Cryptocurrency offers users a few benefits that traditional forms of currency can’t provide.
Some of cryptocurrency’s benefits include the following, though the currency’s uncertain future and the likelihood of changes may ultimately affect its benefits.
Potential insulation from geopolitical risk. When factors such as war, internal politics, or natural disasters shake nations, currencies generally dip for an undetermined amount of time. Because cryptocurrency runs on a decentralized, peer-to-peer, censorship-resistant network, these geopolitical risks may not be able to derail its value.
Potential insulation from traditional monetary regulations. Unlike the dollar, which has been the risk-free rated asset for a long time, monetary inflation, seizure, or confiscation hasn’t subjected Bitcoin to the same rigors.
Potential access to new demographic groups and regions
Provide resources to impacted geographic regions without going through the central banking system.