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    Crypto ABC - Why are cryptocurrencies so popular?

    WikiFX   |   2021/1/12 7:36:41
    Abstract：Cryptocurrencies appeal to their supporters for a variety of reasons.
    FS.PNG

    　　Cryptocurrencies appeal to their supporters for a variety of reasons. Here are some of the most popular:

    • 　　Supporters see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable

    • 　　Some supporters like the fact that cryptocurrency removes central banks from managing the money supply, since over time these banks tend to reduce the value of money via inflation

    • 　　Other supporters like the technology behind cryptocurrencies, the blockchain, because its a decentralized processing and recording system and can be more secure than traditional payment systems

    • 　　Some speculators like cryptocurrencies because they're going up in value and have no interest in the currencies' long-term acceptance as a way to move money

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