The future holds vast possibilities for cryptocurrency. The interest of individuals, institutional investors and giant companies is to trade for profit, with speculators at times driving prices skyward. Today, we have Ethan Turer, author of "The Next Gold Rush: How Cryptocurrency Will Change Everything" with us to talk about cryptocurrency trends, its future and tips for beginners that can help them make informed choices.
- Cryptocurrency is the proof of concept of Blockchain technology. Every cryptocurrency like Ethereum is an advanced model of Bitcoin and a different way to gain profit.
- Institutional investors & giant companies have started investing in cryptocurrencies and this heavily influenced the value of the individual currency.
- The cryptocurrency system is not tied to any nation or governmental authority controlling it, unlike the US dollar, causing it to be the deflation currency in the near future.
- Social currencies are the future of cryptocurrency. Everyone can have their own currencies like individuals, banks, companies etc. Being able to create your own currencies and control the value of those currencies is revolutionary.
This episode is hosted by Amna Omer, Global Communications Manager, Tkxel.