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A closer look reveals that cryptocurrency has firmly established itself as a vital component of the global financial ecosystem, not only for retail investors but also for institutions. Many countries have adopted crypto as an investment instrument or reserve fund. Cryptocurrencies not only offer a decentralized financial mechanism but also provide investors with the opportunity to diversify their portfolios, especially for long-term investments. The extremely limited supply of Bitcoin makes its value increase over time, and its deflationary mechanism occurs automatically every four years.
Cryptocurrencies, or stablecoins, are chosen by migrant workers to send money to their families back home, especially in areas with limited access to banking. However, the drastic increase in crypto use in developing countries could negatively impact their financial circulation. Furthermore, crypto can also be misused for illegal activities, requiring governments to establish regulations to prevent criminal activity.
Cryptocurrencies, or stablecoins, are chosen by migrant workers to send money to their families back home, especially in areas with limited access to banking. However, the drastic increase in crypto use in developing countries could negatively impact their financial circulation. Furthermore, crypto can also be misused for illegal activities, requiring governments to establish regulations to prevent criminal activity.