Cryptocurrencies have experienced tremendous popularity worldwide. This popularity has moved more people to Invest in them. What do you think; Is investing in cryptocurrencies a worthwhile investment? In this article, we will try to clearly present 4 reasons why you should invest in cryptocurrencies.
Some of the reasons why you should invest in cryptocurrencies include:
1 – huge potential growth
Since 2009, more and more cryptocurrencies have been launched, each of these cryptocurrencies are designed to offer different services, while some improve on already existing platforms.
Over the years, digital assets have experienced a tremendous rise in the value of its digital assets. The increase in value means that you as an investor will stand to gain if the price soars higher. For example, individuals that invested in Bitcoin as at the time of its release would be happy they did. Today a BTC token is valued at $10,710.
Price volatility of crypto assets is one reason why you should invest. You can buy low and sell for a higher price.
2 – Profit returns you never imagined
Investing in cryptocurrencies offers you returns that you have never imagined. To explain better, let us carry out a comparison between Bitcoin and US stock. Let’s say you invested the sum of $20,000 in US stock in 2016. Your total investment return will be about $24,000 from January 2016 until January 2018. If you invested in Bitcoin, your return will be about $60,000. If you invested in Ethereum, your investment will have experienced a 46% increase, meaning that with just $10,000 invested you could have an investment return of about $470,000 in six months time.
We only used Ethereum and Bitcoin as an example, there are hundreds of other cryptocurrencies that will offer you more investment returns. These large investment returns are as a result of the increase and popularity of cryptocurrencies.
3 – Empowerment and freedom
As humans, we tend to rebel against constituted authority. Most times, though we get tired of structures and central authority systems. The emergence of cryptocurrencies have turned the table around, you are in control of your transactions and affairs. Cryptocurrencies eliminate dependence on financial institutions for the transfer of funds from one account to another.
There are numerous cryptocurrency platforms that allow you make transfers with little or no charge. There are also wallets that you can use to store your digital assets based on your own terms.
4 – It is cheap
There are over 1,300 cryptocurrencies in existence. Each of these cryptocurrencies is valued differently, meaning that with a small amount you can Invest.
There are cryptocurrencies with their digital assets valued as low as $0.73. This means that you can invest little money and get a high return on investment. There are different prices for digital assets for all class of people.
These cryptocurrencies are experiencing tremendous growth and experts are predicting that in the coming years it will keep growing. It is never too late to Invest.
Before investing, it is important that you conduct a careful research on how each platform works and its predictable market growth.
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