1. From a financial perspective
• Digital assets: They are a form of digital money that can be used for transactions, investment, or value storage.
• Hedge against inflation: Some cryptos, like BTC, are seen as an alternative to digital gold due to their limited supply.
• Speculative instruments: Many traders view them as volatile assets to make short-term profits.
2. From a technological perspective
• Payment innovation: They allow for fast and intermediary-free transactions on a global scale.
• Blockchain technology: They represent the use of a decentralized and secure system to record transactions.
• Smart contracts: Some cryptos, like ETH, enable the execution of digital contracts without the need for trust between parties.
3. From a philosophical and social perspective
• Decentralization and financial autonomy: They eliminate the dependence on banks and governments to manage money.
• Financial inclusion: They provide access to financial services for people without bank accounts.
• Resistance to censorship: They cannot be easily confiscated or blocked by governments or institutions.
4. From an economic and political perspective
• New form of economy: They facilitate decentralized economies and models like DeFi (decentralized finance).
• Challenge to traditional systems: They are an alternative to government-issued currencies (fiat) and the conventional financial system.
• Monetary sovereignty: They allow individuals to have total control over their money without relying on third parties.
