Why Cryptocurrency considered as danger for World Economy?

Cryptocurrencies are not inherently a danger to the world economy. However, they do present certain risks and challenges that need to be considered.

One of the main concerns with cryptocurrencies is their potential for use in illegal activities, such as money laundering and tax evasion, due to their anonymity and lack of regulation. This can have a negative impact on the stability of the global financial system.

Another concern is the potential for cryptocurrency to be used as a speculative investment, leading to market volatility and potential economic instability. Cryptocurrency prices are highly volatile and can fluctuate rapidly, which can result in large gains or losses for investors.

Additionally, the decentralization and lack of regulation of the cryptocurrency market can make it difficult for governments and regulatory bodies to monitor and control the market, which can lead to issues with fraud and cybersecurity.

Overall, while cryptocurrencies do have the potential to offer certain benefits, they also present significant risks and challenges that need to be carefully managed to ensure their impact on the world economy remains positive.