The Different Types of Money in an Economy
ContentWise vs CurrencyFair: Which is better? Fees & featuresExample of Fiat Money Gone Wrong: HyperinflationMoney as a Medium of Exchange Of course, the higher it goes, the greater the risk of buying it. Even companies will get in on the act, at least for a while, because as long as the hype keeps increasing, Bitcoin will keep rising — until it doesn’t. Bitcoin and other cryptocurrencies even rise when they are mentioned in the news or when they are mentioned by a celebrity. On January 29, 2021, when Elon Musk added #Bitcoin to his twitter profile, Bitcoin surged 15% within minutes. Of course, this does not prove a cause-and-effect relationship, but it would not be unreasonable to suspect such a relationship. Even if one party did not want a commodity,…