Why Should You Invest in Crypto? 5 Reasons From PointPay
Cryptocurrencies continue to be the most exciting thing that has happened in the world of investment in a very long time. But only twelve years ago, a lot of people would have laughed if you said you would hold part of an investment portfolio in crypto… Even though cryptocurrencies are rapidly gaining popularity, PointPay experts know that some investors are still hesitant and are trying to decide whether crypto is a good investment opportunity or not. Why should you invest in crypto?
With some major news in the cryptocurrency industry, 2021 could be called the ‘year of crypto’. AND even more is expected in 2022. If you feel excited about cryptocurrencies but don’t know where to start, PointPay experts have prepared a list of top 5 reasons to start investing in digital assets. So let’s get it started!
Huge profit potential
It is generally accepted that only precious metals, stocks, and real estate can be called safe assets. However, discussions about whether Bitcoin can compete with such assets still continue.
For example, the head of research at Fidelity Digital Assets, Chris Kuiper believes Bitcoin still has significant “upside potential” while being a less risky investment because of its 12-year track record. Many analysts believe Bitcoin will always stay a major part of the cryptocurrency ecosystem in the future. What is more, corporate and institutional adoption of cryptocurrencies continues to pick up. With that in mind, Bitcoin and other cryptocurrencies will most likely stay “money anchors” with unbelievable profit potential.
A perfect for long-term investment
Despite all the volatility and fluctuations, crypto investing is considered to be extremely profitable in the long run. With Bitcoin and the whole crypto market growing at over 150% in just one year, this is something almost obvious. Cryptocurrency can serve as a smart source of savings after retirement and provide a financial buffer during times of sudden economic crises.
Transparency and security
Many investors are interested in cryptocurrencies chiefly because of their transparency, owing to open-source and publicly-verifiable technology. Blockchain is a secure chain of digital records that exist on multiple computers simultaneously. It means no record can be erased or falsified. The system’s resilience ensures many backups, and the lack of a central storage place ensures there is no one target for hackers. However, you need to be careful when choosing an exchange for trading crypto. For example, PointPay is one of the most promising cryptocurrency start-ups of 2021. Its crypto exchange is the perfect platform for experienced crypto traders and new users who just started trading.
Flexibility and accessibility
24/7 availability of cryptocurrency trading allows everyone to be flexible in organizing their investment activities. You can invest and withdraw your money anytime at PointPay. In addition, many altcoins only increase the potential for generating wealth and help traders diversify their portfolios.
Getting started is super easy
The technology and concept of cryptocurrency may seem complicated, but it is very easy to learn this way of investing. Start with considering a few basic rules and facts. First, cryptocurrencies should only make up a small part of your investment portfolio. Secondly, there are hundreds of cryptocurrencies to choose from. From secure stable coins to quite risky meme coins. Finally, don’t forget about the DYOR (Do Your Own Research) rule.
In 2012, one Bitcoin was valued at only $112. In December of 2021, a single Bitcoin was valued in excess of $57,000. Undoubtedly, Bitcoin is unparalleled in the marketplace both in terms of its value and long-term viability. However, there are other altcoins that have also seen a similarly rapid and dramatic increase in its value.
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