Why not into non-traditional forms such as Bitcoin and NFTs (non-fungible tokens)? Central banks have pumped trillions of dollars into the global economy, so investors with cash surpluses are seeking non-traditional assets. Major Bitcoin transactions are done by drug dealers and money launderers because of the encrypted anonymity. However, cryptocurrencies like Bitcoin are “proof-of-work” currencies where the validity of transactions is confirmed by “miners” competing to solve complex equations. You could also call this one more giant Ponzi scheme that nobody fully understands today.

Source: Economic Times June 05, 2021 19:30 UTC