Peter Bush

Jan 13, 2025 | umgc.edu | Peter Bush

Cryptocurrencies offer several impressive benefits. Unlike traditional banking systems, they allow for fast, low-cost transactions across borders, which can often be slow and costly. They are decentralized, meaning no single entity—such as a government or central bank—can control them. This decentralization is appealing to many people who are anxious and concerned about inflation or government interference. However, with these advantages come significant challenges.