Cryptocurrencies: Moving towards a brighter future

Cryptocurrencies are viewed as a financial phenomenon and are also deemed unstable.

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Cryptocurrencies are viewed as a financial phenomenon and are also deemed unstable. People who invested in Bitcoin in 2009 are earning millions of dollars in return today. Although the people who received the gigantic amount have nothing to complaint about, others think this enormous return is a proof of the currency’s volatility. If it boomed fast, wouldn’t it deflate faster? Arguably, currency needs to be a stable commodity. However, stability is not a term that can be attached to cryptocurrencies today. The future is brighter, though. Recent developments show great promise for a stable crypto-market. The New York Stock Exchange is attempting to develop a trading platform for cryptocurrencies. The platform will allow traders to exchange digital currencies in the...

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