This refers to the figures presented about the highest performing assets of 2023, with the leading cryptocurrency being Bitcoin, and to many responses from investors on the Arqam website who do not believe in it and think it is useless.
I wish to clarify a little about the aspects of cryptocurrencies to spread awareness and increase knowledge about them with this short and simple article.
Did you know that you can convert your bank money into a stable cryptocurrency that does not have volatility and then transfer it to a digital wallet for the beneficiary? This is almost free without any international fees or currency exchange fees, or with very minimal fees called gas fees.
Many poor people around the world use this method; they work in a certain country for a meager salary in dollars, and if they want to send money to their families, the bank will deduct a very large fee from them.
Did you know that many cryptocurrencies have yields? Just by storing them, or doing stake like securing a deposit completely, except for what God wills, you can receive profits ranging from 3% to 23%, and the return varies according to the risks of the currency itself. Profit distribution is also daily and cumulative!
Did you know that most cryptocurrency projects are scams or illogical projects that are impossible to succeed? They mislead many into thinking that all cryptocurrencies are the same. Cryptocurrencies are also a playground for money launderers and criminals who do not want governments to trace them.
Did you know that there are leading cryptocurrencies like Bitcoin and Ethereum, which are the most secure and dominant in the index over the past ten years?
Did you know that wealthy individuals can have a small storage memory in their pocket (USB flash drive) or even a small piece of paper with 12 words written on it, which could be worth hundreds of millions of dollars and easily carried without anyone knowing and without any oversight from any authority or central bank from any country, simply because it cannot be traced?
It is good to keep some gold with you in case of crises, God forbid. Isn’t it excellent to hold cryptocurrencies for the same purpose in an easier and simpler way? And if you do not prefer the price volatility of the currency, there are stable cryptocurrencies.
I will suffice with this brief and simple amount about the ease of using, transferring, and converting money through cryptocurrencies, in addition to receiving profitable returns and yields, not to mention capital gains. This is not a recommendation, as I warn that it is extremely risky and highly volatile, as the market operates 24 hours a day, 7 days a week, and is global.
Available to everyone, literally everyone!
