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What is the underlying value of cryptocurrencies?

avatarAakash SandalDec 27, 2021 · 3 years ago1 answers

What factors contribute to the underlying value of cryptocurrencies and how do they differ from traditional currencies?

What is the underlying value of cryptocurrencies?
Cryptocurrencies
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Underlying Value

1 answers

  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we believe that the underlying value of cryptocurrencies lies in their potential to disrupt traditional financial systems. Cryptocurrencies offer a decentralized and borderless form of finance, which can empower individuals and businesses. They provide financial inclusion to the unbanked and underbanked populations, and enable faster and cheaper cross-border transactions. Moreover, cryptocurrencies can serve as a hedge against inflation and political instability in certain countries. However, it's crucial to do thorough research and understand the risks involved before investing in cryptocurrencies.

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