Home 6 Benefits Of Investing In Cryptocurrencies

Tuesday30 November 2021

6 Benefits Of Investing In Cryptocurrencies

The start of bitcoin in 2009 opened doors to funding opportunities in an entirely new kind of asset class - cryptocurrency. Lots entered the space way early.

Intrigued by the immense potential of these fledgling but promising assets, they bought cryptos at low-cost prices. Consequently, the bull run of 2017 noticed them turn into millionaires/ billionaires. Even those that didn't stake much reaped decent profits.

Three years later cryptocurrencies still remain profitable, and the market is here to stay. You might already be an investor/trader or possibly considering attempting your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency Has a Vivid Future

According to a report titled Imagine 2030, published by Deutsche Bank, credit and debit cards will change into obsolete. Smartphones and different digital units will substitute them.

Cryptocurrencies will no longer be seen as outcasts however alternatives to present monetary systems. Their benefits, corresponding to security, velocity, minimal transaction fees, ease of storage, and relevance in the digital era, will likely be recognized.

Concrete regulatory guidelines would popularize cryptocurrencies, and increase their adoption. The report forecasts that there shall be 200 million cryptocurrency wallet customers by 2030, and nearly 350 million by the year 2035.

Opportunity to be part of a Growing Community

WazirX's IndiaWantsCrypto campaign not too long ago completed 600 days. It has become an enormous movement supporting the adoption of cryptocurrencies and blockchain in India.

Additionally, the current Supreme Court judgment nullifying RBI's crypto banking ban from 2018 has instilled a new rush of confidence amongst Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report additionally points out peoples' rising faith in cryptocurrencies and blockchain technology. As per the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say that the impact of cryptocurrency/blockchain shall be positive.

By being a cryptocurrency investor, you stand to be a part of a thriving and quickly rising community.

Elevated Profit Potential

Diversification is an essential investment thumb rule. Especially, during these occasions when the most importantity of the property have incurred heavy losses because of economic hardships spurred by the COVID-19 pandemic.

While funding in bitcoin has given 26% returns from the starting of the year to date, gold has returned 16%. Many different cryptocurrencies have registered three-digit ROI. Stock markets as we all know have posted dismal performances. Crude oil prices notoriously crashed below zero within the month of April.

Together with bitcoin or every other cryptocurrencies in your portfolio would protect your fund's value in such uncertain international market situations. This truth was also impressed upon by billionaire macro hedge fund manager Paul Tudor Jones when a month back he introduced plans to invest in Bitcoin.

Cryptocurrency Markets Are On 24X7X365

As opposed to regular markets, cryptocurrency markets operate around the clock, all days in a year without fatigue. That's because digital currency systems are essentially designed using pieces of software code which are secured by cryptography.

The operational blueprint would not contain human interference. So, you are free to trade crypto or invest in digital belongings everytime you need to. That's an incredible benefit! Cryptocurrency markets are very efficient that way.

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