The birth of bitcoin in 2009 opened doors to investment opportunities in a completely new kind of asset class – cryptocurrency Bitcoin Coin Market Cap. Lots entered the area way early.
Intrigued by the immense potential of the fledgling but promising assets, they bought cryptos at cheap prices. Consequently, the bull run of 2017 saw them become millionaires/ billionaires. Even those that didn’t stake much reaped decent profits.
36 months later cryptocurrencies still remain profitable, and the marketplace is here to stay. You could already be an investor/trader or even contemplating trying your luck. In both cases, it makes sense to understand the benefits of investing in cryptocurrencies.
Cryptocurrency Features a Bright Future
In accordance with a written report titled Imagine 2030, published by Deutsche Bank, credit and debit cards can be obsolete. Smartphones and other gadgets will replace them.
Cryptocurrencies will no longer be regarded as outcasts but alternatives to existing monetary systems. Their benefits, such as for example security, speed, minimal transaction fees, easy storage, and relevance in the digital era, will undoubtedly be recognized.
Concrete regulatory guidelines would popularize cryptocurrencies, and boost their adoption. The report forecasts that you will see 200 million cryptocurrency wallet users by 2030, and almost 350 million by the season 2035.
Possibility to engage in a Growing Community
WazirX’s #IndiaWantsCrypto campaign recently completed 600 days Crypto Market. It has become a massive movement supporting the adoption of cryptocurrencies and blockchain in India.
Also, the recent Supreme Court judgment nullifying RBI’s crypto banking ban from 2018 has instilled a fresh rush of confidence amongst Indian bitcoin and cryptocurrency investors.
The 2020 Edelman Trust Barometer Report also highlights peoples’rising faith in cryptocurrencies and blockchain technology. Depending on the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% claim that the impact of cryptocurrency/blockchain will undoubtedly be positive.
By being truly a cryptocurrency investor, you stand to be an integral part of a thriving and rapidly growing community.
Increased Profit Potential
Diversification is a vital investment thumb rule. Especially, during these times when many the assets have incurred heavy losses as a result of economic hardships spurred by the COVID-19 pandemic.
While investment in bitcoin has given 26% returns from the starting of the season up to now, gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. Stock markets as all of us know have posted dismal performances. Crude oil prices notoriously crashed below 0 in the month of April.
Including bitcoin or some other cryptocurrencies in your portfolio would protect your fund’s value such uncertain global market situations. This fact was also 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
Rather than usual markets, cryptocurrency markets operate across the clock, all days in annually without fatigue. That’s because digital currency systems are essentially designed using pieces of software code which can be secured by cryptography.
The operational blueprint doesn’t involve human interference. So, you are absolve to trade crypto or invest in digital assets when you want to. That is a great benefit! Cryptocurrency markets are very efficient that way.