Cryptocurrencies have been around for almost a decade now, but still, less than about 1% of the world population is engaged with it. One of the reasons why people are afraid of or do not want to invest in cryptocurrencies is because they are not fully aware of its potential.
This article aims to solve the general myth about cryptocurrencies and tell the top reasons why everyone should invest in it.
The top reasons why investing in cryptocurrencies is worth it.
Those who know anything about cryptocurrencies have probably heard of the blockchain, which is the underlying technology behind bitcoin and most other altcoins. Blockchain is the powerhouse behind everything that a cryptocurrency can do. The crypto’s ability to perform peer-to-peer transfers in a decentralized manner comes from the blockchain.
Blockchain is a distributed ledger technology that processes and verifies transactions involving cryptocurrencies. It uses distributed nodes to verify the transactions and then stores them on a public ledger in an encrypted form such that tampering a recorded transaction is nearly impossible.
2. Crypto is the future of money
Accept it or not, cryptocurrencies are the future of money and payments. With the world going digital and using the internet/mobile for performing even small to small everyday tasks, it is only inevitable that everyone around the world starts using digital money for payment-related transactions.
As of 2019, the total market cap of all cryptocurrencies was over $220 billion, which shows how big these digital currencies actually are.
3. Freedom to masses
Among other things, cryptocurrencies give the much-needed freedom of transaction to the masses by enabling them to perform all kinds of digital data/money transfers without the permission of centralized authorities such as the government or banks.
4. Simple and fast
Because of the removal of the middleman and any kind of intermediaries for transaction verification and processing, the blockchain/crypto transactions are relatively faster, as they do not have to go through the long process of verification by multiple centralized systems. This particularly benefits cross-border payments, which can be processed virtually within seconds.
5. Profitable investment product
If you are looking for a good place to make an investment this year, you should seriously consider cryptocurrencies. Here’s why.
- The price of bitcoin has increased by multiple hundred times since its launch, and it’s still increasing
- The returns in crypto investment are much higher than traditional stocks or deposits
- Crypto investment returns are faster, as the price shifts very frequently
There are some really good cryptos out there that you can invest in for significant profits in the long term. For instance, TTN (Titan Coin) is a highly popular coin with great use cases that can guarantee returns on your investments.
6. High liquidity
One of the other benefits of investing in cryptocurrencies is high liquidity. It means you can instantly liquidate your cryptocurrencies for easy cash any time you want, thanks to the existence of so many crypto exchange platforms.
Moreover, the crypto wallets allow you to manage, transfer and convert your cryptocurrencies easily, securely and in no time.
7. Cryptocurrencies are still new
While some can see this as a negative point, this is actually a good thing for those who are just starting out in the crypto industry. Being still in its nascent stage, the crypto sector is still affordable and reachable for the masses.
That means anyone can invest in cryptocurrencies in any budget. Since there are so many options out there, you can invest in a wide range of cryptocurrencies and altcoin, and not just bitcoin, that fits your budget perfectly.