Cryptocurrency is the Biggest Gold Rush in the Human History. These digital currencies have been said to be able to capture the world of online finance. With the blockchain technology behind it, the future of Cryptocurrency is showing a prosperous potential. Cryptocurrency is a digital version of money where the transactions are done online.
A cryptocurrency is a medium of exchange just like your normal everyday currency such as the USD, but designed for the purpose of exchanging digital information through a process known as cryptography.
WHY PEOPLE ARE BUYING CRYPTO CURRENCY:
- It’s HOT – No one knows how much a single bitcoin can be worth in the future.
- It’s Liquid – You can easily convert bitcoin into cash if you need it.
- It’s a Hedge against Market Uncertainty
- Bitcoins and other types of cryptocurrencies are separated from the traditional markets
- Cryptocurrencies have been the future of money since 2009. Now they’re a whole lot more.
- It is A Potentially Investment Vehicle, which May Garner Massive Returns
- It is Run through a Decentralized Network.
- Cryptocurrency Transaction Is Fast and Global. Transactions Are Propagated Immediately in The Network and are Confirmed Within Minutes.
- The Currencies are in Controlled Supply. Thus, there is a High Chance That The Value of the Currencies Appreciates Over Time.