Cryptocurrency 101
Jul 18, 2024•16 min
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Episode description
Cryptocurrency or digital currency is seemingly popular among investors worldwide for its decentralized nature. Backed up by blockchain technology and distributed ledgers, the distinct feature of cryptocurrency is that any centralized authority, such as banks or government, does not control it.
Cryptocurrencies are often seen as potential alternatives to fiat currencies, and people use them to diversify their portfolios. The global cryptocurrency market size is expected to grow from $910.3 million in 2021 to $1,902.5 million in 2028 at a CAGR (Compound Annual Growth Rate) of 11.1%
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