Why Cryptocurrency Is the Future of Money.

Cryptocurrency is a digital currency that enables transactions to be made without the interference of a central authority. Sounds complicated? It’s not! In this blog post, we break down the basics of cryptocurrency and show you why it is the future of money. 

What is cryptocurrency?

Cryptocurrency is one of the safest ways to store your money because it can’t be hacked like regular banks with brick and mortar buildings can (just look at what happened to JP Morgan earlier this year).

What are the risks of investing in cryptocurrency?

Some risks come with investing in anything—but there are also some particular risks that come with investing in cryptocurrencies like bitcoin (more on these below). One risk that applies to any type of investment is volatility—meaning how quickly the price fluctuates up or down within a short period of time. This could lead to huge losses if investments are not carefully monitored because it’s easy to miss out 

Why cryptocurrency is the future of money?

1) It functions as a store of value. 2) It functions as a unit of account.  3) It functions as a medium of exchange. These are the three main qualities that make up the money, according to economist David Graeber. 

It’s digital and decentralized

Cryptocurrency is digital and decentralized. This means it can’t be copied or faked. It’s kind of like the digital version of gold, which comes with a limited supply so there’s no way to produce more if you have some already. 

You can make investment

Unlike traditional currencies, cryptocurrencies are not tied to any country. This means that they can be used in any country without restrictions or conversion fees. 

Low risk of fraud

As mentioned before, cryptocurrency is decentralized and can’t be manipulated by any central authority. This means that it’s not possible to make fraudulent transactions because the system is so secure. When you use traditional banks, you have to trust that the bank has taken precautions to keep your money safe. 


Why Cryptocurrency Is the Future of Money. 

By Shailender Sharma