A.D. The birth of bitcoin in 2009 opened up investment opportunities in a new type of asset – cryptocurrency. Lots already into space.
Captivated by these great but promising assets, they bought crypts cheaply. As a result, they have become billionaires in the 2017 Bull Race. Even those who do not share much have made a decent profit.
After three years, crypto currencies remain profitable, and the market is here to stay. You may already be an investor or you may be thinking of trying your luck. In either case, it is important to know the benefits of investing in cryptocurrencies.
Crypto currency has a bright future.
Credit and debit cards are out of date, according to Deutsche Bank’s Imagine 2030 report. Replace smartphones and other electronic devices.
Crypto currencies are seen as alternatives to the current financial system, not as isolated. They are known for their security, speed, low transaction fees, ease of storage and their relevant benefits in the digital age.
Concrete regulatory guidelines expand cryptocurrency, and increase adoption. The report predicts that by 2030 there will be 200 million crypto wallet users, and about 350 million users by 2035.
Opportunity to be part of a developing community
WazirX’s #IndiaWantsCrypto Campaign ended 600 days recently. It has become a major movement in India to support the adoption of cryptocurrencies and blockchain.
Also, the Supreme Court’s decision to lift the RBI’s crypto banking ban since 2018 has created a new level of trust between Indian bitcoin and cryptocurrency investors.
The Edelman Trust Barometer 2020 report shows people’s confidence in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians believe in cryptocurrencies and blockchain technology. Sixty percent say the impact of cryptocurrency / blockchain will be positive.
As a crypto investor, you become part of a thriving and fast-growing community.
Increased profit potential
Diversity is an important investment law. Especially during the economic crisis caused by the CVD-19 epidemic, when most of the property was severely damaged.
The bitcoin investment has yielded 26% return since the beginning of the year, while gold has returned 16%. Many other secret currencies have a three-digit ROI. As we all know, stock markets have had a bad performance. Crude oil prices fell by less than 0 in April.
It protects the value of your money in such uncertain world markets, including bitcoin or other cryptocurrencies in your portfolio. This fact surprised Paul Tudor Jones, managing director of the Macro Hedge Fund, when he announced his intention to invest in Bitcoin a month ago.
Crypto Currency Markets are on 24 X7X365.
As usual, cryptocurrencies operate day and night and work tirelessly throughout the year. This is because digital currency systems are basically designed to be encrypted by software code.
The design does not involve human intervention. So, you are free to trade crypto or invest in digital assets whenever you want. That is a great benefit! Cryptocurrency markets are very effective this way.
For example, Bitcoin has successfully traded 99.98% of its temporary transactions since its inception in 2009.
No paperwork or regularity required
You can invest in bitcoin or any other cryptocurrency anywhere, anytime, without any unnecessary terms and conditions.
Unlike traditional investment options, crypto-investment is free for everyone when you need a surprisingly large amount of documentation to prove yourself as a ‘recognized investor’. In fact, this was the goal behind the creation of cryptocurrencies. Financial Democracy.
To buy any cryptocurrency on WazirksYou will need to open an account where you will need to provide some basic details, including bank account information. Once verified, in a few hours, it is best to leave.
Sole ownership in investment
When you buy Bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction takes place in a peer-to-peer setting.
There is no third party that ‘manages your investment’ like bonds, mutual funds, stock brokers. You can buy and sell bullets whenever you want.
User self-management is the biggest advantage of cryptocurrency systems that offer amazing opportunities to invest in your ‘capital’ and build a corpus.
These were just some of the benefits of investing in cryptocurrencies. We hope you find it useful and convincing to start your crypto investment journey.