Why crypto is an asset class that cannot be ignored?
cryptocurrencies has sparked immense interest and debate worldwide. From Bitcoin to Ethereum, these digital currencies have not only challenged traditional notions of money but have also emerged as a new asset class with significant investment potential. In a recent live stream session on ETMarkets, Sathvik Vishwanath, Co-Founder & CEO of Unocoin, delved into the reasons why cryptocurrencies are becoming increasingly indispensable as an asset class.
Evolution of Money: From Barter to Cryptocurrencies
Vishwanath initiated the discussion by tracing the evolution of money, highlighting how societies progressed from the primitive barter system to the adoption of precious metals like gold and silver as mediums of exchange. Despite their intrinsic value, these metals posed challenges in terms of portability and scalability. The transition to fiat currency brought convenience but also introduced issues such as inflation and centralization.
The Emergence of Cryptocurrencies
In 2009, Satoshi Nakamoto introduced Bitcoin, heralding the era of digital currencies. Unlike its predecessors, Bitcoin was decentralized and operated on an innovative blockchain technology, offering security and transparency. Today, cryptocurrencies encompass a
Read more on economictimes.indiatimes.com
