Cyber Times International Journal of Technology & Management

The financial system has changed as a result of the quick advancement of digital technology, giving rise to innovations like cryptocurrencies. Peer-to-peer transactions without the use of conventional financial middlemen are made possible by cryptocurrency, a decentralized digital currency built on blockchain technology. Cryptocurrencies like Bitcoin and Ethereum are recognized as alternative investment and payment systems.

This study analyzes cryptocurrency growth and adoption in the global economy. It examines factors such as technological advancement, financial innovation, and demand for decentralized systems. The study also highlights opportunities and challenges related to cryptocurrency adoption.

The study employs analytical and descriptive techniques based on secondary data from international organizations, official papers, financial reports, and research journals. Results indicate that investor interest, technological awareness, and digital payments have all contributed to the rise in bitcoin usage. However, regulatory uncertainty, price volatility, and cybersecurity risks remain major challenges.

The study concludes that cryptocurrency can promote financial inclusion and innovation, and governments should develop proper frameworks for safe and sustainable market growth.