Cryptocurrencies are once again under the scrutiny of financial experts. With the prices of Bitcoin surging since the beginning of the year, both institutional and retail investors are crowding the crypto markets to purchase bitcoin for its profit potential.
However, only a small number of these investors really understand why cryptocurrencies are such a revolutionary concept. In this article, we will explore how the crypto market impacts the global financial economy.
To this end, we will explore the benefits of the original cryptocurrency, Bitcoin. We will also touch upon altcoins and how their use can revolutionize the financial world as we know it.
Bitcoin is the first cryptocurrency that was introduced to the public. Its creator, the mysterious Satoshi Nakamoto, imagined this digital asset as the answer to our failing financial system.
He felt that governments and…