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Top 10 reasons to invest in cryptocurrencies today
If you are reading this article, you have heard about cryptocurrency and how it is revolutionizing the world of finance and investments. But should you invest your hard-earned money in this crazy new digital asset class? What are the risks and potential benefits?
We’re here to explain why investing in cryptocurrencies makes sense in today’s rapidly changing landscape. Here are the top 10 reasons to invest in cryptocurrencies as soon as possible.
Cryptocurrency is the future of money
Let’s start with the most important point: many experts believe that cryptocurrency is the future of buying, selling, saving and transferring money globally. By eliminating intermediaries like banks and governments, cryptocurrencies run on decentralized blockchain networks that enable peer-to-peer, borderless transactions.
With cryptocurrencies, you have complete control of your funds in a way that has never been possible. No third party can block, censor or unnecessarily deduct fees from your transactions. Your money is protected by advanced encryption rather than trusted financial institutions. This is a revolutionary leap for the economic world.
Investment growth
Speaking of significant investment gains, cryptocurrencies are arguably the most important modern wealth generating opportunity we have ever seen in our lifetime. Potential returns last longer than possible in the regulated stock market or other traditional assets.
For example, an investment of just $100 in Bitcoin in 2010 would be worth over $9 million today. Even getting in as recently as 2019 could have easily made 10 or 20 times your money in just a couple of years as Bitcoin skyrocketed from $5,000 per coin to over $60,000. Crazy!
Cutting-edge technology
However, it’s not just about making easy money. Cryptocurrency and blockchain technology represent a shift in finance, economics, and even the Internet itself as we know it.
Concepts such as decentralized apps (dApps), smart contracts, NFTs and DeFi (decentralized finance) may need to be clarified now. However, they could soon fuel a new generation of services, products and business models that will make today’s norms seem archaic. Investing in cryptocurrencies gives you access to this cutting-edge innovation from the ground floor up.
Portfolio diversification
For wise investors who understand the importance of diversification, cryptocurrencies represent a powerful counterbalance and hedge against losses in other areas of the portfolio. Unlike stocks, bonds, real estate or other conventional assets, cryptocurrency prices tend to move independently of those markets.
Thanks to its global and decentralized nature, cryptocurrency markets they trade 24/7 and are largely resistant to factors such as recessions, interest rates, or any nation’s economic turmoil. Many cryptocurrencies also provide staking rewards that offer passive recurring income streams, providing unique risk and income diversification.
Younger generations are now adopting
Cryptocurrencies are increasingly being taken seriously as a worthwhile investment because younger generations, such as millennials and Generation Z, are the driving force behind mainstream adoption and traction. And as we all know, the future tends to go where young people lead!
These digital groups instinctively understand and latch on to this new idea of decentralized, peer-to-peer cryptocurrencies that allows them to avoid traditional financial intermediaries. As this generation begins to enter its prime earning and investing years, you can expect even greater demand for cryptocurrencies.
Cryptographic applications are constantly emerging
While Bitcoin and other OG cryptocurrencies were primarily designed to serve as secure alternatives to digital cash for peer-to-peer payments, the applications and use cases of blockchain technology have expanded far beyond in fascinating new directions.
Everything from digitized art and collectibles with NFTs to decentralized organizations powered by smart contracts and cryptocurrencies that provide seamless international remittances and financial services for the world’s unbanked populations is now a reality. And this is just the tip of the iceberg.
Democratized access
Unlike traditional investments, which are often opaque, expensive, and reserved for high-net-worth individuals, cryptocurrency is highly accessible and democratized for all. Thanks to the peer-to-peer nature of blockchain, anyone with a smartphone and an internet connection can buy, trade and invest in cryptocurrencies!
And you don’t even need large capital investments to start building a cryptocurrency portfolio. Even smaller investments of $100 or less can put you on the path to wealth creation, given the enormous upside potential of many cryptocurrencies currently valued at fractions of a cent.
Trading apps like Coinbase, Bitcoin Bank, Cash App, and cryptocurrency exchanges have also greatly simplified the purchase of cryptocurrencies from anywhere with just a few clicks. What was once a dark and intimidating process is now highly accessible with apps like Bitcoin Bank.
Growing acceptance and legitimacy
For a long time, major institutions and financial powers have dismissed cryptocurrency as a niche interest reserved only for tech enthusiasts. But those days are now firmly in the rearview mirror. Today, major fintech giants, banks, regulators and even governments are fully embracing cryptocurrencies, without trying to fight or ignore them.
From PayPal adding cryptocurrency purchasing functionality to its platform to entire countries like El Salvador adopting Bitcoin as legal tender to mega-institutions like Fidelity and JP Morgan Chase launching their own crypto funds and trading services, institutional investing it is undeniable.
Merge with culture and daily life
Beyond just finance, cryptocurrencies are quickly becoming a pop cultural phenomenon as they permeate our daily lives and entertainment. Top athletes like Tom Brady and companies like AMC Theater accept cryptocurrency payments.
Celebrities are aggressively promoting crypto exchanges and platforms to their millions of social media followers. Traditional video games and social apps like Fortnite and Twitter are also rushing to incorporate cryptographic mechanisms like digital asset purchases, rewards, and NFT integrations.
Powerful automated tools
Finally, the most compelling reason to start investing in cryptocurrencies today is that it’s easier and more intuitive than ever, thanks to a booming market of automated cryptocurrency trading bots and AI-powered investment tools.
With sophisticated technology now handling all the advanced operations, while you simply set your investment criteria, cryptocurrencies have become ridiculously simple for retail investors of any experience level to start investing their money in blockchain assets today.
In short
We could easily list even more compelling factors that signal that now is indeed the ideal time to get off the sidelines and start building an allocation to cryptocurrency within your broader investment portfolios.
Combined with institutional approvals that help validate cryptocurrencies and the abundance of new automated investment tools that remove any complexity or technical challenge to simply participating in cryptocurrencies, forward-thinking investors have no reason to wait any longer.
This post is provided by a third party who may receive compensation from products or services mentioned.