Contents
Proving all naysayers wrong, the crypto industry has not only been able to survive but also scale up on a glorious note. The emerging asset industry reached up to a mighty $3 trillion mark in just little over a decade. True, three crashes almost in a row in 2022 have been devastating yet crypto champions have not lost hope yet. In fact, according to a recent survey, over 70% institutional investors have expressed keen interest in cryptocurrency investing in the coming years. Despite a tumultuous 2022, the crypto market is poised to grow by 5x by the year 2030.
Reasons are manifold as to why crypto has been able to scale up as a coveted investment asset in the contemporary investment scene.
Multiple advantages of putting your money in cryptocurrency investing
Prospects of high growth and high return
Bitcoin has been predicted to touch the $100,000 mark by the last lap of 2025. Ethereum has also been estimated to grow by around 400% after its Merge upgrade. Some of the meme coins, coins that were once launched on hype, are launching NFT collections. One good example would be Shiba Inu. Put simply, the crypto industry is bustling with the potential of proliferating growth.
In regard to return, cryptocurrency investing has shown to generate way more returns in comparison with traditional assets like stocks. For example, Ethereum and Bitcoin have grown by 500% and 1000% respectively over the past 5 years. In comparison to such colossal growth, the stock market has grown by just 65% within the same timeframe.
The major reason behind higher profitability ratio of cryptocurrency investing is the signature wild volatility of the crypto market.
Reads More: skunk haircut
Worldwide market
Cryptocurrency has been launched backed by the ethos of democratization of finance. One of the ways by which the crypto industry achieves the goal is through a worldwide market. With traditional investment assets, the trading and investing market are restricted to their particular geographical regions. For example, if you are a citizen of India, you cannot invest or trade at the stock exchange of an American city.
But, the crypto industry practices more flexibility with cryptocurrency investing. You could be an Indian citizen and still could invest in a crypto asset at a crypto exchange located in the USA. It’s to note here that India houses one of the largest bases of crypto investors in the world even when crypto is not legal in the country.
Higher security
Cryptocurrency transactions are recorded in a blockchain ledger and are guarded by high-profile cryptographic protection which is almost impenetrable by hackers. Moreover, the blockchain ledger maintains a completely transparent database where each transaction is visible to the entire blockchain network. Thus, if anyone tries to create some false transaction, the entire network would be able to know about it. Moreover, the blockchain ledger is completely immutable. Thus, nobody would be able to tamper with crypto transaction data.
24/7 availability
This is one advantage that cryptocurrency investing holds over traditional investment assets.
You can invest in the crypto market at any time of the day and night you wish to, as per your personal preferences. On the other hand, traditional investment asset markets are open for limited hours in a day as well as closed on holidays and weekends. But, the cryptocurrency investing and trading market is open every single day and every single time, all through the year. The major benefit of 24/7 availability is easy access to your crypto funds whenever needed. Say, you need some money due to an emergency urgently, and it is a holiday. You cannot depend on bank and stock investments here as those would be closed. But, the crypto market would allow you to access your funds and liquidate them just whenever you would need to.
Final words
While crypto brings high profits, cryptocurrency investing could lead to devastating losses as well. Thus, you should maintain great caution while choosing a cryptocurrency for cryptocurrency investing. buy bitcoin
Your chosen crypto should assure real-life applications and truly functional use cases. Choose a crypto that has been able to show a high rate of growth potential over the years as well as a sound stability ratio. Be careful while choosing the crypto exchange as well.
Author Bio:
This is Aryan, I am a professional SEO Expert & Write for us technology blog and submit a guest post on different platforms- Technoohub provides a good opportunity for content writers to submit guest posts on our website. We frequently highlight and tend to showcase guests