Only about 16% of Americans have already invested in cryptocurrency. The rest are missing out on one of the biggest opportunity costs to ever hit the planet.
For example, Bitcoin was around $7,000 in December 2019. In November 2021, Bitcoin hist almost $70,000. Those are some serious gains.
And people who invested in 2019 weren’t even early to the party. 2019 investors thought they missed the boat, yet here we are watching Bitcoin continue to hit all-time highs. The Undeniable Benefits of Investing
The boat hasn’t left the harbor just yet. If you want to start investing in cryptocurrency, so you can start seeing these kinds of gains in your wealth portfolio, today is the day. With Bitcoin’s price history, every smart investor is considering allocating part of their portfolio to crypto.
Read on below to learn about the undeniable benefits of investing in crypto today. The Undeniable Benefits of Investing
Also read: What is API in the crypto wallet?
Huge Gain Potential By Cryptocurrency
The main reason people currently invest in crypto, and the main reason newbies want to invest in crypto, is for the earnings potential. So many cryptocurrencies are available, with new ones popping up all the time.
And many of them grow and grow, producing returns that exceed 1,000X in many instances.
In the stock market, you’re likely to make 7% to 10% on your investment each year. Investing in Bitcoin in 2021 alone would put you up at least 90%. An investment in Solana at the beginning of 2021 would put you up 11,541%.
Don’t you want some of that action?
A healthy financial portfolio is a diversified one. In the past, bonds were seen as low-risk, low-reward investments, while stocks were the high-risk, high-reward investments.
Today, stocks are low-risk, low-reward while crypto is higher-risk, much higher-reward. Allocate at least a portion of your portfolio into large-cap cryptocurrencies to start increasing your gains.
Cryptocurrency is not controlled or owned by any single entity. it can’t be banned or devalued by anyone. It exists on the internet, powered by the blockchain network, one of the greatest innovations in the fintech industry. The open ledger on the blockchain helps to verify transactions and keep the currency safe and secure.
This keeps your investment safe from authorities who would try to control or censor your funds.
In 2021, many currencies across the world are experiencing rapid inflation. For billions of people, getting paid in fiat currency means your money is losing purchasing power daily.
But many cryptocurrencies, like Bitcoin, operate as a store of value. Despite all of the fluctuation, storing some or all of your money in crypto can protect your money from the horrors of hyperinflation.
Crypto is used primarily as an investment vehicle. But much of crypto’s value comes from the underlying utility it can provide.
For example, crypto can be sent peer to peer, without the need for an intermediary to facilitate the transaction. Crypto can also be used to make purchases online or in person.
And you can even use crypto to gamble with, allowing you to easily access off-shore casinos. Check the best Bitcoin casino here if that tickles your fancy.
You can also use crypto to borrow, lend, and earn interest by staking or checking out the latest Defi protocols.
You can’t do any of that with your stocks, can you?
Start Investing in Cryptocurrency Today
Investing in cryptocurrency is no longer a niche, obscure hobby restricted to computer nerds and conspiracy theorists. Crypto is now part of sound financial management strategies, with many of the largest, traditional finance institutions buying in, or at least considering it.
Looking for more advice on how to manage your money? Be sure to check out our blog now to find other helpful articles.
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