The birth of bitcoin in 2009 opened the doors to an entirely new asset class – cryptocurrency investment opportunities. Many entered the space early.
Intrigued by the huge potential of these fledgling but promising assets, they bought cryptocurrencies at a bargain price. Consequently, the 2017 bull run saw them become millionaires/billionaires. Even those who did not invest much money made a decent profit.
Three years later, cryptocurrencies are still profitable and the market is here to stay. You may already be an investor/trader or thinking of trying your luck. Either way, it makes sense to know the benefits of investing in cryptocurrencies.
Cryptocurrency has a bright future
Credit and debit cards will become obsolete, according to a report called Imagine 2030 published by Deutsche Bank. Smartphones and other electronic devices will replace them.
Cryptocurrencies will no longer be seen as outliers, but as alternatives to existing monetary systems. Their benefits such as security, speed, minimal transaction fees, ease of storage and compatibility in the digital age will be recognized.
Concrete regulatory rules will popularize cryptocurrencies and increase their adoption. The report predicts that the number of cryptocurrency wallet users will reach 200 million by 2030 and around 350 million by 2035.
An opportunity to be part of a growing Community
WazirX’s #India Wants Crypto the campaign recently completed in 600 days. It has become a grassroots movement supporting the adoption of cryptocurrencies and blockchain in India.
Also, the Supreme Court’s recent judgment overturning the RBI’s ban on crypto banking from 2018 has created a new surge of confidence among Indian bitcoin and cryptocurrency investors.
The 2020 Edelman Trust Barometer Report also shows people’s increasing trust in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency/blockchain will be positive.
By becoming a cryptocurrency investor, you become part of a thriving and rapidly growing community.
Increased Profit Potential
Diversification is a basic investment rule. Especially in these times when most of the assets have suffered huge losses due to the economic difficulties caused by the COVID-19 pandemic.
While investing in Bitcoin has returned 26% year-to-date, gold has returned 16%. Many other cryptocurrencies have recorded triple-digit ROIs. As we all know, stock markets have shown dismal performances. Crude oil prices fell below 0 in April.
Including bitcoin or any other cryptocurrencies in your portfolio will protect the value of your fund even in uncertain global market conditions. This fact was also influenced by billionaire macro hedge fund manager Paul Tudor Jones when he announced plans to invest in Bitcoin a month ago.
Cryptocurrency Markets Available 24X7X365
Unlike regular markets, cryptocurrency markets work around the clock, all days of the year without fatigue. This is because digital currency systems are designed using pieces of cryptographically protected software code.
The operational plan does not involve human intervention. So you are free to trade crypto or invest in digital assets whenever you want. This is a great benefit! Cryptocurrency markets are very efficient in this way.
For example, Bitcoin has successfully processed transactions with a 99.98% uptime since its inception in 2009.
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No paperwork or clearance is required
You can invest in bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.
Unlike conventional investment options where an absurdly high amount of documentation is required to prove yourself as an “accredited investor”, crypto-investing is free for all. In fact, this was the intended purpose behind the creation of cryptocurrencies. Democratization of finance/money.
To buy any cryptocurrency VizirX, you need to open an account, for which you just need to provide some basic information, including your bank account information. Once they’re approved, you’re ready to go within hours.
Sole Ownership in Investment
When you buy Bitcoin or any other cryptocurrency, you become the sole owner of that digital asset. The transaction takes place in a peer-to-peer agreement.
Unlike bonds, mutual funds, stock brokers, no third party “manages your capital” for you. You call the sales staff whenever you want.
User autonomy is the biggest advantage of cryptocurrency systems, which provides incredible opportunities to invest your main capital and build a corpus “independently”.
These were some of the advantages of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your crypto investment journey.