- Video Views: 324
- Published On: 2022-04-01 05:49:07
- Video Published/Author: Victor Lai
- Video Duration: 00:05:47
- Source: Watch on YouTube
In recent years, we have seen the formation and rise of cryptocurrency (crypto). Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency. Since the release of bitcoin, many other cryptocurrencies have been created. As of March 2022, the global market cap for crypto is over $2 trillion U.S. dollars. In comparison, the New York Stock Exchange is the largest stock exchange in the world, with an equity market capitalization of just over $27.7 trillion U.S. dollars as of December 2021. That is remarkable considering crypto’s short history.
So what is crypto?
• A cryptocurrency is an encrypted data string that denotes a unit of currency. It is monitored and organized by a peer-to-peer network called a blockchain, which also serves as a secure ledger of transactions, e.g., buying, selling, and transferring.
In this video, I wanted to go over a brief overview of crypto, including what it is, how do people obtain it, price history (& relative performance to the S&P 500, and a quick pros and cons of investing in crypto and generally speaking.
0:21 What Is Cryptocurrency?
1:07 How Do I Obtain Crypto?
2:21 The Largest Crypto By Market Cap
3:01 Price History Compared to S&P 500
4:01 Pros & Cons of Crypto + Final Thoughts
#cryptocurrency #crypto #bitcoin #everythingyouneedtoknowaboutcrypto
☞ About me:
My name is Victor Lai, and I am pursuing an MBA at the UC Davis Graduate School of Management. My content on this channel is primarily about my life, school, and travel experiences.
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