The birth of bitcoin in 2009 opened the doors to investment opportunities in a new kind of assets – cryptocurrency. Lots of space in the early hours.
cryptocurrency prices live
Interested in the great potential of these new but promising properties, they bought cryptos at cheap prices. As a result, the bull run in 2017 saw them become millionaires / billionaires. Even those who do not bet a lot get a decent income.
Three years later cryptocurrencies remain profitable, and the market is here to stay. Become an investor / entrepreneur or maybe thinking of trying your luck. In the same case, it makes sense to know the benefits of investing in cryptocurrency.
Cryptocurrency Has a Bright Future
According to a report titled Imagine 2030, published by Deutsche Bank, credit and debit cards may become obsolete. Smartphones and other electronic devices will replace it.
Cryptocurrency is no longer seen as an outdated but an alternative to existing financial systems. Their benefits, such as security, speed, low transaction fees, ease of storage, and relevance of the digital age, are well known.
Concrete management instructions will populate cryptocurrencies, and increase their adoption. The report estimates that there will be 200 million cryptocurrency wallet users by 2030, and nearly 350 million by 2035.
Opportunity to be part of a Growing Community
WazirX’s #IndiaWantsCrypto the 600-day campaign was recently completed. It has become a major movement supporting the adoption of cryptocurrencies and blockchain in India.
Similarly, the recent Supreme Court ruling overturning the ban on crypto banking by the RBI from 2018 has sparked a new trust between Indian bitcoin and cryptocurrency investors.
The 2020 Edelman Trust Barometer Report also points to people’s growing reliance on cryptocurrency and blockchain technology. As is well known, 73% of Indians rely on cryptocurrency and blockchain technology. 60% say the cryptocurrency / blockchain effect could be positive.
By becoming a cryptocurrency investor, you stand to be part of a thriving and fast-growing community.
Increased Revenue Potential
Diversity is an important rule of thumb in investing. In particular, during these times most assets have suffered heavy economic loss driven by the COVID-19 pandemic.
While bitcoin investment provided a 26% return from the start of the year to date, gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. Stock markets like we know post bad performances. Crude oil prices fell sharply below 0 in April.
Including bitcoin or any other cryptocurrency in your portfolio can protect the value of your fund in uncertain market conditions in the world. This fact also impressed billionaire hedge fund manager Paul Tudor Jones a month back he announced plans to invest in Bitcoin.
Cryptocurrency Markets Available at 24X7X365
Contrary to traditional markets, the cryptocurrency market operates all the time, all day in a year without getting tired. That’s because digital currency systems are essentially designed using pieces of software code secured by cryptography.
The operating blueprint has nothing to do with human intervention. That is, you are free to sell crypto or invest in digital assets whenever you want. That’s a good thing! Cryptocurrency markets are very effective that way.
For example, Bitcoin successfully processed transactions with 99.98% uptime since its inception in 2009.
No Required Papers or Formalities
You can invest in bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.
Unlike the usual investment option, where a surprisingly large amount of documentation is required to prove yourself as an ‘accredited investor’, crypto-investment is free for everyone. In fact, that is the intended purpose behind the start of cryptocurrency. The democratization of finance / money.
For buying any cryptocurrency at WazirX, you need to open an account where you need to provide some basic details including information on your bank account. Once they are proven, within a few hours, you are good to go.
Only Owned Investment
If you buy bitcoin or any other cryptocurrency, you will be the sole owner of this particular digital property. The transaction took place in a peer-to-peer arrangement.
Unlike bonds, mutual funds, stockbrokers, there is no third party ‘managing your investment’ for you. You call buying and selling shots, whenever you want.
User autonomy is the greatest benefit of cryptocurrency systems that provide incredible opportunities to invest and create a corpus of your main capital ‘independently’.
Here are some of the benefits of investing in cryptocurrency. We ask that you find them useful and convincing enough to begin your journey of investing in crypto.