The birthing of Bitcoin in 2009 paved the way for many bitcoin investment opportunities in a completely new asset class: cryptocurrency. It entered the room too early.
Intrigued by the enormous potential of these young but promising assets, individuals bought cryptocurrencies at low prices. As a result, they became millionaires / billionaires in the 2017 Bull Run. Even those who didn’t gamble made significant profits.
Several years later, cryptocurrencies are still profitable and the market persists. Perhaps you are already an investor / trader or considering trying your luck. In any case, it makes sense to know the benefits of investing in cryptocurrencies.
Bitcoin has a bright future
Credit and debit cards are out of date, according to a report released by Deutsche Bank called Imagine 2030. Smartphones and other electronic devices are replacing them.
Cryptocurrencies are no longer seen as pariahs, but as alternatives to existing currency systems. The advantages such as security, speed, minimal transaction costs, easy storage and relevance in the digital age are recognized.
Concrete guidelines would make cryptocurrencies popular and drive their introduction. The report predicts that there will be 200 million Crypto Wallet users by 2030 and nearly 350 million by 2035.
Ability to be part of a growing community
WazirX’s #IndiaWantsCrypto campaign recently completed for 600 days. It has become a massive movement backing cryptocurrencies and the introduction of blockchain in India.
In addition, the recent Supreme Court ruling to lift RBI’s crypto banking ban for 2018 has sparked a new wave of confidence among Indian investors in Bitcoin and cryptocurrencies.
According to the results, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say the effects of the cryptocurrency / blockchain will be positive.
As a cryptocurrency investor, you are part of a rapidly growing and thriving community.
Higher earning potential
Diversification is a rule of thumb for investing. Especially during these times when most assets have suffered heavy losses due to economic setbacks caused by the COVID-19 pandemic.
While investments in Bitcoin had a return of 26% since the beginning of the year, gold had a return of 16%. Many other cryptocurrencies have achieved a three-digit ROI. As we all know, the stock markets have done very poorly. Crude oil prices fell sharply below 0 in April.
The inclusion of bitcoins or other cryptocurrencies in your portfolio protects the value of your fund in such uncertain situations on the world market. That fact also impressed billionaire macro hedge fund manager Paul Tudor Jones when he announced plans to invest in Bitcoin a month ago.
Cryptocurrency markets are live at 24 X 7 X 365
Unlike regular markets, cryptocurrency markets are active day and night, every day of the year with no fatigue. This is because digital currency systems are essentially designed using cryptographically secured software codes.
The operational plan does not contain any human intervention. So you can trade cryptocurrencies or invest in digital assets at any time. That’s a big advantage! Cryptocurrency markets are very efficient this way.
For example, Bitcoin has successfully processed several millions transactions with almost 100% availability, actually 99.9% availability since it came into existence in 2009.
No paperwork or paperwork required
You can invest in Bitcoins or any other cryptocurrency anywhere, anytime and without unnecessary conditions.
Unlike traditional investment options, which require an absurdly high amount of documentation to prove that you are an accredited investor, investing in cryptocurrencies is free for everyone. In fact, that was the purpose behind the creation of cryptocurrencies- the democratization of finance / money.
To buy cryptocurrencies, you need to open an account that only requires certain basic information, including your bank account details. Once verified, you can be up and running in a few hours.
Exclusive investment property
At any time you purchase bitcoin or any other cryptocurrency, you are automatically the sole owner of that particular cryptocurrency or digital asset. The transaction takes place under a peer-to-peer agreement.
Unlike bonds, mutual funds and brokers, no third party manages your investment for you. You make buying and selling decisions whenever you want.
User autonomy is the greatest advantage of systems and investing in cryptocurrency provides you this.