Two recent studies are implying that cryptocurrencies like Bitcoin are not a good investment. Although Bitcoin has been considered a very high-risk investment, it became popular when its value reached almost U.S. $20,000 before 2017 ended.
Investing in cryptocurrency is worth considering nowadays simply because of its popularity and the digital asset market is steadily increasing. In Japan alone, many unsuspecting investors are becoming victims of fraudulent crypto investments, but there are ways they can do to prevent these unfortunate situations.
South Korean company, Shinil Group plans to introduce a gold bullion treasure-backed cryptocurrency after claiming they’ve determined the exact location of a huge Russian water vessel containing massive treasure, but some experts doubt its authenticity.
The Philippine government and financial institutions are considering to use the blockchain technology to allow more Filipinos to have access to financial services. Several fintech companies have already established their presence to groom the country as the next fintech hub in Asia.
Alternative coins or Altcoins are simply any digital currencies with a monetary value that’s way lower than the infamous Bitcoin. Thousands of Altcoins have already emerged in the market with hopes of beating the number one crypto and it’s important for investors not to be carried away by Altcoins’ popularity.