BENEFITS OF INVESTING IN CRYPTOCURRENCY

BENEFITS OF INVESTING IN CRYPTOCURRENCY

The bitcoin’s birth in 2009 opened doors to investing opportunities in a completely new type of asset known as cryptocurrency. Many ventured into the market early.

Incredulous at the potential of these tiny yet promising assets They bought cryptos at bargain prices. Thus, the bull market of 2017 saw them turn into millionairesor billionaires. Even those who didn’t stake heavily made decent gains.

Three years later , cryptocurrencies are profitable and the market will continue to grow. Perhaps you are already an investor or trader, or you may be thinking of having a go. In either case it is sensible to know the benefits of investing in cryptocurrencies.

Cryptocurrency Has a Promising Future

According to a report entitled Imagine 2030, Best crypto insurance company published by Deutsche Bank, credit and debit cards will soon become obsolete. Electronic devices and smartphones will take over.

Cryptocurrencies will no more be thought of as an outcast, but as alternatives to existing monetary systems. Their advantages, like reliability, security, low transaction costs, easy storage, and importance in the age of digital, will be recognized.

Specific regulations could help promote cryptocurrency and increase their adoption. The report forecasts that there will be around 200 million cryptocurrency wallet users by 2030, and close to 350 million by the year 2035.

Opportunity to be part of a Growing Community

the #IndiaWantsCrypto campaign was recently concluded with 600 days. It’s grown into a massive movement that is promoting the adoption of blockchain technology and cryptocurrency in India.

In addition this week’s Supreme Court judgment nullifying RBI’s crypto banking ban until 2018 . It has brought a new feeling of confidence in Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report also exposes the rising faith in cryptocurrencies and blockchain technology. According to the report, 73 percent of Indians are in agreement with blockchain technology. 60% say that the impact of cryptocurrency/blockchain will be positive.

By being a cryptocurrency investor you will be part of a flourishing and fast-growing community.

Higher Profit Potential

Diversification is an important investment guideline. Particularly, in these times when the majority of assets have suffered heavy losses due to economic troubles caused by COVID-19 pandemic.

Bitcoin investment has returned 26% since the beginning of the year until today, gold has returned 16 percent. A variety of other cryptocurrency has registered three-digit ROI. Stock markets, as we are aware have had poor performances. The prices of crude oil have been notoriously falling to below zero in the month of April.

Incorporating bitcoin or other cryptocurrency you have to your portfolio will help safeguard your investment’s value during uncertain global market conditions. This idea was also commented on by billionaire macro hedge fund director Paul Tudor Jones when a month ago he announced plans to invest in Bitcoin.

Cryptocurrency Markets Are Open 24X7X365

Contrary to conventional markets, cryptocurrency markets operate round the clock, all days of the year, with no fatigue. The reason is that digital currency systems are constructed using bits of code in software that are secured by cryptography.

The operational model doesn’t involve any human intervention. So, you are free to trade cryptocurrency or invest in digital assets whenever you’d like to. That’s a great benefit! Markets for cryptocurrency are highly efficient this way.

 

No Formal or Paperwork Required

It is possible to invest bitcoin and other cryptocurrency at any time and at any time without having to adhere to any limitations and restrictions.

Contrary to conventional investment options which require a hefty amount of paperwork is required to establish yourself as an ‘accredited investor’, crypto-investment is free for all. In fact, that was originally the goal behind the introduction of cryptocurrencies. The goal was to make money more accessible and affordable.

For buying any cryptocurrency on WazirX You must create an account. To do this, you only need to provide certain basic details, such as your bank account information. After verification, within a few hours, you’ll be ready to go.

SOLE OWNERSHIP IN Investment

When you buy bitcoin or another cryptocurrency it becomes the sole owner of that specific digital asset. The transaction takes place through a peer-to-peer transaction.

Contrary to mutual funds, bonds, stockbrokers, no third party manages your investment on your behalf. You call the buying and selling shots, whenever you want to.

Users’ autonomy is the primary benefit of cryptocurrency systems that offers incredible opportunities to build and invest an investment portfolio on your primary capital “independently”.

These are just some of the advantages of investing in cryptocurrency. We hope that you will find them useful and convincing enough to begin your crypto investment journey.


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