What is cryptocurrency? Is cryptocurrency a part of your investment strategy. We have simplified the complexity and hype surrounding cryptocurrency to help you understand the risks and benefits as well as the opportunities. Crypto tokens, which are virtual currencies, can be used to transact without the need for traditional centralized financial institutions or entities such as banks, stockbrokers, or exchanges. This decentralized financial (DeFi), system was created to make financial transactions more secure, transparent, private, accessible, and subject to fees and regulations.
Cryptocurrency is an investment strategy that is more risky than traditional stocks or currencies. The potential for a fast profit and a huge return on investment is great, but the same rules apply to the possibility of losing it all. Individual tokens and the entire crypto landscape can experience rapid price rises followed by sharp falls in value in just minutes or hours.