Normal No Spacing Heading 1 Heading 2 Ttle Assignment: Crypt years. Please expla

Question

Normal No Spacing Heading 1 Heading 2 Ttle Assignment: Crypt years. Please explain your perspective on the following bullets. The assignment is expected to be at least 3 pages' double spaced and submitted before the week of final exams this semester: ocurrencies are something that have been discussed in great detail over the past 3 . Would you invest in cryptocurrencies? If Yes, Why? If No, Why? . What major impact do you see cryptocurrencies having in the world of business and trade over . What changes do you see happening to traditional commerce and methods of payment (Cash, If you were approached in a business transaction with a buyer that was willing to pay you in the next 5 years? Credit Card, PayPal, Barter etc.) as a result of cryptocurrencies. Bitcoin, would you accept the payment? IfYes, why and if no why? What impact do you see Bitcoin and other cryptocurrencies having on the way people view saving money in the future? Do you see the value of cryptocurrencies stabilizing in the future and do you see them as a long term and predictable way of doing trade and commerce?

Explanation / Answer

As per Chegg's policy, we are instructed to provide the same on to up to 4 parts of a given question, please do not downvote the answer for that reason.

1. Yes, I would invest in cryptocurrency because it presents a lucrative investment opportunity out of all the others. It is evolving as a form of free form of trade of currency which is free to own, is completely digital and has a great and opportune market for it to implement itself in.

2. If cryptocurrency keeps going in the same direction, a number of businesses are either going to accept its use or they are going to invest in it. Either way, businesses have the potential to change the structure of the market if they decide. This is why potential business opportunities will arise for both the companies, the shareholders, stakeholders as well as investment firms. Especially in the next five years.

3. Due to cryptocurrency the traditional methods of capital exchange as well as mode of payment such as PayPal and even barter system is going to be hugely affected by the use of cryptocurrency especially if it is still not mandated by the government. Unmarked currency would especially be used in the facilitation of trade between businesses looking to save money on taxes.

4. No, since the validity and authenticity of cryptocurrency cannot be guaranteed for the future. I would not be willing to accept cryptocurrency especially for business transactions as of yet. Unless new rules and regulations are formulated which guarantees these factors it would not be wise.

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