Cryptocurrency price

 The birth of bitcoin in 2009 opened doors to investment opportunities in a completely new kind of asset class - cryptocurrency. Lots entered the area way early.

Cryptocurrency price intrigued by the immense potential of those 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.

Four years later cryptocurrencies still remain profitable, and the industry will be here to stay. You could already be an investor/trader or maybe contemplating trying your luck. In both cases, it makes sense to understand the benefits of purchasing cryptocurrencies.

Based on a written report titled Imagine 2030, published by Deutsche Bank, credit and debit cards can become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will not be regarded as outcasts but as alternatives to existing monetary systems. Their benefits, such as security, speed, minimal transaction fees, ease of storage, and relevance in the digital era, will undoubtedly be recognized.

Concrete regulatory guidelines would popularize cryptocurrencies, and boost their adoption. The report forecasts that you will see 200 million cryptocurrency wallet users by 2030, and almost 350 million by the season 2035.

The campaign recently completed 600 days. It has changed into a massive movement supporting the adoption of cryptocurrencies and blockchain in India.

Also, the recent 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 points out peoples' rising faith in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% claim that the impact of cryptocurrency/blockchain will undoubtedly be positive.

By being a cryptocurrency investor, you stand to be part of a thriving and rapidly growing community. Diversification is an important investment thumb rule. Especially, during this period when many assets have incurred heavy losses as a result of economic hardships spurred by the COVID-19 pandemic.

While investment in bitcoin has given 26% returns right away of the season up to now, gold has returned 16%. A great 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 any other cryptocurrencies in your portfolio would protect your fund's value in such uncertain global market situations. This fact was also impressed upon by billionaire macro hedge fund manager Paul Tudor Jones each time a month back he announced plans to invest in Bitcoin.

In place of usual markets, cryptocurrency markets operate across the clock, all days in a year without fatigue. That's because digital currency systems are essentially designed using items of software code that can be secured by cryptography.

The operational blueprint doesn't involve human interference. Cryptocurrency price so, you are absolved to trade crypto or spend money on digital assets whenever you want to. That's a great benefit! Cryptocurrency markets are very efficient that way.