Why are cryptocurrencies so popular? - Deepstash

Why are cryptocurrencies so popular?

Why are cryptocurrencies so popular?

Some of the reasons:

  • Some see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable
  • Some like the fact that cryptocurrency removes central banks from managing the money supply since over time these banks tend to reduce the value of money via inflation
  • Some like the technology behind cryptocurrencies, the blockchain, because it’s a decentralized processing and recording system and can be more secure than traditional payment systems
  • Some see them going up in value and have no interest in the currencies’ long-term acceptance as a way to move money

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