6 benefits of investing in cryptocurrencies

The birth of bitcoin in 2009 opened the door to investing in a completely new asset class – cryptocurrency. Many entered space early.

Interested in the great potential of these new but promising assets, they bought cryptocurrencies at a low price. As a result, the 2017 bull run saw them become millionaires / billionaires. Even those who did not invest much money earned a decent income.

Three years later, cryptocurrencies are still profitable and the market continues to remain here. You can already be an investor / trader or intend 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 Imagine 2030 published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as an removed monetary system, but as an alternative to existing monetary systems. Their benefits such as security, speed, minimum transaction fees, ease of storage and compatibility in the digital age will be recognized.

Specific regulations will popularize cryptocurrencies and increase their acceptance. The report predicts that by 2030, the number of users of cryptocurrency wallets will be 200 million, and by 2035 – about 350 million.

Opportunity to be part of a growing community

WazirX’s #India Crypto Wants The campaign was recently completed in 600 days. It has become a mass movement in India supporting the adoption of cryptocurrencies and blockchain.

Also, the recent Supreme Court decision to lift the RBI’s ban on crypto banking from 2018 has created a new wave of confidence among Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report also shows people’s growing confidence in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians rely on cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency / blockchain will be positive.

As a cryptocurrency investor, you are part of a growing and fast-growing society.

Increasing Profit Potential

Diversification is the main rule of investment. Especially at a time when most of the assets have suffered huge losses due to the economic difficulties caused by the COVID-19 pandemic.

Although investing in Bitcoin has yielded 26% since the beginning of the year, gold has returned 16%. Many other cryptocurrencies recorded three-digit ROI. As we all know, the stock exchanges performed sadly. Crude oil prices fell below zero in April.

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

Cryptocurrency Markets Available 24X7X365

Unlike conventional markets, cryptocurrency markets operate around the clock without fatigue all day of the year. This is because digital currency systems are designed using pieces of software code protected by cryptography.

The action plan does not involve human intervention. So you are free to trade cryptocurrencies or invest in digital assets at any time. This is a great benefit! Cryptocurrency markets are very efficient in this way.

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

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No documentation or paperwork is required

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

Unlike conventional investment options, which require an absurdly high amount of paperwork to prove yourself as an “accredited investor,” crypto-investment is free for everyone. In fact, this was the purpose behind the creation of cryptocurrencies. Democratization of finance / money.

To buy any cryptocurrency VizierX, you need to open an account, you just need to provide some basic details, including your bank account information. You are ready to leave within a few hours after they are approved.

The only property in the investment

When you buy Bitcoin or any other cryptocurrency, you are the sole owner of that digital asset. The operation takes place in a peer-to-peer agreement.

Unlike bonds, mutual funds, stockbrokers, no third party “manages your capital” for you. You can call sales staff whenever you want.

User autonomy is the biggest advantage of cryptocurrency systems, which offers incredible opportunities to invest in your fixed capital “independently” and build a corps.

These were some of the advantages of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your cryptocurrency investment journey.