What is cryptocurrency?
Cryptocurrency (or "crypto") is a form of payment that can flow without the need for a central monetary authority such as a government or a bank. Instead, cryptocurrencies are created using crypto techniques that allow people to buy, sell, or trade them securely.
Cryptocurrencies can be exchanged for goods and services, although they are often used as vehicles for investment. Cryptocurrency is also a key part of the functioning of some decentralized financial networks, where digital tokens are an important tool for carrying out transactions.
The most popular cryptocurrency, Bitcoin, has had a historically volatile price. In 2021, it hit a record high above $ 65,000 before falling back.
All of this leads to a big trend. Cryptocurrency once understood only among a relatively marginal community of anti-establishment investors, is now becoming a household name - and fast. Analysts estimate that the global cryptocurrency market will more than triple by 2030, reaching a valuation of nearly $ 5 billion. Whether or not they want to join it, investors, businesses and brands cannot ignore the rising tide of crypto for long.
