Cryptocurrency: Speculative Alternative Currency
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CryptocurrencyBankrate
•Business
Business & Economics
Cryptocurrency: What it is and how it works
72% Informative
Cryptocurrency is a kind of digital currency that is intended to act as a medium of exchange.
It appeals because of its potential ability to hold value and not be inflated away by central banks that want to print money.
Bitcoin and other cryptocurrencies saw significant declines as the Federal Reserve raised interest rates in 2022 , impacting speculative investments particularly hard.
Speculators drive the prices of these coins back and forth, hoping to make a profit from others trading in and out of the assets.
For many, that’s the real use case for cryptocurrencies.
But some drawbacks do make Bitcoin and other currencies virtually useless as a currency, a means of exchange.
Cryptocurrency is subject to government regulation, which may hurt the prospects of some digital currencies.
Government regulation may help create a more level playing field that’s less subject to fraud and malfeasance.
Investors are probably best advised to take a cautious approach with cryptocurrency, given its volatility.
VR Score
67
Informative language
60
Neutral language
48
Article tone
informal
Language
English
Language complexity
54
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not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
26
Source diversity
1
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