Why Do Cryptocurrencies and Bitcoin Matter?

Cryptocurrency technology has the power to disrupt many industries. Bitcoin has the potential to replace cash to become the global reserve currency. However, many cryptocurrencies could just as easily go to zero.

Until each token provides utility, crypto remains primarily a speculative asset class with enormous potential. Over time, as each asset’s technology matures and adoption takes place, the network effect of each and their valuations will grow.

Bitcoin began as peer-to-peer electronic cash, but has become more of a store of value than a payment currency. While it is possible and even recommended to use Bitcoin for payments, more crypto investors and enthusiasts choose to hold Bitcoin or other cryptocurrencies as an investment vehicle.

Cryptocurrency’s use as an anti-correlated, or uncorrelated asset can help to diversity and even derisk a portfolio.

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