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✔️ Task: Crypto and the Economy: The Interplay of Innovation and Finance

⁉️ What's one benefit of DeFi compared to traditional finance?
➕ No paperwork required for loans

⁉️ What was the key takeaway about crypto and the macro economy?
➕ They're becoming more intertwined and influence each other

⁉️ Why are governments introducing CBDCs?
➕ To provide a state-backed alternative to private cryptocurrencies

⁉️ What is Bitcoin often called during times of high inflation?
➕ Digital gold

⁉️ What does the phrase "crypto is volatile" mean?
➕ Its value can change dramatically due to market events

⁉️ What kind of economic event often makes Bitcoin's price rise?
➕ High inflation

⁉️ How are Bitcoin and the stock market connected in 2024?
➕ Bitcoin's price often moves in sync with tech-heavy indices like Nasdaq

⁉️ How is DeFi disrupting traditional finance?
➕ It offers alternatives for loans, savings, and investments

⁉️ What financial process does Bitcoin make faster and cheaper?
➕ Cross-border payments

⁉️ What are CBDCs?
➕ Central Bank Digital Currencies

⁉️ How do high interest rates affect crypto markets?
➕ They often lead to sell-offs of riskier assets like crypto

⁉️ What is DeFi short for?
➕ Decentralized Finance