Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology. Unlike traditional currencies issued by governments (known as fiat currencies), cryptocurrencies are not controlled by any central authority, making them immune to government interference or manipulation. They can be used for various purposes, including peer-to-peer transactions, investment, and as a means of raising funds through initial coin offerings (ICOs). Prominent examples of cryptocurrencies include Bitcoin, Ethereum, and Litecoin. Transactions made with cryptocurrencies are recorded on a public ledger called the blockchain, which ensures transparency and security while maintaining user anonymity. Cryptocurrencies are characterized by their volatility in value and the potential for high returns, but they also carry risks, including regulatory uncertainties and the potential for loss of investment.
Gold prices have reached a historic high, surpassing $3,000 per ounce due to increased demand from global uncertainties. Gold ETFs have seen substantial inflows of $10 billion, driven by geopolitical…