Cryptocurrency has been described as a transformative technology that could revolutionize a number of industries. Investing in crypto might seem like a no-brainer, with everybody coming to crypto investing with their own agenda, whether swift and deliberate or slow over time.
But why do people get hooked on crypto? Here are some of the common reasons why people invest in crypto.
You can earn passive income
When you learn to trade crypto in what are known as DeFi positions this can result in passive income yields. This is possible by lending, staking, pooling, and trading, decentralized finance (DeFi) where you can earn interest as you allow your crypto to be part of the overall ecosystem.
Crypto assets will be worth more in the future
One big reason why people invest in cryptocurrency is due to some speculation on the price that the asset will be worth more in the future, just like Bitcoin (BTC) and Ether (ETH) as well as many others.
Due to rapid mainstream adoption, cryptocurrency, particularly Bitcoin, is projected to grow as demand increases. If you are positive in the crypto industry, making calculated speculative investments is a way to put your funds into the future you want to build.
Decentralized banking is a plus
One of the most common reasons why people love crypto is the fact that a digital economy of algorithmic money theoretically eliminates the need for central banking institutions, along with their fees and oversight. The instructions are enacted in accordance with a coded, open-source algorithm that everyone can see on blockchain.
Crypto will have a real-world value
Many people can recognize blockchain’s potential as a new technological infrastructure that will one day have real-world value, as laptops, iPhones, and cloud storage do already.
Michelle Brownstein, a certified financial planner and senior vice president of the Private Client Group at Personal Capital said “When you think about the technology behind crypto – blockchain technology – there’s a ton of other applications for it. So maybe it is the future of some other industry no one’s even thought of yet.”
However, supporters of digital currencies should be careful to understand the risks of cryptocurrency before they start investing.
2cash is a FinTech development firm that provides unlimited trading and transactions through the AC20, plus pays rewards to all AC20 members when they invite others. In addition to the AC20, members can also enjoy ProTrade, Crypto-Commerce, BillPay, and other features available in the 2cash wallet.
For more information, visit www.2cash.io and create a free account using the promo code of the person who invited you. If you have found 2cash online, we will provide you a promo code. Should you need assistance or have any questions you can chat with us at https://www.facebook.com/2cashnetwork or visit the 2cash Help Centre at https://help.2cash.io.