Pros and cons of cryptocurrency
The price of one bitcoin in US dollars quadrupled last year, gaining over 160% in Q4 alone. This meteoric rise sparked widespread media and investor interest in bitcoin specifically and in cryptocurrencies more generally. Moreover, many payment platforms such as BitPay, Square and PayPal have started accepting payments in bitcoin and other cryptocurrencies. It is also becoming easier to trade cryptocurrencies on established platforms. Here, we look at some of the potential advantages and disadvantages of cryptocurrencies.