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Feb 28, 2024

Pros and Cons of Investing in Cryptocurrency

By: Bhumi Shrivastava

Cryptocurrencies offer protection against inflation due to their capped supply.

Inflation Hedge

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Pros

No single entity controls cryptocurrencies, ensuring financial freedom.

Decentralization

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Pros

Lower fees compared to traditional banking for international transactions.

Reduced Transaction Costs

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Pros

Cryptocurrencies are available 24/7, breaking geographical barriers.

Accessibility and Convenience

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Pros

Prices can fluctuate dramatically, making investments unpredictable.

Volatility

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Cons

Once a transaction is made, it cannot be reversed, leading to potential losses.

Irreversible Transactions

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Cons

Lack of uniform regulations creates ambiguity and legal risks for investors.

Regulatory Uncertainty

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Cons

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