Thu. Oct 6th, 2022

The advent of bitcoin in 2009 opened doors to investment opportunities in a new type of asset called cryptocurrency. Lots entered the space way early.

Enticed by the huge potential of these fledgling but promising investments and cryptocurrencies, investors bought them at bargain prices. Therefore, the bull run of 2017 saw them becoming millionairesor billionaires. However, even those who didn’t stake heavily made decent gains.

Three years later , cryptocurrencies remain profitable, and the market will continue to grow. You might already be an investor or trader or perhaps thinking Best crypto insurance company about making a go of it. In both cases it’s logical to understand the benefits of investing in cryptocurrency.

Cryptocurrency Has a Promising Future

According to a research report titled Imagine 2030, published by Deutsche Bank, credit and debit cards will be obsolete. The smartphones and various electronic gadgets are expected to take over.

Cryptocurrencies will no more be considered outcasts, but instead as an alternative to existing monetary systems. Their advantages, like the security of their systems, speeds, minimal transaction fees, convenience of storage, and the necessity in the digital era, will be recognized.

A set of clear regulations would help popularize the use of cryptocurrency, and encourage their use. The report predicts that there will be 200 million cryptocurrency wallet users by 2030, and 350 million by 2035.

Chance to be a part of an Growing Community

The #IndiaWantsCrypto campaign recently completed 600 days. It’s become a huge campaign to promote the use of blockchain and cryptocurrencies in India.

Additionally, recently, the Supreme Court judgment nullifying RBI’s crypto banking ban until 2018 has instilled a new optimism among Indian cryptocurrency and bitcoin investors.

In 2020, the Edelman Trust Barometer Report also highlights the growing faith in cryptocurrencies and blockchain technology. According to the research 73 percent of Indians believe in blockchain and cryptocurrency technology. 60% say that the impact of cryptocurrency/blockchain will be positive.

If you are a cryptocurrency investor You will be part of a flourishing and growing community.

Greater Profit Potential

Diversification is an essential investment guideline. Especially, during these times when the majority of assets have experienced large losses due to the economic troubles caused by COVID-19 pandemic.

The bitcoin investment has produced returns of 26% from the start of the year to date gold has given 16%. Other cryptocurrencies have also registered three-digit ROI. Stock markets as we are aware have had poor performances. Crude oil prices notoriously crashed below 0 in the April month.

The inclusion of bitcoin or other cryptocurrencies as part of your portfolio can help safeguard your investment’s value in uncertain global market conditions. This is also what was 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 24/7

In contrast to normal markets, the cryptocurrency market operates 24 hours a day, 7 days in a year without fatigue. It’s because the systems for digital currency are constructed using bits of code in software that are protected by cryptography.

The operational framework doesn’t have human interference. Thus, you’re free to trade crypto or invest in digital assets any time you’d like. This is a huge advantage! The cryptocurrency markets are extremely efficient that way.

 

No Paperwork or Formality Required

It is possible to invest bitcoin and other cryptocurrency at any time and at any time, without needing or limiting conditions.

In contrast to traditional investment options, which require a hefty amount of documentation is required to demonstrate your status as an accredited investor crypto-investment is open to everyone. Indeed, that’s the primary goal of the inception of cryptocurrencies. The decentralization of money and finance.

For buying any cryptocurrency on WazirX it is necessary to sign up for an account. you will need to supply some basic details including your bank account information. After they have been verified within a couple of hours, you’ll be good to start.

sole ownership in Investment

When you purchase bitcoin or another cryptocurrency, you become the sole owner of that specific digital asset. The transaction happens via a peer to peer arrangement.

Contrary to mutual funds, bonds or stockbrokers. No third party manages your investment on your behalf. You call the buying and selling shots whenever you’d like to.

Users’ autonomy is the primary benefit of cryptocurrency systems . It provides incredible opportunities to invest and build an asset on your main capital “independently”.

These were some of the advantages of investing in crypto. We hope that you will are able to convince yourself enough to get you started on your crypto investment journey.

By admin

Leave a Reply

Your email address will not be published.