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Digital Currencies and Cryptocurrencies Transforming Financial Transactions and Investment Strategies

Parameshachari B D

Abstract


As mentioned by Amsyar (2020), in the world of finance, digital currencies and tokens are taking the place of stock exchanges. Cryptocurrencies have been used to conduct transactions in and out of the world since 2009, but only in this new form of financial transaction that has captured attention. Cryptocurrencies are becoming widespread use globally, taking advantage of emerging technology, which may be reflected in several measures to improve the global economy. It is an easy choice when trying to purchase shares in Bitcoin companies, currently the most significant Bitcoin holders in the world. As a result of these significant crypto bullshitting stocks, hundreds of cryptocurrencies are currently trending in the stock market. By purchasing and holding cryptocurrency as its own, the investor can keep a stake in the cryptocurrency by investing in the underlying assets or the cryptocurrency trading network. One of the most popular ways to use cryptocurrencies to invest is by purchasing them in large amounts. In many cases, these investments are called buy and hold investments, in which the investor holds the cryptocurrencies while purchasing underlying assets (Amsyar et al., 2020).

 


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References


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