2023-03-07 20:00:14
Our "favorite" myths about cryptocurrency
Myth #1: Cryptocurrencies are a bubble
Fact: While the cryptocurrency market is volatile, there is no evidence to suggest that cryptocurrencies are a bubble. The past year has shown that most cryptocurrencies can be quite resilient to market fluctuations.
Myth #2: Crypto aren't backed by anything and have no intrinsic value
Fact: While cryptocurrencies are not backed by physical assets, they do have value based on their usefulness, scarcity, and market demand. And in some cases underlying technologies and ecosystems.
Myth #3: Cryptocurrencies are a fad that will soon fade away
Fact: Crypto are becoming more widely accepted and integrated into mainstream finance, and they are likely to play an important role in the global economy in the coming years.
Of course, we do not claim that there are no frauds and scammers in the crypto world. But if you put aside the myths, it can become a good tool for achieving goals.
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