A reference to the figures presented regarding the highest assets in 2023, led by the cryptocurrency Bitcoin, and to many responses from investors on the Arqam website who do not believe in it and think it is useless.
I would like to clarify a few aspects of cryptocurrencies to spread awareness and increase understanding of them through this short and simple article.
Did you know that you can convert your bank money into one of the stable cryptocurrencies that do not have volatility and then transfer it to a digital wallet of the beneficiary? This can be done almost for free without any international fees or currency exchange fees, or for very minimal fees known as gas fees.
Many poor people around the world use this method; they work in a country with a minimal salary in dollars, and if they want to transfer money to their families, the bank will charge them very high fees.
Did you know that many cryptocurrencies offer returns? Just by storing them, or staking them, like securing a deposit completely safe, except for what God has decreed. You can receive profits ranging from 3% to 23%, and the return varies based on the risks of the currency itself. Additionally, profit distribution is on a daily and cumulative basis!
Did you know that most cryptocurrency projects are scams or illogical projects that are impossible to succeed, and they mislead many into thinking that all cryptocurrencies are the same? Cryptocurrencies are a haven for money launderers and criminals who do not want governments to trace their activities.
Did you know that there are leading cryptocurrencies like Bitcoin and Ethereum, which are the most secure and have dominated the index over the past ten years?
Did you know that wealthy individuals can store significant wealth in a small memory storage device in their pocket (flash memory) or even on a small piece of paper written with 12 words, which could be worth hundreds of millions of dollars, making it easy to carry without anyone knowing and without any oversight from any authority or central bank of any country because it simply cannot be tracked.
It is good to keep some gold with you in case of crises, God forbid, so isn't it excellent to hold cryptocurrencies for the same purpose in an easier and simpler way? And if you do not prefer the volatility of the currency price, there are stable cryptocurrencies.
I will suffice with this brief and simple amount regarding the ease of using, transferring, and converting money through cryptocurrencies, in addition to receiving rewarding profits and returns, not to mention capital gains. And this is not a recommendation, as I warn that it is extremely risky and highly volatile, as the market is open 24 hours a day, 7 days a week and is literally available to everyone!
