Cryptocurrency is a new way of investment. But most people are totally unaware of the potential that Cryptocurrency has. Just because of the lack of knowledge and understanding, they do not consider the pros of Cryptocurrency.
Though there are a lot of people who have plenty of knowledge about Cryptocurrency but cannot decide whether it will be right to invest or not, in case you belong to those people, Here I will help you to decide.
6 Pros Of Cryptocurrency In 2021
Here in this article, I will tell you about the 6 pros of Cryptocurrency that will remove your confusion and help you to make a decision in favor of investing in Cryptocurrencies. So, let’s get started.
1. High Liquidity
If you are wondering whether you should invest in the Crypto world or not, here is another pros of Cryptocurrency, and that is the high liquidity of all Cryptos. If you are thinking about how to buy Cryptocurrency, let me tell you, buying and selling Cryptos are super easy.
You also can convert them into fiat currencies at any point you want. For example, if we consider Bitcoin, the demand for Bitcoin is really high. As per data, by 2020, the total number of Cryptocurrency wallets has increased to over 50 million.
Trading with Cryptocurrencies is not only more prominent businesses, ambitious investors, or big whales like this. It may seem so complicated, but actually, it is not. The trading platforms have good technical organizations, so selling and buying Cryptos are easy.
2. Demand Growth
With the launching of Bitcoin, the concept of Cryptocurrency comes into the market. It was 2009 when Satoshi Nakamoto developed Bitcoin. Being a Cryptocurrency, Bitcoin also has a decentralized nature.
In the past few years, Bitcoin has proved that it is here to stay and also worth investing in it. Along with Bitcoin, other Cryptocurrencies have changed the traditional financial system. One of the many pros of Cryptocurrency is that it offers full freedom to its users, and they have total control over their finances.
In addition to these, they also do not need to rely on the banks. It is not a new whim or trend but a reality. There are around 5 thousand Cryptocurrencies available for investment.
3. Bright Future
Experts are saying that the overall future of Cryptocurrencies is more than just bright. This is another pros of Cryptocurrency that make it a great investment option in 2021. Though they are highly volatile from time to time, they are more promising and safer than other types of investments.
Take the example of Bitcoin. However, there were several instances during which the end of Bitcoin was declared, but instead of all those hurdles, it survives. And moreover that, during this tough time of the global pandemic, Bitcoin continues to flourish.
During the starting of this global pandemic, the price of Bitcoin was around $4,000. But now, in May 2021, it managed to cross $63,000 by April 2021. It is also said that investing in Bitcoin during this time is safer.
4. Potentially Great Return
The main reason why people are investing in Cryptocurrency is that it has the potential of offering great returns. You may not like it, but money makes the world move around, and for the same reason, Cryptocurrency is the best one to put your money in.
If you compare the potential of return for Cryptocurrencies, it is much higher than any other traditional way of investment, like stocks. Instead of its volatile nature, from a single trade, the potential achievement of high returns is totally possible.
But it is always advised that before making any investment for the pros of Cryptocurrency, make sure you are totally aware of all the potential risks. So, strategize wisely in order to limit your losses so that you can get possible high returns.
5. No Mediators
The level of freedom that Cryptocurrency offers is of another level. When you keep your money in the bank, you are at the mercy of the organization and the people. In case the bank is closed, you only have limited access to your money.
On the other hand, the bank also can get bankrupt or robbed. But with Cryptocurrencies, your money is not going anywhere. They are just going to stay with you forever. For any kind of holdings or possible transfer, there is no need to rely on any financial institutions.
This is one of the best pros of Cryptocurrency. You also can avoid the huge fees that third parties often charge for transactions. In the near future, Cryptocurrency will become the basis of the decentralized financial system.
Any kind of investment like bonds and stocks can be bothersome and time-consuming at the same time. For example, similar to other investment opportunities, real estate has a very high threshold value.
But with Cryptocurrencies, the scenario is totally different. You can easily take part in the investment. It does not require any kind of paper. You also do not need to visit a bank or deal with any institutions.
After knowing all these pros of Cryptocurrency, I hope the confusion you had in your head has gone. On the basis of all these reasons, now you can make a firm decision about your investment in the Crypto world. But you need to make sure that you are totally aware of the potential risks before making an investment.
Guest article written by: Sofia kelly is a passionate blogger. She loves to share her thoughts, ideas and experiences with the world through blogging. Ani Johnson is associated with Dream Land Estate, Emblem Wealth, Top Preference, Big Jar News, Okey Magazine & Global Business Diary.