How cryptocurrency breaks tradition – three examples

The rise of the cryptocurrency has changed a lot. The new financial instrument has become a serious competitor to traditional money. We suggest you consider these three examples that prove that digital assets can break tradition. New Investment Trend In 2015, the news that a large company invested some of its capital in Bitcoin (BTC) would have shocked the public. But in 2021, such news will not surprise anyone. Many companies have already invested in digital assets. For example, in February 2021, Tesla bought $1.5 billion worth of Bitcoin, the world's largest cryptocurrency. Other big companies in the blue-chip club have also become BTC investors, including MicroStrategy, MassMutual, Altshuler Shaham, Meitu, Nexon, and MercadoLibre. Many companies say they bought Bitcoin because they wanted to store their money in a digital asset. The logic can be explained as follows. With the onset of the Covid-19 pandemic, the US began implementing a policy of quantitative easing, and many other countries followed suit. As a result, large amounts of extra cash are printed and poured into the economy, flooding the market with money. While this has a stabilizing effect on the economy, the artificial increase in the money supply causes the value of money to decrease. Bitcoin supply is strictly limited – in total about 21 million BTC will be issued. Restrictions on the issuance of cryptocurrencies have a positive effect on its value. Bitcoin's price is also supported by halvings that halve the rate at which bitcoins can be mined. Such features support the growth of the value of the cryptocurrency by creating a rare supply. The table below shows the speed of Bitcoin mining. Source: Blockchain.com For many companies, Bitcoin has thus become not only a means of making money, but also a way to protect savings during a crisis. Payment Method – Version 2.0 Cryptocurrencies leap second with increasing popularity

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