CRYPTOCURRENCY WILL COMPETE GOLD AS A SAFE HAVEN ASSET

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INTRODUCTION

2018, despite been a disappointment for cryptocurrencies, in particular, Bitcoin, the first half of 2019 is a successful period. Though Bitcoin faced a gradual decrease in the last year, the currency’s value is still the highest. Many investors and enterprises believe that Bitcoin and other cryptocurrencies will equal gold as a safe haven investment.

CRYPTOCURRENCY-A SAFE ASSET

Having loomed as a digital substitute to many exchange methods like cash and credit cards, cryptocurrencies have also generated alternate perspectives. Experts believe that in the future, the entire world will use cryptocurrency as the medium of transaction, while a few disagree with this fact.

ADVANTAGES OF CRYPTOCURRENCY

Crypto transactions are one-to-one things occurring on a peer-to-peer network structure, thus cutting out the interference of middlemen. The transactions proved to have superlative precision, less confusion, and greater liability.

Cryptocurrency contracts can be architectured to reduce the time and expense involved in asset transfers. They can include temporary endorsements, schedule transfers, and add a citation to outbound facts. Along with that, the cryptocurrency holder will have full control of their accounts.

Blockchain Firm is a leading cryptocurrency development company, offering different Cryptocurrency development services, ranging from creating coins to mining services to ICO development.


Cryptocurrencies need not follow a country’s imposing such as transfer rates, interest rates, transaction charges, or other tariffs. Using the Blockchain technology’s peer-to-peer mechanism, international transfers and transactions can be carried out without any obstacles.
 

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