Cryptocurrency Investments & Economics Made Simple : Why It Matters And What You Can Do About It

Is it just a passing fad that will go down in history books as the biggest and longest lasting “tulip” festival in history? A major Ponzi scheme perhaps? No one wants to be the last holder of the bag, to be certain. And to it, they mean no one wants to hold something that is worth nothing.

If that is the case, there is a lot that needs to be reconciled when the first pizza sold for 10,000 Bitcoin which was just enough to pay for it back then but when converted to today’s terms, that would mean more than US$450m as of 1 March 2021. To top it off, if it is worth nothing, will criminals of the underworld use it for transacting illegal goods like drugs and weapons?
Bitcoin, being the progenitor of this new global currency space, has captured the attention of the world with its rise to prominence, especially during the COVID-19 pandemic, when its price soared more than 500%. Ethereum and other altcoins followed and some even gained greater momentum than Bitcoin during the first four months of 2021.