guide through the crypto world, to demonstrate this statement in practice.

Wrapping Up

In conclusion, the best way to prevent the spread of disinformation is to battle it with knowledge and education, the spreading of which we can all contribute to. It’s a continuous journey, and we’re learning just as much as we’re teaching, but crypto values itself as a community, which is why sharing experiences and insights is so important - which is why I will continue doing it in the future.