Enlarge imagecryptocurrency bitcoin bitcoin rate
Many compare cryptocurrency and fiat money, but they have practically nothing in common, except that their future is unknown.
Bitcoin Fiat currency
Not tied to the economy, depends only on supply and demand indicators, the rate is not stable Stability of the exchange rate in highly developed countries, official means of payment approved by the state
There is no physical shell It has a physical medium and is quoted electronically.
Transfers without intermediaries that cannot be cancelled Currency transfers between accounts are carried out by banks. Transactions can be disputed
Tied to the Internet, the release is generated by users which also guarantees the currency
Over the past five years, according to Forbes , the cryptocurrency has british indian ocean territory business email list grown significantly in price: if Bitcoin used to cost $605, then at the beginning of November 2021 its price is $66,000. In fact, the cryptocurrency has strengthened by 7,500%.
The price is affected by statements made by public figures. For example, the cryptocurrency gained financial weight after Elon Musk said that Tesla electric cars would be sold for bitcoins.
Fact of the day
In 2008, a circus monkey assembled an investment portfolio whose income after 10 years was higher than the income of any large Russian mutual fund.
Another fact
Types and Disadvantages of Fiat Currency
A distinction is made between actual and credit fiats. Actual money is the notes and coins we use every day, while credit fiats are the obligations of banks issued in the form of bills, checks or promissory notes.
