Finance
Skillbuilder:Social Awareness

Digital Dollars: Is Cryptocurrency the New Cash?

Effort: 10 minutes
Earns

+10 Points

Winner

(1) $100 e-gift card

Cryptocurrency, especially Bitcoin, has been a hot topic in finance and tech. It’s a form of digital money that doesn't rely on traditional banks or governments to operate. Bitcoin was created in 2009, and since then, various types of cryptocurrencies have gained popularity. Cryptos are decentralized, meaning they use blockchain technology to verify transactions without needing a central authority like a bank. But there are challenges too—like price volatility, security concerns, and government regulations.

Some examples of popular cryptocurrencies include Bitcoin, Ethereum, and Dogecoin, which have changed the way we think about money and investing. While some see crypto as the future of money, others think it’s risky and unpredictable.

Your Task:
Imagine you’re about to participate in a debate about cryptocurrency vs. regular currency. First, decide if you’re going to argue for or against the use of cryptocurrency like Bitcoin. Next, write down two reasons why you think cryptocurrency is better or worse than regular cash. Support your points with facts, like how cryptocurrency works globally, how it affects privacy, or whether it’s safer (or riskier) than regular money.

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