Birth of bitcoin in 2009 opened doors for investment opportunities in a completely new form of asset class-cryptocurrency. Lots got in the way of room early. Intrigued by the tremendous potential of these young but promising properties, cryptos were bought at cheap prices. The 2017 bull run thus saw them becoming millionaires / billionaires. Even those who had not much stake reaped good income.If you wish to learn more about this, visit more info here.
Three years later still remain lucrative cryptocurrencies and the demand is here to stay. You may already be an investor / trader or maybe consider trying your luck. In both cases understanding the advantages of investing in cryptocurrencies makes sense.
Cryptocurrency Has a Future
The credit and debit cards will become redundant, according to a study entitled Imagine 2030, released by Deutsche Bank. These are replaced by smartphones and other electronic devices.
Cryptocurrencies would be treated no longer as outcasts but as alternatives to current monetary structures. Its benefits, such as security, speed, minimal transaction fees, ease of storage and digital relevance, will be recognized.
Concrete regulatory guidelines will popularize and promote their acceptance of cryptocurrencies. The study estimates that by 2030 there will be 200 million users of crypto-currency wallets, and by 2035 almost 350 million.
A chance to become a member of a a culture
Recently completed 600 days of # IndiaWantsCrypto campaign by WazirX. It has become a massive movement in India which supports the adoption of cryptocurrencies and blockchain.
Also, the recent Supreme Court judgment overturning RBI ‘s 2018 crypto-banking ban has ignited a new rush of confidence among Indian bitcoin and crypto-currency investors.
The 2020 Edelman Confidence Barometer Report also highlights the growing faith of the people in cryptocurrencies and blockchain technology. 73 per cent of Indians trust cryptocurrency and blockchain technology according to the results. 60 per cent say the cryptocurrency / blockchain effect is going to be good.
You stand to be a part of a vibrant and rapidly growing culture by being a crypto-currency investor.
Increased opportunity for profit
Diversification is an important rule of thumb for investments. Especially when most of the assets incurred heavy losses due to economic difficulties sparked by the COVID-19 pandemic during those periods.