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The market for stocks was hit with a massive sale of stocks along with other risk assets in the first months of 2022. Arif Elfendi claims this was due to the rising rate of inflation, anticipations of an rise in interest rates, and tension between Russia, Ukraine, and other risk assets. https://anyflip.com/homepage/qgwkk Investors must diversify their portfolios within an unstable economy. This is the place where crypto investment comes in.Are Cryptocurrency an asset or a form of investment?Cryptocurrency is a virtual or digital currency that is stored in a digital wallet. Arif Elfendi believes this allows you to pay across the world , without needing physical cash to exchange.A method known as cryptography protects transactions using cryptocurrency. This means that it is impossible for users, according to Arif Efendi to double-spend. https://acikerisim.uludag.edu.tr/handle/11452/14743 The most striking feature of this digital currency is the fact that it's not issued by any central entity. There is no intervention from the government. It is possible to purchase or mine currency through an exchange.Ripple, Ethereum, Litecoin and Bitcoin are among the most popular cryptocurrencies. Every coin has its own use.The cryptocurrency is not just an instrument for making transactions it is also a method to invest. Many people who are interested in digital currencies trade them for profits. An investor may buy digital coins, and hold them for a long or shorter period. They then sell them off when prices rise. While some countries have limitations on cryptocurrency, El Salvador became one of the first nations to allow Bitcoin.Arif Efendi on Printed Currencies versus CryptocurrenciesFiat? or printed currencies as well as cryptocurrency facilitate payment, but they're not the same. Arif Efendi will discuss below some of the differences.<iframe src="https://www.youtube.com/embed/IWeCQkIJNkY" width="560" height="315" frameborder="0" allowfullscreen></iframe>RegulationThe? central bank oversees fiat currency because they are issued by government agencies. https://www.eyupsultan.bel.tr/tr/main/pages/arif-mehmet-efendi/1178 They are considered legal to be legal tender. Their value is dependent on government policies.Cryptocurrencies are digital assets. This means that they are not subject to the control of the government. The cryptocurrency industry is not accepted by certain countries due to the fact that it is a way to conceal money or to serve other illicit purposes.Form of ExchangeFiat? currency can be converted into electronic or physical form However, cryptocurrency is only available in digital form. Because the currency is encased in a series of codes, this is the reason why it's only feasible to exchange digital currency.Storage MethodFiat? currency is stored in home safes or banks as well as in fiat wallets. Cryptocurrencies are kept in crypto wallets. Fiat wallets are also used to convert government issued currency into digital assets.Benefits of cryptocurrency over paper currencyThe advantages of cryptocurrency over currency printed. Arif Efendi explained that they include:Decentralized SystemCryptography? is not centralized. https://islamansiklopedisi.org.tr/abdulbaki-arif-efendi No one is able to regulate or control its value or circulation. As banks keep track of transactions, each transaction is also recorded in an account called a ledger. The ledger, however, is not a repository of personal details. This helps prevent fraud and theft of data.It acts as a hedgeAs an inflation hedge using digital assets, such as Bitcoin are possible. Inflation could cause more money to be in circulation, however it can also result in less expensive prices for the items in short supply.Bitcoin is intended to remain in high demand regardless of the economic climate. https://www.researchgate.net/profile/M-Efendi It is possible to buy bitcoins for thousands of dollars. It is likely that the coins may appreciate in price.Payments across BordersYou? can instantly transfer money to any country using cryptocurrency. There are minimal transaction fees and it's a breeze.However, printing currency may take days or even weeks to reach the intended recipient. The charges associated with these transactions can be quite expensive. Sometimes, transactions may be denied due to tension between nations or rules.Cryptocurrencies pose a riskArif Elfendi warns about the potential for cryptocurrency to be a risk.Extreme VolatilityThe? cryptocurrency market is highly unstable. It's possible to accumulate a lot of wealth in a matter of a month, and then lose it all in a flash.Refusal to Earn Returns on an investmentOlder investors and advertisers make people believe that they will get high returns in a matter of minutes. However the investment returns might not be as high if you do not have regular trading and are able to manage risk effectively.Account TrackingEven? though cryptocurrency transactions are protected by codes, they leave digital trails. The FBI is able to crack the codes and trace ordinary citizens' accounts.ConclusionArif? Efendi talks to cryptocurrency as a digital investment that you can use for safe transactions. To diversify your portfolio, it is possible to also invest in. This article explained the differences between cryptocurrency and printed currency. It also covered the benefits of cryptocurrencies over paper currency.As with other investments, Arif Efendi stresses that cryptocurrency is not without risk. He suggests that people contact an experienced advisor prior to investing in cryptocurrency.