Yet Another(Booming) Asset Class!!!
Hey There, So in my last blog I tried to cover the habit of investing, which we all should inculcate. If you haven't read it already, go check that out and come back once done! :) Link to previous blog: https://paradiseofanintrovert.blogspot.com/2021/09/personal-finance-saving-vs-investing.html There was one asset class which was not added in that list, though! Which one is it, you ask?? Well, it is the booming one!!! About which there's a lot of buzzzzzword these days!! Hack yeah, it is Cryptocurrency!! So, let's get straight into it! According to Investopedia, it is: "A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers." You can read more on here: https://www.investopedia.com/terms/c/cryptocurrency.asp Now, let's tr...