Since Bitcoin’s introduction to the masses in 2009, cryptocurrency has grown exponentially.
Now, it has a market cap of over $855 billion and Bitcoin’s new ATH record just hit $34150.
However, it’s concepts, and financial protocols can be difficult for new investors.
And as cryptocurrency continues to grow, investment options will always be available.
We’ll examine the 5 main reasons why the cryptocurrency is still a good investment in 2021 for people from all over the world, not just to those living in Florida:
Reason #1: It’s inexpensive
Cryptocurrency transaction fees are minimal. At most you’ll have to pay about 0.2% of the transaction.
In comparison, US banks will charge around 3% in credit card fees each time it’s used. So you’ll find it easier to make international transactions with cryptocurrency.
Reason #2: Growth Potential
The crypto world can be intimidating, due to the complexity of its underlying technology. The technical computer terms that are used can deter and confuse outsiders.
This is one of the reasons why people tend to shy away from cryptocurrency.
The fact that cryptocurrency scares most people is the same reason why you would want to invest in it.
Hopping on the bandwagon earlier than other investors gives you an edge (in terms of experience and potential gains).
Cryptocurrency has a steep learning curve, but it’s worth it. Once a cryptocurrency (i.e., ETH, LTC, etc.) receives adequate mainstream coverage, that’s when the masses will pour in.
Cryptocurrency is a great investment option in 2021 as its growth potential gives rewards for people who invest in it early.
Reason #3: Simplicity
The cryptocurrency transaction process is simple. Both buyer and seller have verified addresses, and the transaction is processed within the blockchain platform.
Due to its simplicity, it’s now getting easier to invest in crypto.
Investing in cryptocurrency in hopes of taking advantage of price increases is as simple as buying it on an online exchange.
Users can easily connect their bank account and start receiving Bitcoin, Ethereum, Litecoin, etc. Cryptocurrency transactions are subject to virtually no regulatory oversights, which makes the transactions efficient and headache-free.
Reason #4: Ideological Empowerment
If you aren’t a fan of monopolistic corporations, big banks, and the government, then cryptocurrency is perfect for you. Let’s face it; our society is used to central authorities – in the form of an institution, government, or any other authority – that uses rules to dictate how things are done.
What if we could change the tables and give the masses the ability to have an opinion on how things should operate? This would create a completely democratic system.
One of the main reasons why you should consider cryptocurrency is because it empowers the masses and democratizes traditional corporations.
No longer will have you have to depend on intermediaries for transferring money that has a large fee.
Loans have always been a great way to help individuals receive cash quickly or to help entrepreneurs get started.
On average, it can take about 24 hours to receive loan funds. Take a look at FloridaCashHelp.com if you’re looking for a reputable loan site that provides funding for your financial situation.
While you could take out a $500 payday loan, cryptocurrency allows you to take out money instantly.
There is a multitude of coins that allow users to transfer their money to anyone with a fraction of the total fees.
Not only that but having private wallets gives you more control over your money. Investing in cryptocurrency is like managing your own bank; you get to make your own rules.
Reason #5: Privacy and Anonymity
While this was once an advantage for users on the ‘dark web,’ the mysterious nature of crypto is still a benefit for traders and investors.
Unlike debit and credit cards where the user’s identity can be tracked, cryptocurrency uses blockchain technology to prevent this from happening.
This anonymous feature is a benefit that means neither the accounts that are sent or the transaction, are connected to the user’s identities. Once someone obtains a crypto address, it’s virtually impossible to track them.
Usually, the addresses will have a random chain of over 30 characters. While you can possibly analyze the transaction flow, you’ll be unable to connect the real-world identity of the users behind the addresses.
Privacy and anonymity are one of the main features of Bitcoin – which prevented governments and financial institutions from knowing what you’re buying or investing in, whom you’re buying, nor how much you spent.
Thus, investing in cryptocurrency gives you the power to keep your information private when making important transactions on the internet.
Despite what skeptics say, cryptocurrency is a good investment option once you understand the small nuances behind it.
Once you start investing in cryptocurrency, you’ll find it easier to utilize it and speak with other experts in the field about it. Try to invest in cryptocurrency whenever you can to increase the chances of reaping the rewards it has to offer.