The birth of bitcoin in 2009 opened doors to investment opportunities in a entirely new sort of asset class – cryptocurrency. Lots entered the space way early.

Intrigued through 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 people who didn’t stake much reaped decent profits.

36 months later cryptocurrencies still remain profitable, and the market is not going anywhere soon. You may be an investor/trader or maybe contemplating trying your luck. In the two cases, it makes sense to understand the benefits of purchasing
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-Cryptocurrency Has a Good chance

According to a written report titled Imagine 2030, authored by Deutsche Bank, debit and credit cards can become obsolete. Smartphones along with other electronic devices will replace them.

Cryptocurrencies won’t be seen as outcasts but choices to existing monetary systems. Their benefits, for example security, speed, minimal transaction fees, easy storage, and relevance inside the digital era, is going to be recognized.

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

-Opportunity being part of an increasing Community

WazirX’s #IndiaWantsCrypto campaign recently completed 600 days. It is a massive movement supporting the adoption of cryptocurrencies and blockchain in India.

Also, the latest Supreme Court judgment nullifying RBI’s crypto banking ban from 2018 has instilled a new 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. As reported by the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say that the impact of cryptocurrency/blockchain will probably be positive.

When you’re a cryptocurrency investor, you stand to be a part of a thriving and rapidly growing community.

-Increased Potential profit

Diversification is central to the investment thumb rule. Especially, over these times when a lot of the assets have incurred heavy losses because of economic hardships spurred from the COVID-19 pandemic.

While investment in bitcoin has given 26% returns from your starting of year to date, gold has returned 16%. 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 within the month of April.

Including bitcoin or other cryptocurrencies in your portfolio would protect your fund’s value in these uncertain global market situations. This fact seemed to be impressed upon by billionaire macro hedge fund manager Paul Tudor Jones each time a month back he announced plans to invest in Bitcoin.

-Cryptocurrency Finance industry is On 24X7X365

As opposed to usual markets, cryptocurrency markets operate round the clock, all days in a year without fatigue. That is because digital currency systems are essentially designed using programs code which are secured by cryptography.

The operational blueprint doesn’t require human interference. So, you might be free to trade crypto or spend money on digital assets whenever you want to. Which is a great benefit! Cryptocurrency markets are very efficient like that.

E.g., Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.