This Video by BYJU’s is a discussion on cryptocurrencies in general and Bitcoin in particular. Bitcoin is the first cryptocurrency. Its value has increased by over 1000% over the past few months due to the demand led frenzy. It is considered as the future alternative to monetary. The relevance of Bitcoins for the UPSC Exam is explained in this particular video. The difference between traditional banking and cryptocurrencies is also spoken about. The lecture includes in depth analysis and discussion on the working of Cryptocurrencies, impact of Cryptocurrencies on the global economy, regulatory and security concerns surrounding cryptocurrencies and the evaluation of the position of the Indian Government and the Reserve Bank of India. Finally, the video throws light upon the concern over the volatility of cryptocurrency, lack of regulatory oversight, the risk of cyber theft and its potential for misuse.
Add A Comment