YUSRA GLOBAL News and Updates
The advantages of cryptocurrencies and their enormous inherent potential are widely known. We have already talked about these benefits, as well as about how they guarantee the long-term profitability of cryptocurrencies. But will these advantages be enough for cryptocurrencies to completely replace fiat money over time?
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Short-term and medium-term forecasts of the cryptocurrency market behavior and the rates of individual currencies are an extremely thankless duty. And not only may the market collapse be sudden for analysts, but also its continued growth. For example, in the fall of 2020, experts expected that December 2017 was at the edge of repeating with a sharp collapse of the Bitcoin exchange rate, and then of the entire market. However, instead, a new round of growth began and a new crypto rally overshadowed all previous ones. This happened due to an unexpected burst of the interest of institutional investors in cryptocurrencies beginning to actively buy digital assets.
Cryptocurrencies have already experienced several ups and downs of the crypto market, but they still remain the most profitable legal asset. No other investment area can compare to cryptocurrencies in terms of profitability. Which begs the question – why? Is the profitability of crypto investments related to some of their features, or is it all about “conspiracy of speculators”?
Nowadays, almost all monetary transactions (especially when it comes to significant amounts) have switched to a non-cash format. But if “ordinary” money now also present “groups of online numbers”, then why do we need cryptocurrencies?