Cryptocurrencies have been getting a lot of attention lately due to their numerous benefits, but it’s important to note that they also come with some risks. One of the most significant risks is the volatility of cryptocurrencies, which can lead to rapid fluctuations in their value. This can cause investors to lose money quickly if they are not careful.
Another potential risk associated with cryptocurrencies is their connection to illegal activities. Cryptocurrencies have been used to launder money and evade taxes in the past, which has led to concerns about their legitimacy. However, it’s important to note that not all cryptocurrency users engage in illegal activities, and many legitimate businesses and individuals use cryptocurrencies for legitimate purposes.
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Fiat money has been used for laundering for far longer than crypto. As well, there are very volatile fiat markets/investments.