Did you know that the cryptocurrency market is the 8th largest global economy? Well, it’s true.
This sector is worth around $2.19 trillion and consists of several types of digital currencies. Whether you’re looking to buy Bitcoin, Ethereum, Litecoin, or Dogecoin, there’s an awesome investment out there to fit your needs. Read on to learn some of the biggest reasons to invest in cryptocurrency so you can turn an enormous profit.
1. It’s Easily Accessible
Cryptocurrency- especially Bitcoin- is extremely easy to access regardless of where you live. Many people choose to purchase it via online exchanges. These exchanges connect you with a seller so that you can make an anonymous and automatic transaction.
However, exchanges are somewhat inconvenient since you need to wait a week or so for the funds to appear in your eWallet. This is why Bitcoin ATMs are more popular than ever. These kiosks, located in gas stations, banks, and department stores, let you buy Bitcoin within 5 minutes so that you can enjoy its benefits immediately.
2. It’s Growing in Popularity
Another awesome reason to invest in Bitcoin is that it’s becoming more and more popular each year. In fact, over half of financial experts surveyed believe that Bitcoin will replace fiat currency by 2050.
If you invest in Bitcoin today, you’re putting yourself ahead of the rest of the world. By the time that fiat currency is obsolete, you’ll have been using crypto for years and won’t need to uproot your lifestyle. You also will be much richer because your Bitcoin will have increased in value over time.
3. It’s a Lucrative Investment
But how much will Bitcoin’s value increase over the years, exactly?
Experts project that Bitcoin’s value will grow at an ‘unheard of’ 2000% CAGR. Let’s say that you bought $100 worth of Bitcoin today- in one year, you’d have $2000. In 2050, when Bitcoin replaces fiat currency, you’d have made a gross profit of around $56,000. As soon as you choose to invest, you increase the likelihood of future financial wellness.
4. Bitcoin Is Easily Spendable
In the past, Bitcoin has been difficult to spend. People could only do so at very specific online venues. However, more eCommerce sites and other subscription services are offering Bitcoin payment options than ever before.
You can also spend crypto in stores. PayPal has made this easy since you can pay in Bitcoin directly from your account. All you need to do is scan the eWallet’s QR code in locations where PayPal pay is accepted as a payment method.
Major credit card companies are also making Bitcoin debit cards that you can swipe in stores. These cards can be loaded with crypto and used anywhere that the debit card carrier is accepted. It’s super easy and convenient!
Invest in Cryptocurrency Today!
While there are lots of awesome investments that can diversify your portfolio, crypto is one of the best. It’s low risk, high reward, and ever-increasing in popularity.
Now that you know why you should invest in cryptocurrency ASAP, it’s time to learn more about Bitcoin. Check out the ‘technology’ tab on our home page to learn more about digital assets and how you can use them in your day-to-day life.
