Cryptocurrency is volatile. Prices can drop and rise at any moment because a central authority does not back crypto. The market demand determines prices, and there is no government to “bailout” cryptos to prevent collapse. Enter fiat-backed stablecoins. These could be considered the best of both worlds. Fiat currencies back Digital currencies, which keeps the […]
Cryptocurrencies and fiat are similar because they are both primarily used to make payments and are a means of exchange for goods and services. There are, however, a lot of differences. Cryptocurrencies have several advantages over fiat. There are thousands of cryptocurrencies in existence today, but we will focus on bitcoin since it was the […]
A financial crash and recession could be the catalyst needed for crypto to become mainstream. Bitcoin was borne out of the last recession for this reason. It’s a decentralized currency that isn’t controlled by the government or big banks.