26/03/2023
Why cryptocurrency? Cryptocurrency is used for quick transfers between parties to store capital or invest. It has the same meaning as conventional currency. How much is cryptocurrency worth? According to Coinbase, the economic value of cryptocurrency, like all goods and services, is determined by supply and demand. Supply refers to how much cryptocurrency is available for purchase (how many bitcoins can be bought at any given time). Demand refers to people's desire to own it (how many people want to buy bitcoin and how badly they want it). The value of a cryptocurrency will always be a balance of these factors. For example, as of March 24, 2023, one Bitcoin was worth just over $28k (13 million tenge). Although cryptocurrencies have become an important financial instrument, investing and mining cryptocurrencies yourself is considered a risky venture. Before engaging in crypto, you should make sure you fully understand how it works, its pros and cons.
