2. Inflation Protection
Due to inflation, the value of many
currencies decline. Many folks see
cryptocurrency as offering protection
against inflation. Bitcoin has a hard cap
on the whole number of coins that will
ever be minted.
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3. Transactional Speed
If you wish to transfer money to your loved
ones for example, in the United States,
there are a few ways to move assets or
funds from one account to another very
quickly.
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4. Cost Effective Transactions
Cryptocurrencies can help transfer funds
globally. The transactional cost with the
help of cryptocurrency can be minimal
or zero.
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5. Diversity
Investments in cryptocurrency can generate
profits. The market has extended
immensely over the past decade. There is a
limited history of the price activity of the
cryptocurrency markets, so far they appear
unrelated to other markets like stocks or
bonds.
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