Few people, companies and institutions inactive accept cryptocurrency as a means of payment.
The cryptovalut is actually a digital currency that individual created, and respective million people believed that it could be earned. In the financial markets, this phenomenon is nothing fresh — there is always individual who wants to buy something and individual else who wants to sale it. The price, or course, is the consequence of a game of request and supply. Paradoxically the least crucial is frequently this, what it is, in fact, “something”.
Take gold, for example.
Physical gold (i.e. actually existing in the form of bars or coins, stored in LBMA vaults, COMEX or ETF funds) constitutes about 11,000 tonnes.
However, in the financial markets, not only metallic is traded, but besides its "imaginative" — so-called. paper gold (futures, options, certificates and another derivatives). The full value of these paper liabilities is around 80,000 tonnes gold.
The ratio of paper gold to physical gold is so 8:1.
If all investors had requested a physical supply of gold at the same time, most of them would not have received metallic — due to the fact that most of the trade takes place only on paper.
The argument that cryptocurrency is utilized for illegal purposes – specified as drugs or corruption – is not convincing. Regular currencies, real estate, gold or precious stones were besides utilized in criminal activity.
Similarly with fraud – the fact that any of them usage cryptocurrency present does not mean that this phenomenon is new. It is adequate to callback Madoff's financial pyramid, specified as Amber Gold or Getback, as well as fresh frauds in which well-known public figures were impersonated – including Donald Tusk, Lech Wałęsa, Mateusz Morawiecki or Andrzej Duda – to persuade people to make false investments in "orlen projects".
