The crypto-currency market is on the mend after a tumultuous year, with more people opting to invest in cryptocurrencies over fiat currencies such as the dollar and the euro.
The outlook is bright for crypto-trading and cryptocurrency businesses, with demand for digital assets expected to accelerate in coming years.
But it is not the end of the crypto-economy.
In fact, some economists are predicting that the industry could see further growth.
In an interview with CNBC, Ben Siegel, director of the Center for the Study of Money, Credit and Banking at the University of Chicago, said the crypto market is a “key driver of the global economy,” adding that it is “going to have an outsized impact on the economy and how we define it.”
Here’s what you need to know about cryptocurrencies and their impact on markets.
Read moreIn the U.S., cryptocurrencies such as bitcoin, ether and litecoin have surged in value over the past year, but there is no consensus on whether they are a better investment than the dollar or the euro, which many have called the “gold standard.”
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