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The market for stocks witnessed a huge sell-off of stocks and other risky assets in the beginning of 2022. Arif Efendi says that this was due to the rise in inflation, expectations of a increase in interest rates and tensions between Russia and Ukraine. A volatile economy means that investors must diversify their portfolios. This is where crypto investments come into the picture. Is Cryptocurrency a Currency or an Investment? Cryptocurrency is a virtual or digital currency that is stored in a digital wallet. Arif Efendi believes it allows for easier sending international payments without the need to exchange or carry physical cash. The process of cryptography secures transactions using cryptocurrency. It prevents double-spendor to make a fake, according to Arif Efendi. It is distinctive in that it is not issued or controlled by any central authority. This means that there is no government interference. You can earn the currency, and buy through an broker, exchange or another intermediary. Ripple, Ethereum and Litecoin are all popular cryptocurrencies. Each coin has its use. It can also be utilized to invest. https://www.theexeterdaily.co.uk/news/sport/arif-efendis-perspective-unrivaled-allure-uefa-games Digital coins are popular among investors who wish to earn profits. An investor can buy digital coins and then hold them for a greater or shorter time. Then, they sell at a time when prices increase. While cryptocurrency is not a legal option in some countries, El Salvador was to become the first country with the legal right to accept Bitcoin . https://find-and-update.company-information.service.gov.uk/company/11319774/filing-history Arif Efendi on Printed Currencies versus Cryptocurrencies Fiat or printed currencies and cryptocurrency facilitate payment, but they're not the same. Arif Efendi has a look at the differences between them. Regulation Since fiat currencies are issued by the government, the central bank regulates them. Arif Efendi They also have legal and legal tender. They can be affected by government policies as time passes. Cryptocurrencies are digital currencies that are not decentralized. They are, therefore, free from the oversight of government. Arif Efendi Certain countries are against the usage of crypto due to the fact that they assume that it is used to facilitate money laundering as well as other criminal actions. Form of Exchange While fiat currencies can be exchanged both electronically and physically, cryptocurrency can't be traded digitally. This is because cryptocurrency is embedded within an array of codes. Storage Method Fiat currency can be stored in safes at home, banks, and fiat wallets. The cryptocurrency should be stored in digital wallets. Fiat wallets also serve as the means to convert government-issued currency to digital assets. Advantages Cryptocurrencies have over printed Currencies Cryptocurrency offers a lot of advantages over printed currencies. Arif Elfendi has said that the benefits have these advantages: Decentralized System Crypto is an open system. Therefore, nobody can control its value or circulation. Every transaction is recorded on a ledger, just like banks do. The ledger does not divulge any personal data. This stops data breaches and fraud. Serves as an Hedge Digital assets like Bitcoin to hedge against inflation. Inflation can result in more money in circulation, but cheaper things. Bitcoin is intended to remain unaffordable regardless of economic conditions. It is possible to purchase bitcoins for thousands of dollars. And there is a high possibility that the coins appreciate in value. Payments across Borders By using cryptocurrency, you can send money to people from other countries in a matter of seconds. The transaction fees are minimal and the process is hassle-free. It could take several weeks or days for printed currency to be delivered to the person who needs it. These transactions can be expensive due to the high costs. Your transaction might be refused in some cases because of tension between countries, sanctions or other regulations. Cryptocurrencies can be a source of risk According to Arif Efendi there are risks to be aware of when with using cryptocurrency. Extreme Volatility Cryptocurrency is a volatile asset. It's possible to accumulate lots of wealth in just months, and lose it all quickly. Do not delay in getting results from your investment Many beginners are misled by advertisers and older investors that they can instantly see great returns. But consistent trading and risk management are essential to maximize the returns you earn. Account tracking While cryptocurrency transactions can be locked with codes, digital trails remain. The FBI can monitor the accounts of common citizens and decipher the cryptographic codes. Conclusion Arif Efendi discusses cryptocurrency as a digital asset you can use to protect transactions. It can also be used to diversify your portfolio. This article will explain the distinctions between cryptocurrencies and printed currencies. The article also highlighted the advantages of crypto over paper currencies. Just like other investments, Arif Efendi stresses that cryptocurrency comes with its own risk. It is recommended that investors consult an expert prior to investing. https://kemenag.go.id/author/m-arif-efendi