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Cryptocurrency has gained immense popularity over the past few years and is slowly making headways into the traditional financial system. The number of cryptocurrency users has grown by 66 million between 2018 and 2020. In addition, public and private sectors are now open to the idea of using cryptocurrency as a means of financial transactions while investing or making payments.
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As with any new investment tool, cryptocurrencies like Bitcoin have incited possible investors and analysts to ask a lot of questions and be genuinely skeptical. In several years, cryptocurrencies have encountered praiseworthy boosts in prominence. Nonetheless, there are persistent theories, myths, and rumors about them and certain currencies in particular.
Here, we'll investigate some of the most well-known myths about cryptocurrencies, and we'll look at whether each contains any reality.
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