Cryptocurrency in economic crisis
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Bitcoin and its crypto cousins hallmarks of Bitcoin and altcoins, system that, while secure, has money lacks today.
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Bitcoin vs Gold ????? 0 ??????????? - ??????????????? Michael Saylor ??? Frank Giustra EP.1We compare Bitcoin to three major fiat currencies (EUR, GBP, and JPY) using extreme dependence and risk spillover analysis with various financial markets. A bitcoin has value because it is able to be exchanged for and used in place of fiat currency, but it maintains a high exchange rate primarily because it is. Fiat money is legal tender, like the U.S. dollar, that lacks intrinsic value. Digital currency (cryptocurrency) derives its value from the native.