Abstract
Research background: Cryptocurrency is a digital currency that is intended for online trading. It uses and implements the principles of cryptography to create a distributed, decentralized and secure digital currency. Virtual money is a new and promising branch of the virtual economy that brings many advantages and disadvantages in a global sense. Many people have become involved in cryptocurrency hype because high investments in this digital money have been seized during the pandemic. The rise in revenues from this digital money has gripped the world globally. Purpose of the article: The basic purpose and chosen goal is to analyze the use of cryptomen trading during the global Covid-19 pandemic, as well as investing in these alternative sources of investment, which are gaining more attention every day precisely because of their freedom and detachment. Methods: The article will analyze data that will be compared based on the years before the Covid-19 pandemic and during the Covid-19 pandemic. Based on these data, the investment activity of people, companies, corporations is compared. Findings & Value added: Based on the results in the article, it was found that during the Covid-19 pandemic, the interest in investing in cryptocurrencies increased compared to the interest in investing in cryptocurrencies before the pandemic. The overall result is that people are moving to a new way of holding money, as cryptocurrencies are a new way to the future, as banks are unable to provide such returns from client deposits as cryptocurrencies, but they are associated with much greater risk.
Highlights
In 2009, a new chapter in the world of finance began to be written
As there are so many cryptocurrencies in the world, any participant who decides to invest their free funds in this asset has the opportunity to choose between fully emerging cryptocurrencies that offer a high degree of risk, as no one knows how to behave. the existing crypto messes that are still evolving, the market participant may monitor them and predict their further development, or may reach for absolute giants in the world of cryptocurrencies, which are expensive but the market participant is more likely not to disappear. the end, as was their beginning
They are an interesting way to keep the money. This option offers high returns and the ever-increasing market value of Bitcoin pushes up the prices of all other altcoins, which has a positive effect on cryptocurrency holders as their money increases in direct proportion to the interest of new incoming cryptocurrency
Summary
In 2009, a new chapter in the world of finance began to be written. It was the emergence of cryptocurrencies, Bitcoin, which gradually developed a clear trend for the future, namely saving its funds in this new investment opportunity. Bitcoin has become the overall world leader in cryptocurrencies, as evidenced by the fact that its development affects all other cryptocurrencies called altcoins. According to White et al (2020), more than 2,000 cryptocurrencies are used worldwide This statement is no longer valid, as we already have more than 6,500 species of altcoins, the value of which depends on the value of the strongest cryptocurrency, which was, still is, and will be Bitcoin. As there are so many cryptocurrencies in the world, any participant who decides to invest their free funds in this asset has the opportunity to choose between fully emerging cryptocurrencies that offer a high degree of risk, as no one knows how to behave. the existing crypto messes that are still evolving, the market participant may monitor them and predict their further development, or may reach for absolute giants in the world of cryptocurrencies, which are expensive but the market participant is more likely not to disappear. the end, as was their beginning
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