Cryptocurrency is a new kind of internet money. You can use it to buy things online, and you can send it instantly to other users anywhere in the world, at very low cost, needing nothing more than a smartphone and an internet connection.
Cryptocurrency can be cheaper and more convenient than many existing services like Paypal or Transferwise, if – for example – you regularly send money overseas. Several million people are actively using it today for that purpose.
Worthwhile as that is, it isn’t what’s drawing people’s attention
As well as functioning as a new type of internet money, cryptocurrency is also a very popular form of investment, with eye-popping long-term appreciation.
€60,000,000
What €1 invested in 2009 in Bitcoin is worth in 2021Newcomers to cryptocurrency find this aspect very confusing. How can this new internet money, which can’t even be touched, be so valuable?
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