Technology keeps growing each year. People used to use cash to purchase something. While nowadays, many people prefer using a credit card to do their transactions. This development is also including in investment. There are so many investment instruments in the world. You may already have known about stocks, real estate, and other alternative investments. However, you may still do not know about crypto investment. Cryptocurrency or crypto is a digital currency that is a legal payment instrument that is used by many countries in the world. Like a usual currency, cryptocurrency also has different currency such as Bitcoin, the most popular one. Recently, crypto popularity has been getting higher every single day. It is because the price can be multiplied by a hundred percent in just a year. If you still do knot know about crypto investment, take a look at the following article.
Investing in crypto is a part of technology innovation
As crypto is a digital currency, investing in this kind of currency is included as important technology innovation. Unlike the usual currency, you cannot see the physical form of the crypto itself. It is all circulating in the digital world. The technology that underlies Blockchain is not only the world of Crypto Assets; there are many more. From supply chain management and accounting to greater quality assurance, more transparent production lines, and even fairer voting systems, Blockchain has the potential to change the way our world operates for the better. By investing in Crypto Assets, you are helping to support the continued evolution of this innovative and transformational technology designed to benefit future generations. Using cryptocurrency also gives you ease in doing the transaction for goods or services. Besides, crypto is also time-saving rather than the usual currency. There are so many digital currencies available such as Bitcoin, Tether, XRP, and so on. You can choose which has the best performance and based on your asset’s capability.
Crypto may change the future and industries
Crypto assets are digital commodities that use blockchain technology. Previously, blockchain technology was known for changing the financial industry, where to make transactions, no intermediaries were needed. However, the blockchain technology that underlies this cryptocurrency can transform not only the financial industry but also 42 other industries. Based on several findings, the 42 industries that Blockchain might transform include banking, social media, advertising, entertainment, health, insurance, property, sports, energy, government, and various other industries.
In addition, crypto assets are considered the most attractive alternative assets to be an investment choice. This is not without reason. One of the reasons is that the return on investment can be very large in the long term with relatively small capital so that this crypto asset can promise your future. Investment returns are different, based on the year the investment started and the investment period. Currently, a bitcoin can cost up to $40,000. In the next years, the price can be multiplied up to two to three times.
Cryptocurrency is still in a growth period
If we believe that crypto adoption is similar to internet adoption, we are currently in the 1994 era of the internet. To put it into perspective, Amazon was founded on July 5, 1994, Yahoo on March 2, 1995, Google on September 4, 1998, Facebook on February 2004. We have seen that crypto-assets are still in their infancy. This stage requires a long time for mass adoption. The advantage of being the first is, the opportunity for profit is still quite large. The challenge then is how to select a product that will actually survive and be adopted by the wider community.
If we talk about cryptocurrency, it is not only about investment. Crypto can also be used to do transaction goods or services. Even not every country in the world accepts this payment, some of them do. Retail companies even accept this kind of payment. In addition, cryptocurrency is not always about Bitcoin. Bitcoin is the most popular because it is the first cryptocurrency in the world. This currency appeared for the first time in 2009. Bitcoin holds the biggest market capitalization in the world. The second cryptocurrency is Ethereum. This type of digital currency has the second-largest market capitalization after Bitcoin. Besides those two, there are so many digital currencies available out there, such as Tether, Binance Coin, XRP, and so on. Using cryptocurrency is a lot easier as this currency is universal. You will not need a bank to do the transaction, and it is transparent. However, in some countries, this digital currency has not been legally accepted. If you are still confused about this kind of investment, visit investmenthoney.com to give you more explanation about this. Many people have invested their assets in different instruments as a retirement plan and as passive income.
