- It’s often associated with shady dark web transactions, but that’s not necessarily true. You can’t counterfeit it, so it’s a good exchange medium, theoretically good around the world, but the currency risk remains, since the value fluctuates wildly.
- Bitcoin is the major crypto currency, but not every company has transactions in the $35,000 range, so where can you use it?
- Even Elon Musk joked on Saturday night live that cryptocurrency seemed to be a ‘hustle’, and if an opinion leader like Musk thinks that, crypto won’t get wide circulation.
- Crypto can be moved around without intermediaries, such as credit cards, banks and forex, so it is efficient.
- The list of businesses that allow payment in crypto is growing, but so far it’s limited to those who deal in high-priced goods. I can’t see going to my local Ace Hardware or Home Depot to use it for their goods.
- We’re not going to opine on the investment potential of crypto, because that’s not the focus of this blog.