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11/23/2024 3:43:24 PM (GMT+1)

Why is cryptocurrency considered an alternative to gold?

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In recent years, cryptocurrencies have become an increasingly popular alternative to traditional assets such as gold. The main reason for this is the decentralized nature of digital currencies, which makes them less vulnerable to inflation and economic crises. Unlike gold, which is limited by physical quantity, cryptocurrencies can be created in unlimited amounts but with predefined parameters, such as a maximum number of coins. Moreover, cryptocurrencies allow for much faster and cheaper international transfers, making them attractive to investors.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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