Cryptocurrencies are fully digital currencies protected by cryptography. They can be transferred freely between individuals without the control or intermediation of governments and central banks.
Cryptocurrencies emerged to facilitate the exchange of value and to bring more financial freedom to people. Therefore, they can be used in transactions across the globe, offering advantages such as greater transparency, autonomy, and lower fees.
Advantages of investing in cryptocurrencies:
Unlike stocks, the price of crypto assets can vary significantly, which enhances the chances of appreciation and return on investment.
Especially when considering well-established cryptocurrencies in the market, such as Bitcoin, these assets can be considered very promising in the long term.
Factors such as favorable economic conditions for riskier assets, media attention, and large companies entering this market can spur cryptocurrency prices more suddenly.
In the long term, it's primarily the fundamentals of a cryptocurrency, its ability to develop its technology, and offer more utility to people that can contribute to its appreciation.
