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The birth of bitcoin in 2009 opened doors to investment opportunities in a entirely new type of asset class – cryptocurrency. Lots entered the area way early.

Intrigued by the immense potential of these fledgling but promising assets, they bought cryptos at cheap prices. Consequently, the bull run of 2017 saw them become millionaires/ billionaires. Even those that didn’t stake much reaped decent profits.

3 years later cryptocurrencies still remain profitable, as well as the market is here to stay. You may be an investor/trader or possibly contemplating trying your luck. In both cases, it makes sense to understand the benefits of
dogecoin millionaire erfahrungen.

Cryptocurrency Has a Bright Future

According to a report titled Imagine 2030, authored by Deutsche Bank, credit and debit cards will end up obsolete. Smartphones as well as other electronic devices will replace them.

Cryptocurrencies won’t be seen as outcasts but choices to existing monetary systems. Their benefits, including security, speed, minimal transaction fees, simplicity of storage, and relevance within the digital era, will probably be recognized.

Concrete regulatory guidelines would popularize cryptocurrencies, and boost their adoption. The report forecasts there will be 200 million cryptocurrency wallet users by 2030, and almost 350 million by the year 2035.

Chance to be part of an expanding Community

WazirX’s #IndiaWantsCrypto campaign recently completed 600 days. It is a massive movement supporting the adoption of cryptocurrencies and blockchain in India.

Also, the current Supreme Court judgment nullifying RBI’s crypto banking ban from 2018 has instilled a fresh rush of confidence amongst Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report also highlights peoples’ rising faith in cryptocurrencies and blockchain technology. As per the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% state that the impact of cryptocurrency/blockchain is going to be positive.

When you are a cryptocurrency investor, you will be a part of a thriving and rapidly expanding community.

Increased Potential profit

Diversification is central to the investment thumb rule. Especially, over these times when most of the assets have incurred heavy losses due to economic hardships spurred by the COVID-19 pandemic.

While purchase of bitcoin has given 26% returns from your starting of the year to date, gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. Stock markets as we all know have posted dismal performances. Crude oil prices notoriously crashed below 0 in the month of April.

Including bitcoin or another cryptocurrencies in your portfolio would protect your fund’s value such uncertain global market situations. This fact seemed to be impressed upon by billionaire macro hedge fund manager Paul Tudor Jones each time a month back he announced intends to invest in Bitcoin.

Cryptocurrency Finance industry is On 24X7X365

As opposed to usual markets, cryptocurrency markets operate twenty-four hours a day, all days every year without fatigue. That is because digital currency systems are essentially designed using texts code that are secured by cryptography.

The operational blueprint doesn’t require human interference. So, you are free to trade crypto or invest in digital assets whenever you want to. Which is a great benefit! Cryptocurrency markets are very efficient this way.