The advent of bitcoin in 2009 opened the door to a whole new kind of investment opportunity – cryptocurrency. Many entered space early.
Interested in the enormous potential of these emerging but promising assets, they bought cryptocurrencies at low prices. Consequently, the 2017 bull run saw them as millionaires / billionaires. Even those who made fewer bets made a decent profit.
Three years from now, cryptocurrencies are still profitable, and the market will stay here. You may already be an investor / trader or maybe you are thinking of trying your luck. In either case, it makes sense to know the benefits of investing in cryptocurrencies.
Cryptocurrency has a bright future
According to a report published by Deutsche Bank entitled Imagine 2030, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.
Cryptocurrencies will no longer be seen as obsolete, but as alternatives to existing monetary systems. Their advantages, such as security, speed, minimum transaction fees, ease of maintenance, and digital age relevance, will be recognized.
Specific regulatory guidelines will be cryptocurrencies, promoting their adoption. The report predicts that by 2030 there will be 200 million users of cryptocurrency wallets, and by 2035 – almost 350 million.
Opportunity to be part of a growing community
WazirX’s #IndiaWantsCrypto: The campaign recently ended in 600 days. It has become a mass movement supporting the adoption of cryptocurrencies և blockchain in India.
The recent Supreme Court ruling that lifts the RBI cryptocurrency ban from 2018 has given new impetus to Indian bitcoin պտ cryptocurrency investors.
The Edelman Trust Barometer 2020 report highlights people’s growing confidence in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians trust cryptocurrencies and blockchain technologies. 60% say that the impact of cryptocurrency / blockchain will be positive.
As a cryptocurrency investor, you can become part of a thriving, fast-growing community.
Increase profit potential
Diversification is the basic rule of investing. Especially at this time when most of the assets have suffered heavy losses due to the economic hardships caused by the COVID-19 epidemic.
Although investments in bitcoin have yielded 26% since the beginning of the year, gold has returned 16%. Many other cryptocurrencies have a three-digit ROI. Stock markets, as we all know, have had sad results. Crude oil prices plummeted below zero in April.
The inclusion of bitcoin or any other cryptocurrency in your portfolio will protect the value of your fund in such uncertain world market situations. Paul Tudor Jones, the manager of billionaire macro hedge fund, was impressed by this fact when he announced his intention to invest in Bitcoin a month ago.
Cryptocurrency markets operate 24X7X365
Unlike regular markets, cryptocurrency markets are open 24 hours a day, 7 days a week without any fatigue. This is because digital currency systems are essentially designed using pieces of software that are secured by cryptography.
The operational plan does not involve human intervention. So you are free to trade cryptocurrencies or invest in digital assets whenever you want. That is a great benefit. Cryptocurrency markets are very effective in this way.
For example, Bitcoin has successfully processed transactions with 99.98% operating time since the beginning of 2009.
No paperwork or formalities are required
You can invest in Bitcoin or any other cryptocurrency anywhere, anytime, without any additional conditions.
Unlike traditional investment options, which require an absurd amount of paperwork to prove you are an “accredited investor”, crypto-investment is free for everyone. In fact, that was the goal of cryptocurrencies. Democratization of finances / money.
To buy any cryptocurrency WazirX:, you need to open an account, for which you just need to provide some basic details, including your bank account information. Once they are checked, in a few hours you are ready to go.
Exclusive ownership in investments
When you buy bitcoin or any other cryptocurrency, you become the sole owner of that digital asset. The transaction takes place in agreement with the partners.
Unlike bonds, mutual funds, stock brokers, no third party “manages your investments” on your behalf. You can buy and sell shots whenever you want.
User autonomy is the biggest advantage of cryptocurrency systems, which gives incredible opportunities to invest in an “independent” corpus on your fixed capital.
These are some of the benefits of investing in cryptocurrencies. We hope you find them useful and compelling enough to start your crypto investment journey.