Cryptocurrencies have proven themselves to be worthy investments. Some are growing at rates of 1000% or more, causing many people, who otherwise would be completely uninterested, to look to them as profitable investment options. And yes, they are. Stories of people who became millionaires after buying small amounts of cryptocurrencies and holding on to them are becoming more and more common. But you already know this. If you have read this far on cryptocurrency and still want to know more, the odds are that you have already bought some.
There is so much more to cryptocurrency than its astronomically high growth. After all, there is the question of why it is growing so quickly, or even growing at all. At the end of the day, cryptocurrency only exists as a computer code that is exchanged between entities. So why does it have any value at all?
Maybe you have begun to ask these questions. If so, this audiobook is for you. It looks at some of the complex ways that cryptocurrencies not only fit into the modern economy but have actually created their own economy, one commonly referred to as the crypto-economy.
It begins by looking at some of the ways that cryptocurrencies are changing finance by presenting meaningful alternatives to traditional currencies, such as the dollar, which are sagging because of governmental mismanagement. Next, it looks at the question that nearly everyone with any knowledge of cryptocurrency seems to be asking today: Is cryptocurrency a bubble that is just waiting to pop? This book answers this question by looking at other economic bubbles that popped and showing how cryptocurrency is actually quite different. From there, it looks at how cryptocurrency has created its own economy that is actually truer to capitalist ideas than the version of capitalism at work today in many Western countries. The underlying tenets of capitalism are explained, as well as how the modern system actually does not resemble capitalism at all. Finally, it looks at how cryptocurrency will continue to affect the economy in the future. No one can know for certain how it will continue to grow and shape finance, but it has spawned its own movement that people aren’t keen to back out on.
This book is carefully thought out and well-researched to provide you with detailed information on economics and how cryptocurrency actually fits into classical economic models. It answers, from an economic perspective, the question of whether or not cryptocurrency is sustainable. Moreover, it looks at some of its long-term potentials, such as continuing to increase in value, making digital transfers cheaper, and even helping to rebuild broken economies in failed states like Syria, Iraq, and Somalia.