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Week 3 - Day 4

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32 views18 pages

Week 3 - Day 4

Uploaded by

mahwish bhatti
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Entrepreneurship Boot Camp

SUMMER 2024
Mary Grace
Henry
HTTPS://WWW.YOUTUBE.CO
M/WATCH?V=CQMBLR_CCJC
&T=40S
Starter
Discuss with a partner or small group what a digital
currency is.

You have 2 minutes.

0:00 1:00 2:00

Start Timer

Extension: List the names of any digital currencies you have


heard of.
Common Cryptocurrencies
Extension: List the names of any digital currencies you have heard of.

The ten most common cryptocurrencies are:

• Bitcoin (BTC) • Binance USD (BUSD)

• Ethereum (ETH) • XRP (XRP)

• Tether (USDT) • Dogecoin (DOGE)

• Binance Coin (BNB) • Cardano (ADA)

• US Dollar Coin (USDC) • Polygon (MATIC)


The History of Cryptocurrencies
Cryptocurrencies are digital money. They are not physical like coins and notes.

Cryptocurrencies can be used for some online purchases but, at this point in time, they cannot
be used like normal money as they are not yet legal tender. Most cryptocurrencies use a
blockchain, which is a decentralised digital ledger, to record transactions.

The first cryptocurrency was ‘mined’ in 2009. Its name was Bitcoin and a user known as
Nakamoto mined the starting block of the chain. This was known as the Genesis Block. It was
released that year as open-source software.

As of November 2022, there were almost 22 000 different cryptocurrencies and over 12 000
active ones. Over 3 000 000 users were recorded as using crypto at this time too.
Will Investing in
Cryptocurrencies
Make Me Rich?

UNLIKE BANKS, CRYPTOCURRENCIES ARE


NOT REGULATED AND THE VALUES CAN
EASILY GO DOWN AS QUICKLY AS THEY GO
UP. INVEST ONLY AROUND 5% OF YOUR
SAVINGS AND BE PREPARED TO NOT TOUCH
YOUR INVESTMENT FOR AT LEAST 10 YEARS
OR EVEN LONGER.
Further Information
• Santander
(Cryptocurrency | Santander)

• UK Government’s Plan to Make UK a Global Cryptoasset Technology


Hub
(
Government sets out plan to make UK a global cryptoasset technolog
y hub - GOV.UK (www.gov.uk)
)

• FCA
(
FCA warns consumers of the risks of investments advertising high ret
urns based on
cryptoassets | FCA)
BREAK
Pitching
Competition
DO YOU KNOW OF ANY?
Friends and
Family
Business
Incubator
Task:

YO U H AV E 1 0 M I N U T E S TO
DISCUSS AND IMPROVE
YO U R I D E A

C R E AT E A P I T C H TO S H A R E
YO U R I D E A
REFLECTION
 Highlights
 Lowlights
 Suggestions
 Community collaboration: Improve
your research to include social
media marketing
Thank you

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