The birth of bitcoin in 2009 opened the door to investment opportunities in a completely new type of cryptocurrency. Entered space very early.
Interested in the great potential of these new but promising creatures, they bought cryptocurrencies at a low price. As a result, the 2017 bullfight saw them become millionaires / billionaires. Those who did not contribute much also earned a decent income.
Three years later, cryptocurrencies are still profitable and the market is ready to stay. You may already be an investor / trader or you may want to try 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 by Deutsche Bank called Imagine 2030, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.
Cryptocurrencies will no longer be seen as an alternative to existing monetary systems. Benefits such as security, speed, minimum transaction fee, ease of storage and relevance in the digital age will be recognized.
Specific regulatory guidelines will popularize cryptocurrencies and increase their acceptance. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and 350 million by 2035.
Opportunity to be a part of the growing Union
WazirX’s #IndiaCrypto Wants The campaign was recently completed in 600 days. It has become a mass movement in India supporting the adoption of cryptocurrencies and the blockchain.
In addition, the recent Supreme Court decision to lift the RBI’s ban on crypto banking from 2018 has created new confidence among Indian bitcoin and cryptocurrency investors.
The 2020 Edelman Trust Barometer Report also highlighted people’s growing confidence in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians believe in cryptocurrencies and blockchain technology. 60% say the impact of the cryptocurrency / blockchain will be positive.
As a cryptocurrency investor, you show that you are part of a growing and fast-growing society.
Increased profit potential
Diversification is an important investment sign. Especially at a time when most of the creatures have suffered heavy losses due to the economic hardships caused by the COVID-19 pandemic.
Investments in Bitcoin have yielded 26% since the beginning of the year, while gold has returned 16%. Many other cryptocurrencies have a three-digit ROI. The stock exchanges we all know have performed sadly. Crude oil prices fell below zero in April.
Adding bitcoin or any other cryptocurrency to your portfolio will protect the value of your fund in such an uncertain global market situation. This fact was also impressed when billionaire macro hedge fund manager Paul Tudor Jones announced a month ago that he planned to invest in Bitcoin.
Cryptocurrency markets are 24X7X365
Unlike ordinary markets, cryptocurrency markets operate tirelessly day and night all year round. Because digital currency systems are essentially made using pieces of software code provided with cryptography.
The action plan does not include human intervention. So you are free to trade crypto or invest in digital assets at any time. This is a great benefit! Cryptocurrency markets are very effective in this way.
Bitcoin, for example, has been successful with 99.98% uptime since its inception in 2009.
No documents or formalities required
You can invest in bitcoin or any other cryptocurrency anywhere and anytime without unnecessary terms and conditions.
Unlike conventional investment options, which require absurdly high documents to prove yourself as an ‘accredited investor’, crypto investment is free for everyone. In fact, this was the target behind the origins of cryptocurrencies. Democratization of finance / money.
To buy any cryptocurrency WazirX, you need to open an account where you need to provide some basic information, including bank account information. Once they are approved, you are ready to go in a few hours.
Sole ownership in investment
When you buy Bitcoin or any other cryptocurrency, you will be the sole owner of this digital asset. The operation takes place in a peer-to-peer setting.
Unlike bonds, mutual funds, stockbrokers, no third party manages the investment for you. You can call the sales staff at any time.
User autonomy is the biggest benefit of cryptocurrency systems, which provide incredible opportunities to ‘independently’ invest in your fixed capital and create a corpus.
These were some of the benefits of investing in cryptocurrencies. I hope you find them useful and convincing enough to start your crypto investment journey.