Is Crypto good for small businesses?
As we know the crypto is gaining popularity very fast around the globe and every big corporate and company and even common people are investing in it, and even some countries are legalizing it as a method of exchange in the common market.
So the question arises is crypto good for small businesses?
My answer is No, because
1-The market of crypto is very unpredictable the prices go up and down by a very large margin.
2-The prices are controlled by some big players of crypto and they can manipulate as much as they want and no one is there to keep them in check.
3-Usually the small businesses use cash for their daily transaction and if they start using the crypto and if the prices go down for a large margin they can suffer a very great loss that could lead to the collapse of their business.
Now if the solution for this( according to my perspective)
1-Their should be a limit to how much they can sell or buy crypto so that their prices can’t be changed by a large margin.
2-Their has to be a government party that regulates all the prices and if anyone wants to manipulate the market they should be punished.
And lastly, I want to say that please think before investing in any place not only in the crypto.