What are the advantages and disadvantages of cryptocurrencies in the national and personal economy?
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In personal economy can be an advantage for those people that don't have access to a Traditional Finances. If they do properly and play safe (DCA to Bitcoin) can have a big return in their investment, even better than in TradFi.
National economy in this moment is like a unexplored territory.
Thank you very much for your response.
I consider that it is an element that should be well studied because, on a personal level, it is more or less clear, but for the economy it is something mysterious. That must be one of the reasons why they do not adopt this type of currency officially. Happy week. Cheers and greetings.
The unregulated and decentralized nature of cryptocurrency empower communities by allowing anyone, anywhere, to exchange stores of value without paying absurd interchange fees or following archaic global regulations.
However, the decentralization of crypto also means that it's a virtual wild west. While some people come to build and push the technology forward, there are many just looking for quick cash grabs through rugs, shoddy protocols / projects and low effort NFTs.