Alternative to traditional currencies like the US dollar or the euro, cryptocurrency is a digital medium of exchange. These make use of digital information exchange that is based on cryptographic principles to offer secure ways of transactions and, in many circumstances, anonymity. The market was introduced to over a thousand different digital currencies after 2009, when Bitcoin became the first decentralised digital money. One important aspect impacting the increase of the pricing of the Cryptocurrency Market is the confluence of rising demand and falling supply of digital currency. Depending on the country, digital currencies are either classified as an asset or as currencies. For instance, Bitcoin has 21 million units, and since there are about 7 billion people on the planet, even if only 50 million people embrace it, it would still need to be very expensive to be used by everyone.
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