INVESTMENTS IN BLOCKCHAIN AND ITS RELATIONSHIP WITH THE COST OF LIVING

Latin America has become the headquarters of investments in blockchain, mainly on the island of Puerto Rico, where more and more investors are in search of remuneration provided by the government; this aspect could cause an imbalance in the cost of living of the inhabitants. Continue reading to learn more in depth about the safety factors to consider before investing in any NFT project.

The aspects that would be affected the most are housing rentals and the purchase and sale of the same, raising their costs significantly due to the great demand on the part of investors. As a result, more information enters Bitcoin-Prime trading system.

The prices of the properties would rise by more than 40% due to the presence of people with greater purchasing power than the island’s inhabitants, affecting the lower and middle class of Puerto Rican society.

Puerto Rico to become the headquarters of blockchain

As is already known, blockchain technology is based on creating a record of the information about each transaction made with cryptocurrencies such as Bitcoin and other digital currencies that implement this technology.

This technology has managed to capture the attention of many worldwide; one of them is Puerto Rico, a Latin American island that may become the new base for blockchain investments and operations, which could be somewhat controversial since it would be the cause of the increase in all things both essential and optional.

The residents must be aware of the consequences if this transformation occurs due to investors and their operations on the island. Although however, economic growth would indeed skyrocket, and the increase in quality costs is imminent. of life.

Many business people have migrated from California to Puerto Rico to reduce costs in their lifestyle, which is vanishing with the presence of investors in blockchain technology in the country, even paying higher amounts for more fiscal taxes.

A Latin American island capable of hosting investors

Puerto Rico is an entity to become an intelligent and sustainable geographical space, with state-of-the-art technology, renewable energies, electric cars, and many other advances which favor the blockchain investments that are taking place.

This population has the necessary preparation to operate with the international and digital markets, in which the investors who are presenting themselves will develop to eradicate themselves on the island and promote the economy.

It has been proposed to the government to take action concerning maintaining a balance between economic growth and social welfare, preserving the rights to the basic needs of the inhabitants without being affected in the economic sphere by high rates of inflation, mainly in the purchase of homes.

Training of the population in blockchain technology

Pressured by the presence of investors, many young people are forced to take the initiative to learn about block technology and thus be able to be competitive when wanting to be part of the world.

The arrival of these influential businessmen on the island arouses the interest of all those who have always been interested in being part of blockchain investments, hoping to obtain better economic incentives and the necessary knowledge for development in the markets of Cryptocurrencies.

It opens the population to constant interaction with technology, with basic knowledge about cryptocurrencies. However, this world is vast, and it is necessary to be informed almost daily about the events of its values and environments.

Conclusion

Technological investments such as blockchain represent much progress for the nation possessing them. Still, they are also the cause of some disadvantages that can significantly affect the stability of society and its way of life.

Latin American countries are all implementing cryptocurrencies to end the inflationary crisis that the official currencies of each one of them and their economy are experiencing, respectively.

Puerto Rico could become a nation where digital currencies and blockchain technology take over the economic system in general after agreements with the government that favor the financial and social balance of the population in general.

This aspect is pursued in many other countries where blockchain technology is entirely accepted, thanks to the benefits it has provided to users who already know about it and operate with it to obtain the benefits only cryptocurrencies offer and the chain of blocks.