The particular birth of bitcoin in 2009 opened doors to investment opportunities in an entirely new kind of asset class – cryptocurrency. Lots entered the space way early.
Intrigued by the immense possible of these fledgling but promising assets, they bought cryptos at inexpensive prices. Consequently, the bull run of 2017 saw them turn out to be millionaires/ billionaires. Even those who did not stake much reaped decent earnings.
Three years later cryptocurrencies still remain profitable, and the market is here to stay. You may already be an investor/trader or maybe contemplating trying your good luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.
Cryptocurrency Has a Brilliant Future
According to a report titled Envision 2030, published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will substitute them.
Cryptocurrencies will no longer be seen as outcasts but alternatives to existing monetary systems. Their benefits, like security, speed, minimal transaction fees, ease of storage, and relevance within the digital era, will be recognized.
Concrete floor regulatory guidelines would popularize cryptocurrencies, and boost their adoption. The particular report forecasts that there will be two hundred million cryptocurrency wallet users simply by 2030, and almost 350 million by the year 2035.
Opportunity to be part of a Growing Community
WazirX’s #IndiaWantsCrypto campaign lately completed 600 days. It has turn into a massive movement supporting the ownership of cryptocurrencies and blockchain within India.
Also, the recent Substantial Court judgment nullifying RBI’s crypto banking ban from 2018 provides instilled a new rush of confidence amongst Indian bitcoin and cryptocurrency investors.
The 2020 Edelman Confidence Barometer Report also points out individuals rising faith in cryptocurrencies plus blockchain technology. If you want to see more on Best cryptocurrency to buy now have a look at the site.
As per the results, 73% of Indians trust cryptocurrencies and blockchain technology. 60% declare the impact of cryptocurrency/blockchain will be positive.
By being a cryptocurrency investor, you stand to be a part of the thriving and rapidly growing community.
Enhanced Profit Potential
Diversification is an essential investment thumb rule. Especially, over these times when the majority of the assets have sustained heavy losses due to economic issues spurred by the COVID-19 pandemic.
Whilst investment in bitcoin has given 26% returns from the starting of the year to date, gold has returned 16%. Many other cryptocurrencies have signed up three-digit ROI. Stock markets even as we all know have posted dismal shows. Crude oil prices notoriously crashed beneath 0 in the month of April.
Including bitcoin or any other cryptocurrencies in your portfolio would protect your own fund’s value in such uncertain global market situations. This fact seemed to be impressed upon by billionaire macro hedge fund manager Paul Tudor Jones when a month back he announced plans to invest in Bitcoin.
Cryptocurrency Markets Are On 24X7X365
As opposed to typical markets, cryptocurrency markets operate round the clock, all days in a year without fatigue. That’s because digital currency techniques are essentially designed using items of software code that are secured simply by cryptography.
The operational blueprint will not involve human interference. So , you are free to trade crypto or spend money on digital assets whenever you want to. That’s a great benefit! Cryptocurrency markets are extremely efficient that way.
E. g., Bitcoin has successfully processed transactions along with 99. 98% uptime since its inception in 2009.