Cryptocurrency has taken over the world by a storm since its arrival. Many businesses and globally recognized firms and financial institutions like Tesla (which recently invested the sum of $1.5 billion in Bitcoin), BNY Mellon; America’s oldest bank, MasterCard, a host of other have associated themselves with it. Although cryptocurrency has received a warm embrace from majority of people, there is still a minority that shudders away from the thought of crypto currency and investing in it. So from us at TechBooky, we have carefully drafted our top reasons why you should take away those doubts you might have about crypto currency and invest in it.
1. Our first reason why you should consider trading and investing in cryptocurrency is the independence associated with it. No other currency can offer you the freedom crypto currency can give. With cryptocurrency, your money belongs to you alone! You are free from the mercy of financial institutions, organizations and people when you choose to use cryptocurrency. With cryptocurrency, you truly can be in charge of your money, you do not have to depend on the principles of any bank or organization to hold, transfer and transact.
2. Cryptocurrency has a high liquidity rate. What does this mean? This means that they are easy to buy, as well as sell off. The tools and tactics such as trading based on algorithm and automated buying and selling at a regulated price, provided by a variety of platforms make crypto currency have high liquidity.
3. Cryptocurrency is by far the simplest way to invest. We all know the hassles that regular investments like stocks, bonds and what have you are characterized by. Cryptocurrency is free paper works, visiting financial institutions and the overall stress other investment are associated with.
4. Another enticing reason to invest in cryptocurrency is the fact that you do not need a huge sum to invest. Other kinds of investment require large sums to invest in but with crypto currency, whatever amount you have can be used to invest, no matter how small you think it is.
5. Cryptocurrency returns are incredibly high. According to a post by Uber Facts, a Norwegian student who spent $27 on Bitcoin in 2009 and forgot about it, realized six years later that the value had grown to $886,000. Woah! Now let’s look at how Bitcoin has grown this month. Bitcoin hit the $50,000 milestone this month. In less than 24 hours, it grew to $51,000. In less than 72 hours, the value had gone to $52,000. Currently one Bitcoin is what $55,000. Now imagine how incredible your profits would have been if you had invested when it was $50,000 and waited for a few days. Now think of another investment that could give you this much profit in such a short time. We’re waiting.
6. According to financial experts, investing in cryptocurrency is one of the safest. Experts believe that cryptocurrency will continue to thrive in the future. In fact, cryptocurrency is being referred to as the evolution and democracy of money and experts say it is just a matter of time before the world goes cashless.
7. Cryptocurrency has a favourable forecast. Although there might be daily fluctuations sometimes, especially if you try to keep up with day-to-day crypto trading. One thing that is assured is that cryptocurrency will always have a favourable forecast.
We hope you had a good read and found this helpful. You might also want to check out the top five crypto currencies worth your investment in 2021.