Impact of Cryptocurrencies on the Country’s Economy

Cryptocurrencies, just like official money, have the function of a store of value. This popularity is explained by the desire of investors to expand the number of their investment assets, which do not have a direct correlation with each other, especially during the financial crisis. The instability of national currencies encourages investing in cryptocurrencies to protect them from external factors that can affect the exchange rate of official currencies.

Influence on Money Circulation

Cryptocurrencies can be converted into real money. Many electronic exchanges offer quotes for cryptocurrencies and transfer systems that ensure their movement. read more