THE EMERGENCE OF CRYPTOCURRENCY: REDEFINING GLOBAL FINANCE IN THE DIGITAL AGE

Abstract

Cryptocurrency, often referred to as crypto, is a form of digital or virtual currency that utilizes cryptographic technology to secure transactions. In today’s fast-paced world, cryptocurrencies have a significant impact on the economies of both developed and developing nations, despite lacking any officially legislated value. The increasing adoption of digital assets has reshaped financial markets, enabling individuals to engage in borderless transactions without reliance on traditional banking systems.

Although cryptocurrencies are considered a promising investment due to the rising digitization of financial systems, they are also subject to regulatory scrutiny and financial risks. This is because cryptocurrencies are not tangible assets; their value is entirely determined by market demand and investor sentiment.  In the rapidly evolving financial landscape, individuals striving to maintain a competitive edge are increasingly turning to cryptocurrency investments.   The growing dominance of digital assets, particularly Bitcoin, has been driven by influential business leaders who hold substantial shares and leverage their volatility through strategic trading.