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.