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In the early months of 2022, the stock market saw an massive sell-off of stocks and other risk assets. Arif Efendi claims that this was due to the rise in inflation, expectations of a hike in interest rates, and the tension between Russia and Ukraine. Investing in crypto can be a fantastic way to diversify your portfolio in an unstable economy.Is 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 that this makes it simple to pay all over the world , without needing physical cash available to exchange.Cryptography is a technique of security which protects the transactions made with cryptocurrency. This prevents users, according to Arif Efendi, to make a double-spend.An outstanding feature of the digital currency is that it's not issued by any central body. This means it is not subject to government interference. You can mine the currency and then buy it at an exchange, broker or any other intermediary.<iframe src="https://www.youtube.com/embed/rYQgy8QDEBI" width="560" height="315" frameborder="0" allowfullscreen></iframe>Ripple, Ethereum (Litecoin), Bitcoin and Ethereum are only a few most well-known cryptocurrency. Each coin has distinct usages.Apart from being a currency for payment it is also an investment option. Digital coins are extremely popular with those who want to make a profit. Investors are able to purchase and keep the coins for a period of time, or sell them when they rise in price. Though some countries have restrictions on the use of crypto, El Salvador became the first country to adopt Bitcoin as a legally-enforceable trend.Arif Efendi on Printed Currencies versus CryptocurrenciesWhile? both fiat and cryptocurrency enable payments, they're different. Arif Efendi will explain the differences below.RegulationThe? central bank is responsible for regulating fiat currencies since they are issued by the government. They are legal tender. However, policies of the government can affect their value over time. https://businesscloud.co.uk/news/arif-efendi-answers-all-your-questions-about-cryptocurrency/ Cryptocurrencies can be described as digital assets that are decentralized. Because they are decentralized digital assets, they are able to be used with or without the permission of the government. Certain countries are against the use of crypto due to the fact that they think it's used to facilitate money laundering and other illegal activities.Exchange typeIt is possible to trade fiat currency in electronic and physical forms However, cryptocurrency can only be exchanged in digital form. Because it is embedded with a series codes and can't be exchanged in physical or electronic form. https://www.youtube.com/channel/UC88wbcqStE-yuh9ZGXgwTcw/videos Storage MethodFiat? currency can be kept in banks, safes at home, or even in fiat wallets. https://ventsmagazine.co.uk/arif-efendi-explains-how-crypto-is-used-in-the-football-industry/ Cryptocurrencies are kept in crypto wallets. Fiat wallets can also be used to convert government-issued currencies into digital assets.Advantages of Cryptocurrencies versus Print CurrenciesThe? advantages of crypto over printed currencies are many. Arif Efendi stated that they provide the following:Decentralized SystemCrypto? is built on an uncentralized system. It is not possible to control its flow or value. Every transaction is recorded on a ledger similar to how banks track transactions. It does not reveal any personal information. This helps protect against data fraud as well as data security breaches.It acts as a hedgeAs a hedge against inflation Digital assets like Bitcoin can be utilized. Inflation means that more money will be accessible however, it will also mean that more expensive goods are available.Bitcoin is created to be a rare coin regardless of the changes in the world economy. Many people will be able buy bitcoins using hundreds of dollars. There's also a great possibility that these coins will appreciate.Payments across BordersYou? can send money instantly to countries around the world using cryptocurrency. The transaction costs are minimal and the process is easy.In contrast, printed currency can take days or weeks to reach the recipient. Transactions like these can be costly due to the high costs. https://siet.ub.ac.id/info/staff/390eac2 Sometimes, transactions may be denied due to tension between different countries or the regulations.The Risks of Using CryptocurrenciesArif? Efendi lists some of the risks that could be associated with using cryptocurrency.Extreme VolatilityIt?'s extremely unstable. It is possible to accumulate a significant amount of wealth in just a few months only to lose it all in a single day.Be sure to avoid delays in earning returns on investmentInvestors who are older and more prominent believe that new investors are able to earn high yields right away. It is possible to earn less from your investments if there's been consistent trading over the course of time and you've taken care of your risks.Account TrackingCryptocurrency? transactions are encrypted with codes, but they leave digital footprints. The FBI is able to decipher and trace the accounts of everyday citizens.ConclusionArif? Efendi talks about cryptocurrency as a form of digital currency that is able to be used for secure transactions. It is also a great way for diversification of your portfolio. http://www.ispir.gov.tr/kadizade-mehmed-arif-efendi This article explained the differences between cryptocurrency and printed currencies. It also shared the benefits of crypto over paper money.Arif Efendi points out that cryptocurrency, just like any other investment, has its own risks. He advises that people ensure they contact a professional financial advisor before investing.