Journal Entry: Shane Andrew Smith-03/12/2024

Journal Entry

Critical Thinking Response:

BNB’s evolution to native currency of Binance’s blockchain shows there is competition to the original Bitcoin and the early entries into digital currency.

BNB’s contributes to its value as an altcoin by offering alternatives and different features that other altcoins and DeFi apps may not offer. It also is reasonably priced.

I think people need to consider that while we talk about all this new technology and cryptocurrencies that they are still investments. These are all created, originated and edited by companies, thus they are investments like stocks and bonds in private or public companies are. They are different from a government issued currency or bond or treasury, so investors and users should expect volatility.