6 Benefits of Investing in Binance Cryptocurrencies
With the advent of bitcoin in 2009, investment opportunities opened for a new type of asset class: cryptocurrency. Many people entered the space early.
They became intrigued by the enormous potential of these promising assets. The bull run of 2017 saw them become billionaires/millionaires. Even those with low stakes reaped decent profits.
Three years on, cryptocurrency is still profitable 비트코인 가격 and the market will not stop growing. You might be an investor/trader already or are thinking of trying your luck. Both cases are valid, so it is important to understand the benefits of investing cryptocurrency.
Cryptocurrency Has A Bright Future
Deutsche Bank’s Imagine 2030 report states that credit and debit cards are likely to become obsolete. Smartphones, and other electronic devices, will replace them.
Cryptocurrencies are no longer seen as an outcast, but as alternatives to existing monetary systems. Cryptocurrencies’ benefits, including speed, security and minimal transaction fees, storage ease, and relevance in the digital age, will be acknowledged.
Concrete regulatory guidelines could promote cryptocurrency adoption and encourage their use. The report predicts that by 2030 there will be more than 200 million users of cryptocurrency wallets, and nearly 350 million by 2035.
Join a Growing Community
WazirX recently completed 600 days of its #IndiaWantsCrypto Campaign. It has been a major movement to support the adoption of cryptocurrencies, and blockchain in India.
A recent Supreme Court decision that nullified the RBI’s crypto banking ban for 2018 has also instilled new confidence among Indian bitcoin and cryptocurrency investors.
The 2020 Edelman Trust Barometer Report also highlights the people’s increasing faith in blockchain technology and cryptocurrency. The findings show that 73% of Indians trust blockchain technology as well as cryptocurrencies. 60% say that the impact of cryptocurrency/blockchain will be positive.
You can become a cryptocurrency investor and be part of a growing, vibrant community.
Increased Profitability
Diversification can be a good investment tip. This is especially true during times like these, when most assets have experienced heavy losses due to economic hardships triggered by the COVID-19 epidemic.
Investments in bitcoin have yielded 26% since the start of the year. Gold has returned 16%. Many other cryptocurrencies have a three-digit return on investment. Stock markets, as we know, have shown dismal performances. The Crude Oil Prices fell below 0 in April.
In such uncertain markets, including bitcoin and any other cryptocurrency in your portfolio will help protect your fund’s investment value. Paul Tudor Jones, a billionaire macro hedge-fund manager, also noted this fact when he announced plans in January to invest Bitcoin.
Cryptocurrency markets are open 24x7x365
Contrary to traditional markets, cryptocurrency markets work 24 hours a day, every day of the year, without fatigue. Because digital currency systems are basically built from pieces of software code that are protected by cryptography,
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