As art can affect the cost of cryptocurrency

The cryptocurrency from its first appearance has caused many controversy involving specialists in the king of finance to cross-border citizens. Many propheted her involvement in financial pyramids in the nearest years, but the coins appear increasingly and the cost constantly grows. The most interesting for observers was a rather notable dependency on the cryptocurrency course from news, even tweets from famous people.



What affects the oscillation of the course
News of cryptocurrency can increase significantly and completely overthrow the cost of cryptocurrency. This is not only a message about selling or buying a large number of coins. The market is currently expected to grow a course of some cryptomonets on the background of news from one of the most mysterious masters of contemporary - Banksey. Already his second painting, he plans to sell a auction that will be held in Hong Kong. To make ponds and calculate the lot can be one of the two most popular cryptocurrency:

• BTC is the first and most expensive cryptocurrency in the world, bitcoin;
• ETH is an etherium, the second most popular, in circulation since 2015.

This would be the first sale of the artwork in Asia with this method of computing, the preliminary work was one of the Sotheby's world auction lots.



What is the sum of the language
The cost of the work is estimated at a rather round sum, at least $2.8 million. The price is expected to increase to 4.1 million. "Laugh Now Panel A". However, the growth can be larger, typically the work of the master cost more than 10 million. The most expensive work left the auction for 23 million, thereby exceeding the initial rate of 5 times. In this case, the artist broke his own record—the previous painting was 12 million.



Other work related to digital assets
In general, cryptoactive art has become a tradition:

• The previous work, called "Love Is in the Air", was sold for cryptocurrency in May 2021. The cost of trade was $12.9 million. Coinbase cryptocurrency was involved in calculations with the U.S. headquarters;
• Another of Banxi's work, "Morons (White)," is also known for being the first time in history being converted to digital assets. After her own painting was burned in a live air, it exists only as a token. This took place in March 2021;
• Sotheby's was offered to their NFT token buyers associated with an anonymous master working under the PAK pseudonym. But for the first time, trades associated with digital assets are held in Asia, Hong Kong, one of the few regions where cryptocurrency is supported and respected.

The goal of the event in Hong Kong
This measure aims to attract Asia's attention to cryptocurrency as a fairly reliable means of payment, because the region has not so many countries in general developed legislation governing digital assets. For example, China generally banned its citizens any cryptocurrency operations, although five more were the most popular cryptocurrency. As previous experience shows, such news usually leads to cryptocurrency growth as a consequence of increasing interest in it. Thus, even art is able to influence such economic phenomena as a course of digital assets and the cost of stocks, especially if it is about the creation of such non-ordinary personalities like Banksey.