#Imp_for_Mains
Crypto currency Cryptocurrency as an asset class outside traditional financial system.
It can act as a hedge against any system-wide action (e.g. quantitative easing, Demonetisation) that can wipe out the value of any particular asset.
Unlike gold, supply of bitcoin is mathematically designed.
Advantages1. Store of wealth like gold
2. Better hedge against inflation compared to gold due to its limited supply
3. Can play role in disciplining central banks
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