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6 Benefits of Investing in Cryptocurrencies

The start of bitcoin in 2009 opened doors to investment opportunities in a wholly new kind of asset class - cryptocurrency. Lots entered the space way early.

Intrigued by the immense potential of these fledgling but promising property, they bought cryptos at low-cost prices. Consequently, the bull run of 2017 noticed them develop into millionaires/ billionaires. Even those who didn't stake much reaped first rate profits.

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

Cryptocurrency Has a Vivid Future

In keeping with a report titled Imagine 2030, revealed by Deutsche Bank, credit and debit cards will grow to be obsolete. Smartphones and different electronic units will substitute them.

Cryptocurrencies will now not be seen as outcasts but options to current monetary systems. Their benefits, reminiscent of security, pace, minimal transaction fees, ease of storage, and relevance within the digital period, can be recognized.

Concrete regulatory guidelines would popularize cryptocurrencies, and increase their adoption. The report forecasts that there can be 200 million cryptocurrency wallet users by 2030, and nearly 350 million by the year 2035.

Opportunity to be part of a Growing Community

WazirX's IndiaWantsCrypto campaign lately accomplished 600 days. It has turn out to be an enormous movement supporting the adoption of cryptocurrencies and blockchain in India.

Additionally, the current Supreme Court judgment nullifying RBI's crypto banking ban from 2018 has instilled a new rush of confidence amongst Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report also points out peoples' rising faith in cryptocurrencies and blockchain technology. As per the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say that the impact of cryptocurrency/blockchain shall be positive.

By being a cryptocurrency investor, you stand to be a part of a thriving and quickly rising community.

Increased Profit Potential

Diversification is an essential investment thumb rule. Especially, throughout these instances when the foremostity of the property have incurred heavy losses on account of financial hardships spurred by the COVID-19 pandemic.

While investment in bitcoin has given 26% returns from the starting of the year up to now, gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. Stock markets as all of us know have posted dismal performances. Crude oil prices notoriously crashed beneath zero within the month of April.

Including bitcoin or some other cryptocurrencies in your portfolio would protect your fund's worth in such unsure global market situations. This fact was additionally impressed upon by billionaire macro hedge fund manager Paul Tudor Jones when a month back he announced plans to invest in Bitcoin.

Cryptocurrency Markets Are On 24X7X365

Versus traditional markets, cryptocurrency markets operate round the clock, all days in a year without fatigue. That's because digital currency systems are essentially designed using pieces of software code which are secured by cryptography.

The operational blueprint does not involve human interference. So, you might be free to trade crypto or invest in digital belongings whenever you want to. That's an excellent benefit! Cryptocurrency markets are very environment friendly that way.

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