Have you ever why you need to invest in Cryptocurrency? Here’s why.
Cryptocurrency is the future of digital economy as it has been in the news headlines in recent time, how investors are getting crazy returns. Lots of people think that, all the money has already being made by earlier investors.
I want let you know that, there’re lots of cash to be made in cryptocurrency market; we’re talking about trillion$ of turnovers. No doubt about it, cryptocurrency is risky- just like any other investment with good prospects.
For those, yet to step into the cryptocurrency investment space, there’re one thousand and one compelling reasons why you need to step-in now. Many millionaires have emerged and many will still emerge by taking this decision to invest now.
However, here are clear benefits of investing in Cryptos, covered in this article.
# 1: Incredible returns
I will just give simple illustration here-just 4 months ago, March 2020 to be précised, a Bitcoin was hovering around $4,000USD during the heat of Corona Virus pandemic but hit $11,600USD as at July 2020. What an incredible returns! Prices swing and appreciate right the next moment, so if you’re willing to take the plunge, this dip is just at the suitable time. US stocks can’t bring a return more than 26% annually but cryptocurrency can -be wise.
# 2: Simplicity
Most alternative investments such as stocks, real estate, bonds etc. are bothersome, complicated and time-consuming. These investments have high entry threshold- you need a much significant sum at your disposal to get started. However, Cryptocurrency investment is different-100 bucks is enough to get started. Cryptocurrencies made every step simpler; both joining and taking part are just a click-away.
# 3: Adoption of Blockchain technology
Blockchain sits at the core of cryptocurrency payment network and most Blockchains provide real-life applications. Blockchain technology has been tagged, the technology for the future. An emerging technology with high level of security and adaptability is bound to grow. Investing in cryptocurrency as a result of the adoption of this emerging technology is to unlock the potential for high returns in future.
# 4: Growing customer base
The customer base has been amazing over the last four years courtesy of its spike in value. Cryptocurrency has given investors, multiple opportunities to earn decent incomes and still making thousands of people rich on daily basis.
We have over 3.5 million active cryptocurrencies addresses across different cryptocurrency platforms, which shows that, about 3.5 million people are making use of cryptocurrencies.
#5. Growing Alternatives
We have thousands of other cryptocurrencies (Altcoins) apart from Bitcoin. Have you ever thought of the possibility of other cryptocurrencies, probability two or three competing favorably with Bitcoin?
I belong to that school of thought, who believe, that few other cryptocurrencies will force Bitcoin to take the “back seat” in the next ten years.
You have so many options, on where to invest, what it requires, is a little research to make.
#6. Support by Financial Giants and Government Agencies
Recently, the 6th largest fund manager in the world, Fidelity offered a digital trading services to large institutional investors. JP Morgan had developed an innovative permissioned blockchain. Names like Goldman Sachs, Bakkt, and the New York Stock Exchange started offering cryptocurrency products in their markets.
It’s not only financial institutions, that are adopting cryptocurrencies and Blockchains, Government agencies are finding their way into the space. For example, Japan ehas adopted cryptocurrencies as a legal mode of digital transactions.
In conclusion, the train is moving, don’t be left out; invest today and secure your future!
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