WHAT IS IT?
Cryptocurrency is a digital currency used to buy goods and services through a decentralized network based on blockchain technology. Individual coin ownership records are stored in a ledger administered by a computerized database using cryptography to secure transaction records through a network of computers. A defining feature is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
Advocates argue the advantages of cryptocurrency are:
- it is not controlled by any government’s central bank,
- a global virtual currency facilitates global commercial transactions,
- every Bitcoin transaction is recorded in a public ledger known as “blockchain,” and
- the payer and payee are anonymous, though recorded transactions are visible to anyone.
Capstone Wealth Advisors
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
Stock investing involves risk, including loss of principal. International & Emerging Markets investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in Emerging Markets.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
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