What is cryptocurrency
Cryptocurrency is a digital currency that utilizes cryptography to secure transactions and control the creation of new units. Unlike traditional currencies, it operates on a decentralized system, meaning it is not governed by any central authority, such as a bank or government. This decentralized nature allows for peer-to-peer transactions and increased security.
Cryptocurrency in Family Offices
Family offices, which manage the financial and investment needs of wealthy families, may incorporate cryptocurrencies into their portfolios as a means of diversification and potential high returns. The volatile nature of cryptocurrencies, however, requires careful consideration and risk management strategies.
