Cryptocurrencies are the hottest talk of the town these days and they are everywhere. However, like every new innovation or discovery, there are certain myths that surround cryptocurrencies. Ronish Baxter , who is a cryptocurrency expert, sheds light on the top 5 myths related to cryptocurrency. Cryptocurrencies have no value There has always been a question about the value of cryptocurrencies. Sceptics never let the opportunity to ridicule investors for backing speculative, unregulated assets. But, the fact is that cryptos are global, borderless currencies that fluctuate based on supply and demand. Indeed, that it is cashless is why numerous supporters believe it is the future of finance. Considering that the general trend around the world is a move towards cashless societies, these digital assets are easily argued to be a far better store of wealth. Also cryptos can’t just be inflated away via quantitative easing like fiat currencies. Cryptos are used for criminal activities
Ronish Baxter is a certified cryptocurrency expert who offers an in-depth view of how it works and what are its future prospects. He has been studying closely the effects of cryptocurrency and keeps himself up to date with the latest developments in the industry. He has also written different articles on cryptocurrency and has been involved with numerous bitcoin initiatives and organizations.