The world is in a bubble, and if you don’t know what to do about it, you could be a victim.
As crypto becomes increasingly popular and widely used, so too will it become increasingly difficult to identify who’s responsible for the price of crypto.
This week, we’ll be looking at five reasons to invest in cryptocurrencies and how you can benefit from the trend.1.
Crypto-based payments have more to offer than a cryptocurrency exchange.
The value of a crypto-based cryptocurrency is measured in terms of its underlying value.
You may have heard that cryptocurrency can be used as a form of payment, but it’s far more than that.
In the past few years, the value of cryptocurrencies has grown exponentially, reaching $20 billion in 2017 alone.
By using crypto to buy and sell goods and services, crypto has become an integral part of the everyday world, with more than 7.5 billion transactions made globally in 2017.
In 2018, cryptocurrency trading volume surpassed $10 billion.
And, as we’ll see, it will only continue to grow.2.
Crypto is just a means of payment.
While most of us have been used to the convenience of credit cards and debit cards for online shopping and online shopping carts, cryptocurrencies like Bitcoin are not only convenient, but also an attractive way to make payments.
As the value in cryptocurrencies grows, so does the value that people place on this form of money.
In 2017, Bitcoin accounted for $18.3 billion in global payments.
That is an increase of 1,100% from 2016, and represents a 50% increase from 2014.
And crypto-powered payments are no exception.
For example, in 2018, Visa, MasterCard, and American Express all issued cryptocurrency-based cards, and in 2019, PayPal released its own cryptocurrency-powered debit card.3.
Cryptocurrencies can help you save.
Cryptos are not new to the financial system.
Bitcoin was originally created by Satoshi Nakamoto in 2008, and has since grown to become one of the most popular cryptocurrencies in the world.
This is not to say that cryptocurrencies are not an asset class, however, because cryptocurrencies can be valuable in and of themselves.
A recent study from the University of California, Berkeley found that crypto-assets such as Bitcoin, Ethereum, and Litecoin can outperform stocks in some cases.
In addition, there is a growing trend for people to invest their cryptocurrencies into companies that employ crypto-savvy employees, who can use their crypto-coin as a means to generate revenue.4.
As we’ve seen, cryptocurrencies can also serve as a way for individuals to earn extra income.
With the growing demand for cryptocurrency, companies such as Ripple, Bitsquare, and the upcoming Coinbase are using cryptocurrency-enabled blockchain to streamline the process of getting cryptocurrency into the hands of customers.
While it is not a substitute for regular financial transactions, these payments can be much more secure, with the ability to track cryptocurrency payments securely.5.
Cryptols are a new form of asset class.
This brings us to the next reason to invest: The rising value of crypto-backed assets.
In 2016, the average cryptocurrency transaction value increased by 6.3%.
As the world’s population expands and the demand for digital currency grows, the amount of value that can be gained by investing in crypto-asset classes is growing as well.
For instance, the Ethereum ICO was the first to ever raise more than $1 billion in the cryptocurrency space, and this number will only increase as more crypto-firms and organizations utilize cryptocurrency-as-a-service platforms.
The Ethereum Classic token is currently trading at $8.75 per ETH.
While some cryptocurrencies are valued at more than the average, the growth in crypto assets as we move towards a “fiat” economy means that crypto assets are becoming more valuable in the eyes of the marketplace.