Сryptocurrency: challenges and opportunities for economic management

Abstract

In the modern world, every day, cryptocurrencies are becoming more and more entrenched in the economic system and becoming an integral part of it. And since many consumers are interested in this market, it is worth analyzing the impact of crypto assets on the economy as a whole. Since cryptocurrencies are modern payment instruments that can not only supplement, but also partially replace real money, their main role is to reduce dependence on traditional banks and currencies. This opens up many different opportunities for investors, because they can choose the investments that are most suitable for them according to their needs. Each cryptocurrency has its own characteristics and therefore allows investors to move away from conventional banks and institutions. This factor is emphasized by the decentralization of the currency, which provides just that. Such a system ensures independence from external influence and provides security, because the absence of a “control center” reduces the chances of fraud and data theft.