6 Benefits of Investing in Cryptocurrency
Bitcoin born in 2009 opened the door for investment opportunities in the type of fully new asset class – Cryptocurrency. Lots of entry space early.
Intrigued by the great potential of beginner assets but promises this, they buy Crypto at low prices. As a result, Run Run 2017 saw them become millionaires / billionaires. Even those who don’t risk decent profits.
Three years later Cryptocurrency is still profitable, and the market is here to stay. You may have become an investor / trader or may reflect on your luck. In both cases, it makes sense to know the benefits of investing in Cryptocurrency.
Cryptocurrency has a bright future
According to a report entitled Imagine 2030, published by Deutsche Bank, credit cards and debit will become obsolete. Smartphones and other electronic devices will replace it.
Cryptocurrency will no longer be seen as a waste but an alternative to the existing monetary system. Their benefits, such as security, speed, minimal transaction costs, ease of storage, and relevance in the digital era, will be recognized.
Concrete Regulatory Guidelines will popularize Cryptocurrency, and increase their adoption. The report estimates that there will be 200 million Cryptocurrency wallet users in 2030, and almost 350 million in 2035.
Opportunity to be part of a growing community
Wazirx Campaign #Indiawscrypto recently finished 600 days. This has become a massive movement that supports the adoption of Cryptocurrency and Blockchain in India.
Also, the Supreme Court assessment recently canceled the banking tire Crypto RBI from 2018 had instilled a rush of new beliefs among Bitcoin investors and Indian Cryptocurrency.
Report 2020 Edelman Trust Barometer also shows the beliefs of people about cryptocurrurens and blockchain technology. As per the findings, 73% of Indians trust Cryptocurrency and Blockchain technology. 60% said that the impact of the cryptocurrency / blockchain will be positive.
By becoming a Cryptocurrency investor, you stand up to be part of a rapidly growing and growing community.
Increased potential benefits
Diversification is an important thumbs up investment. Especially, during these times when most assets have caused huge losses due to economic difficulties driven by Pandemic Covid-19.
While investment in Bitcoin has given a refund of 26% from the beginning of the year to date, gold has returned 16%. Many other Cryptocurrency has registered a three-digit ROI. The stock market as we all know has posted a gloomy show. Famous crude oil prices are jammed below 0 in April.
Including other Bitcoin or Cryptocurrency in your portfolio will protect the value of your funds in uncertain global market situations. This fact was also impressed by the manager Hedge Hedge billionaire billionaire Paul Tudor Jones when he announced a plan to invest in Bitcoin.