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The stock market experienced an massive sell-off in stocks and other risk assets, in the first quarter of 2022. Arif Efendi explains that this was due to the rise in inflation, expectations of a hike in interest rates, as well as the tension between Russia and Ukraine. Cryptocurrency can be a fantastic way to diversify your portfolios within an unstable economy.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 is of the opinion that this makes it simple to pay all over the world , without needing physical cash to exchange.The cryptography technique is used to secure transactions with cryptocurrency. According to Arif Efendi the researcher, this technique makes it difficult for users to make double-spends and create counterfeit.One of the most notable features of this currency digital is the fact that it's not issued by any central authority. https://srichakratechnologies.com/members/arif-efendivifg315/activity/218155/ This means that there is no interference from the government. https://maize-llama-fzmxqw.mystrikingly.com/blog/businessman-arif-efendi-on-crypto-investment It is possible to mine the currency or purchase at an exchange or broker.Ripple, Ethereum (Litecoin), Bitcoin and Ethereum are just a few of the popular cryptocurrencies. Each coin is unique.In addition to being a payment currency it is also an investment option. Many people are interested to trade digital coins for profit. Investors can purchase digital coins, and hold them for a long or shorter period. They then sell them to raise prices. While cryptocurrency is not a legal option in some nations, El Salvador was to become the first country with an official intention to utilize Bitcoin .Arif Efendi on Printed Currencies versus CryptocurrenciesAlthough? cryptocurrencies and fiat currency can both be used to facilitate payments, they do not work exactly the same. Arif Efendi discusses below some of the distinctions.RegulationThe? central bank regulates fiat currencies since they are issued by the government. They are also considered legal tender. However, they could be devalued over time because of the policies of governments.Cryptocurrencies, or digital assets that are not centralized and are referred to as cryptocurrency. They are, therefore, free from the oversight of governments. Certain countries do not approve of the use of crypto since they assume that it is used for money laundering as well as other criminal activities. https://imvo.org/members/arif-efendimnhu929/activity/122978/ Form of ExchangeFift? currency can be exchanged electronically or in physical form. Cryptocurrency can only however be exchanged electronically. Since the currency is encoded with a series codes that cannot be exchanged in either physical or electronic forms.Storage MethodFiat? currency can be kept in safes in banks, at home, or in fiat wallets. Cryptocurrencies are stored in crypto wallets. Fiat wallets are also an option to convert the currency of the government into digital assets.Benefits of cryptocurrencies over printed CurrenciesThe? cryptocurrency is an excellent alternative to printing currency. Arif Efendi claimed that they have the following benefits:Decentralized SystemCryptography? is not centralized. It is impossible to regulate or control its value or circulation. Every transaction is recorded in an account in the same way that banks track transactions. The ledger does not contain personal information. This helps protect against data fraud as well as data security breaches.It's Used As A HedgeYou? can use digital assets such as Bitcoin to hedge against inflation. Inflation occurs when there will be more money, but it will also mean that items with less value will cost more.Bitcoin is designed to be scarce regardless of economic conditions. You can buy bitcoins for hundreds of dollars. There is a good likelihood that the coins will increase in value.Payments across BordersYou? can transfer cash in seconds to anyone in the world using cryptocurrency. https://ppgmap.com/members/arif-efendiwpfx632/activity/112998/ The transaction fees are minimal and the process is simple.However, printing currency could take days, or weeks to arrive at the intended recipient. https://penzu.com/p/a0810f5592d19cd6 In addition they are subject to significant costs. Certain transactions may be denied due to tensions between different countries, laws or sanctions.There are risks when using cryptocurrenciesAccording to Arif Efendi There are risks when the use of cryptocurrency.Extreme VolatilityThe? volatility of cryptocurrency can be extremely high. It is possible to build a lot of wealth in just months, and go through it all quickly.Don't put off getting results from your investmentOlder investors and advertisers believe that new investors are able to earn high yields right away. It is possible to earn lower returns on your investments if there has been consistent trading throughout the years and you've managed your risks well.Account trackingAlthough crypto transactions are secured with encryption, they still leave digital tracks. The FBI can read these codes and monitor accounts of common citizens.ConclusionArif? Efendi speaks about cryptocurrency as a type of digital currency which can be used to make secure transactions. https://diigo.com/0tuxyj It is also possible to consider investing in cryptocurrency to diversify your portfolio. This article examined the differences between cryptocurrencies and printed currencies. It also discussed the advantages of crypto-money over paper currency.Arif Efendi emphasizes that cryptocurrency is similar to any other investment. He recommends people to consult an expert prior to investing.