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Can cryptocurrencies help to preserve money?

  • Thread starter Thread starter Good-Person
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Good-Person

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Cryptocurrencies are modern creation. There are many people who have been taking advantage of cryptocurrencies in many ways. Cryptocurrencies could help preserve wealth and money. This is because now the cryptocurrency market is worth billions of dollars. So, how can it help preserve wealth?
 
cryptocurrencies can preserve wealth, but for that, logically they have to maintain their price or rise at the pace of inflation, that is, the market continues to rise, and for this, in the long term, they should become an asset that is not considered risky or even safe haven values as could be the case with Bitcoin, Which is hard but could happen in the future.
 
I don't quite get what you mean by "preserve money." Cryptocurrency is not just digital money, it is also assets just like stocks, mutual funds or ETFs. You can use it just like money and also to make an investment. Therefore, you will be able to build your wealth by investing in crypto. Crypto actually helps you to build wealth.
 
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