You can invest in cryptocurrencies
One of the reasons why cryptocurrencies have become such a hot topic is because of the volatility (price fluctuation).
Bitcoin was $1,000 in January 2017, but by the end of the year, the price had risen to $20,000.
It then exceeded $60,000 by April 2021.
This has made it a very popular investment option.
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You can make a living with cryptocurrency
Since cryptocurrency is a currency in itself, it can be used for payment in various situations.
For example, some electronics stores accept bitcoin payments, so you can buy electronics with bitcoin.
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Overseas remittance fees can be dramatically reduced
It is hard to realize this when you are in a developed country, but there are many families in developing countries that live by sending their earnings from overseas to their parents' home.
However, the current high cost of overseas remittance fees has reduced this valuable income.
With cryptocurrencies, it is possible to send money anytime, anywhere, regardless of location or distance, with very low fees.
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