future technology  6 Benefits of Investing in Cryptocurrencies 2022

future technology 6 Benefits of Investing in Cryptocurrencies 2022

future technology 6 Benefits of Investing in Cryptocurrencies 2022

The birth of Bitcoin in 2009 opened the door to investment opportunities in a whole new category of assets – cryptocurrency. A lot of people quickly entered space.

Inspired by the immense potential of these growing but promising assets, they bought cryptocurrencies at cheap prices. As a result, the 2017 Bull Run made them millionaires / billionaires. Even those who did not share much made good profits.

Three years later cryptocurrencies are still profitable and the market is here to stay. You may already be an investor / trader or think of trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

Credit and debit cards will no longer be obsolete, according to Deutsche Bank’s Imagine 2030. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be considered neglected, but will be considered an alternative to existing currency systems. Their advantages such as security, speed, minimum transaction fee, ease of storage and suitability of the digital age will be recognized.

Strict regulatory guidelines will popularize cryptocurrencies and increase their adoption. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and nearly 350 million by 2035.

Opportunity to be a part of a developing community

WazirX’s #IndiaWantsCrypto The campaign recently completed 600 days. It has become a major movement in India to support the adoption of cryptocurrencies and blockchain.

Moreover, the Supreme Court ruling overturning the RBI’s crypto banking ban from 2018 has sparked new confidence among Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report further highlights public confidence in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians believe in cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency / blockchain will be positive.

By being a cryptocurrency investor, you are part of a prosperous and fast growing community.

Increased profit opportunity

Diversification is an essential investment rule. In particular, in these times when most assets have suffered huge losses due to the economic hardships triggered by the Govt-19 epidemic.

Although investing in Bitcoin has yielded 26% returns since the beginning of the year, gold has yielded 16% returns. Many other cryptocurrencies have registered a three-digit ROI. We all know that the stock markets have recorded poor performance. Crude oil prices fell below 0 in April.

Including Bitcoin or any other cryptocurrency in your portfolio will protect the value of your funds in such uncertain global market conditions. This fact was also impressed when billionaire macro hedge fund manager Paul Tudor Jones announced plans to invest in Bitcoin a month ago.

Cryptocurrency markets are located at 24X7X365

Unlike regular markets, cryptocurrency markets run around the clock tirelessly every day of the year. This is because digital currency systems are designed using software code protected by cryptography.

There is no human interference in the operational map. So, you can trade crypto anytime or invest in digital assets. That’s the big benefit! Cryptocurrency markets are very efficient in that respect.

For example, Bitcoin has successfully executed transactions with 99.98% uptime since its launch in 2009.

Tweet: https://twitter.com/fernandoulrich/status/1185368277557620736

No paperwork or ritual required

You can invest in Bitcoin or any other cryptocurrency anywhere, anytime without any unnecessary terms and conditions.

Unlike regular investment options, which require an absurd amount of documentation to prove you are an ‘authorized investor’, crypto-investment is free to all. In fact, that was the purpose behind the inception of cryptocurrencies. Democratization of finance / money.

To buy any cryptocurrency WazirX, You need to open an account and provide some basic details including your bank account information. Once they are checked, in a few hours, you can go.

The only right to invest

When you Buy Bitcoin Or any other cryptocurrency, you become the sole owner of the particular digital property. The transaction takes place in a bear-to-bear arrangement.

Unlike securities, mutual funds, and stockbrokers, no third party ‘manages your investment’ for you. You call the displays to buy and sell whenever you want.

User autonomy is the biggest advantage of cryptocurrency systems, which offers incredible opportunities to invest ‘independently’ in your primary capital and to create a corpus.

Here are some benefits of investing in cryptocurrencies. We hope they are useful and promising for you to embark on your crypto investment journey.

future technology 6 Benefits of Investing in Cryptocurrencies

future technology 6 Benefits of Investing in Cryptocurrencies

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