Module 1.0.0. The Dual Nature of Money
In the Primary School of Cryptocurrencies, we saw that cryptocurrency is the 6th in the evolution of money. Therefore, one common question many people often ask about cryptocurrency is:
If a cryptocurrency is money, can one invest in it and make profits?
The answer to this question lies in understanding the Dual Nature of Money. Money is:
(1). A Means of Exchange
Money is the means by which we exchange goods and services. We buy and sell using money as a means of exchange in such transactions.
(2). An Article of Trade
The majority of people often know money to be a means of exchange but usually do not realise that they can as well trade money to amass good financial profits. That is, money is used to exchange goods and services and can also be a trading article itself.
The stock market, forex market, money market, etc. are some of the markets where money is not only a means of exchange but also an article of trade. The few who understand this fact utilise the knowledge to amass financial fortunes.
Since cryptos are money, it means you can use them as a means of exchange and also as articles of trade to make profits. The Crypto Market is where you can use cryptos for such purposes. Therefore, let’s look more closely at the Crypto Market.