The emergence of bitcoin in 2009 paved the way for investing opportunities in cryptocurrency, a completely new kind of asset. Many people arrived very early.

They purchased cryptocurrencies at low prices because they were intrigued by the enormous potential of these young yet promising commodities. As a result, they became millionaires or billionaires during the 2017 bull market. Even those who didn't stake a lot made respectable gains.

Cryptocurrencies are still profitable three years later, and the market is here to stay. You might already be a trader or investor, or you might be thinking about trying your luck. Knowing the advantages of investing in cryptocurrency makes sense in both situations.

The Future of Cryptocurrency is Bright

Credit and debit cards will be rendered obsolete, claims a Deutsche Bank paper dubbed Imagine 2030. They will be replaced by smartphones and other electronic devices.

The perception of cryptocurrencies as misfits will change to one of alternatives to current monetary systems. Their advantages, such as security, quickness, low transaction costs, simplicity of storage, and applicability in the digital age, will be acknowledged.

The acceptance of cryptocurrencies would increase if there were clear regulatory guidelines in place. By 2030, there will be 200 million bitcoin wallet users, and by 2035, there will be close to 350 million.

Possibility of Participating in a Growing Community

The #USAWantsCrypto campaign by WazirX recently reached 600 days. Support for the use of cryptocurrencies and blockchain in the US has grown significantly.

Additionally, the recent Supreme Court decision overturning the RBI's 2018 prohibition on cryptocurrency banking has given investors in bitcoin and other cryptocurrencies in the United States a fresh surge of confidence.

The 2020 Edelman Trust Barometer Report also highlights the rise in public trust in blockchain technology and cryptocurrencies. According to the research, 73% of United States believe in blockchain technology and cryptocurrencies. There will be a positive impact on society, according to 60% of respondents.

Being an investor in cryptocurrencies gives you the opportunity to join a vibrant and expanding community.

Enhanced Profitability

One important investment maxim is to diversify. Particularly now, when the majority of the assets have suffered significant losses as a result of the COVID-19 pandemic-related economic troubles.

Gold has returned 16% while investments in bitcoin have returned 26% since the year's beginning. Numerous other cryptocurrencies have three-digit returns on investment. As we are all aware, stock markets have had poor results. In April, the price of crude oil famously plunged below zero.

In such unstable global market conditions, including bitcoin or any other cryptocurrencies in your portfolio would safeguard the value of your fund. Paul Tudor Jones, the billionaire macro hedge fund manager who recently revealed ambitions to invest in Bitcoin, was likewise pleased by this fact.

Markets For Cryptocurrencies Are Open 24/7/365

Unlike traditional markets, which close at a set time each day of the year, cryptocurrency markets are open 24/7. This is so because digital currency systems are essentially created using computer code that is encrypted.

There is no human intervention in the operational plan. So, whenever you want, you can trade cryptocurrencies or make investments in digital assets. What a wonderful advantage! That makes cryptocurrency markets highly effective.

No formalities or paperwork are necessary.

Without any extra terms or limitations, you can invest in bitcoin or any other cryptocurrency anywhere, at any time.

Crypto-investment is open to everyone, unlike traditional investment alternatives where an unreasonably large amount of documentation is needed to prove you are a "accredited investor." In fact, creating cryptocurrencies with that purpose in mind was the original idea. democratization of finance and currency.

You must first register an account with WazirX in order to purchase any cryptocurrency, and to do so, you only need to give some basic information, such as the details of your bank account. You can move forward after they are authenticated, which usually takes a few hours.

Individual Ownership of Investment

When you purchase a cryptocurrency, such as bitcoin or another one, you take exclusive ownership of that particular digital asset. Peer to peer transactions take place during the transaction.

No outside party "manages your investment" for you, unlike bonds, mutual funds, and stockbrokers. You have complete control over the buying and selling decisions.

The largest advantage of cryptocurrency systems is user autonomy, which offers incredible potential to invest and develop a corpus on your initial investment "independently."

These were a few advantages of cryptocurrency investment. We sincerely hope that you will find them helpful and persuasive enough to begin your cryptocurrency investment journey.

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