6 Benefits of Investing in Cryptocurrency

The birth of Bitcoin in 2009 opened the door to investment in a whole new type of asset class – the cryptocurrency. Enter the space path very quickly.

Interested in the immense potential of this new but promising asset, they bought crypto at a cheaper price. As a result, they have become millionaires / billionaires in the 2017 bull race. Even those who did not share too much have made decent profits.

Even after three years, cryptocurrency remains profitable, and the market is here. You may already be an investor / businessman or you are thinking of trying your luck. In both cases there is a complete digestive tract.

Cryptocurrency has a bright future

Credit and debit cards will become obsolete, according to a report by Imagine 2030 published by Deutsche Bank. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as excluded but as an alternative to the existing monetary system. Their advantages, such as security, speed, minimal transaction fees, ease of storage and relevance in the digital age, will be recognized.

Concrete regulatory guidelines will popularize cryptocurrencies and increase their acceptance. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and about 350 million by 2035.

Opportunity to be part of a growing community

WazirX’s #IndiaWantsCrypto The campaign recently completed 600 days. It has become a huge movement in India supporting the adoption of cryptocurrency and blockchain.

Also, the recent Supreme Court ruling lifting the RBI’s crypto banking ban from 2018 has created a new wave of confidence among Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report also points to people’s growing confidence in cryptocurrency and blockchain technology. According to the results, 73% of Indians believe in cryptocurrency and blockchain technology. 60% said that the effect of cryptocurrency / blockchain would be positive.

By being a cryptocurrency investor, you can be part of a prosperous and fast-growing community.

Possibility of increased profits

Diversity is an essential investment thumb rule. Especially at a time when most of the resources have been severely damaged due to the economic hardships caused by the Kovid-19 epidemic.

Although investing in Bitcoin has returned 26% since the beginning of the year, Gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. The stock market as we all know has posted disappointing performances. In April, crude oil prices plummeted to below zero.

Incorporating Bitcoin or any other cryptocurrency into your portfolio will protect the value of your funds in such uncertain global market conditions. This fact was influenced by billionaire macro hedge fund manager Paul Tudor Jones when he announced his plans to invest in Bitcoin a month ago.

The cryptocurrency market is open 24X7X365

Unlike normal markets, cryptocurrency markets operate year-round, year-round without fatigue. This is because digital currency systems are primarily designed using pieces of software code that are protected by cryptography.

Operational blueprints do not involve human intervention. So, you can trade crypto or invest in digital assets whenever you want. That’s a great advantage! The cryptocurrency market is very efficient in that way.

For example, Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.

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No paperwork or formalities required

You can invest in Bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.

Unlike conventional investment options, where unreasonably high amounts of documentation are required to prove oneself as a ‘recognized investor’, crypto-investment is free for all. Indeed, that was the purpose behind the introduction of cryptocurrency. Democracy of money / money.

To buy any cryptocurrency WazirX, You need to open an account for which you need to provide some basic details including your bank account information. Once they are verified, in a few hours, you can go.

Sole proprietorship 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 system.

Unlike bonds, mutual funds, stock brokers, no third party manages your investment for you. Call buying and selling shots whenever you want.

User autonomy is the biggest advantage of a cryptocurrency system that offers the incredible opportunity to ‘individually’ invest in your core capital and create a corpus.

These are just some of the goal setting shareware that you can use. We hope you find these useful and reliable enough to embark on your crypto investment journey.