Cryptocurrency Made Simple

Cryptocurrency has a 3 trillion dollar market cap. Is this just black market computer cash, or is there something more? Let's break it down.

Crypto is a digital or virtual currency that is secured by cryptography which makes it nearly impossible to counterfeit or double spend. Cryptocurrencies are decentralized and based on blockchain technology. For example, Bitcoin lives on the Bitcoin blockchain, Ethereum lives on the Ethereum Blockchain, etc

What does it mean to own cryptocurrency and what is its value? Cryptocurrency is becoming a household asset seen as a store of value or even transactional. Companies worldwide are starting to accept crypto as valid currency to transact with. Last year, Elon Musk announced you could buy Teslas with crypto.

How are crypto and NFTs connected? Cryptocurrency is the only way to actually buy and sell NFTs. If you want to get involved in NFTs, you need to understand some cryptocurrency basics.

Topics:
➡️ What is CryptoCurrency?
➡️ Is it the same thing as money as we know it?
➡️ What does it mean to own cryptocurrency and what is its value?
➡️ Is cryptocurrency required to buy NFT’s?
➡️ How to buy it?
➡️ What are the best coins to have?

Reference:
- www.coinbase.com
- www.investopedia.com

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This show is for entertainment purposes only and should not be considered investment or financial advice. Do your research!