Why is online cryptocurrency becoming a threat to the dollar?
Economists say that cryptocurrency is the future, whenever it is recognized in the world, it will destroy even a strong currency like dollar.
The currency was created by a Japanese man in 2009 to introduce a currency of the digital world among the currencies of the world. When this currency was introduced, it was priced at ، 4.5. Reached a thousand dollars.
This currency is created with the help of commutator energy, it happens that for this currency you have to buy special commutators which will be controlled by someone else, for a certain period of time the commuter will run without shutting down and then a Bitcoin will be created by the commuter operator, named crypto because it is considered a very safe currency.
The dollar has ruled the world, no one knows which country is printing how much currency, there was a tradition in the past that the government could print as much currency as it was worth. But nowadays this tradition is over.
If the cryptocurrency is not owned by a single government, institution or country, then there is no risk of it being devalued. And has a complete record.
If someone forgets the password then understand that his wallet has been stolen, the cryptocurrency goes up and down like shares, its price is determined on the basis of supply and demand, the name of the popular currency in cryptocurrency is bitcoin. There are many other currencies but the most popular is the bitcoin.
The price of a bitcoin was ہزار 5,000 during the Corona virus crisis, now it has reached 42 42,000. Most of the money in this currency is invested by people who have that much money. If they have less space to spend then they invest in places where 5, 10 years is not a problem.
This currency is a threat to the dollar, which is why it is banned in many countries, it is not considered a regular currency, its flaws are being discovered, I myself am still studying it, as much as I According to him, this is the future.
There is no market for this currency in developing countries, no one can sell it even if they bring bitcoin, they have to go to international market to buy it, it is not recognized by developing countries yet, two years The FIA had earlier arrested the man who was dealing with such currency.
It will take a few years for this currency to be seen in developing countries, it is traded through online exchanges and in the present era the commissions of its traders have also increased tremendously.