Benefits of investing in cryptocurrency Bitcoins.

The birth of bitcoin in 2009 opened doors to investment opportunities in a completely new quite asset class - cryptocurrency. Lots entered the space way early.

Intrigued by the immense potential of those fledgling but promising assets, they bought cryptos at cheap prices. Consequently, the Bull Run of 2017 saw them become millionaires/ billionaires. Even those that didn't stake much reaped decent profits.

Three years later cryptocurrencies still remain profitable, and therefore the market is here to remain . you'll already be an investor/trader or even contemplating trying your luck. In both cases, it is sensible to understand the advantages of investing in cryptocurrencies.

Cryptocurrency features a Bright Future

According to a report titled Imagine 2030, published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will not be seen as outcasts but alternatives to existing monetary systems. Their benefits, like security, speed, minimal transaction fees, simple storage, and relevance within the digital era, are going to be recognized.

Concrete regulatory guidelines would popularize cryptocurrencies, and boost their adoption. The report forecasts that there'll be 200 million cryptocurrency wallet users by 2030, and almost 350 million by the year 2035.

Opportunity to be a part of a Growing Community

WazirX's #IndiaWantsCrypto campaign recently completed 600 days. it's become a huge movement supporting the adoption of cryptocurrencies and blockchain in India.

Also, the recent Supreme Court judgment nullifying RBI's crypto banking ban from 2018 has instilled a replacement rush of confidence amongst Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report also points out peoples' rising faith in cryptocurrencies and blockchain technology. As per the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say that the impact of cryptocurrency/blockchain are going to be positive.

By being a cryptocurrency investor, you stand to be a neighborhood of a thriving and rapidly growing community.

Increased Profit Potential

Diversification is an important investment thumb rule. Especially, during these times when the bulk of the assets have incurred heavy losses thanks to economic hardships spurred by the COVID-19 pandemic.

While investment in bitcoin has given 26% returns from the starting of the year so far , gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. Stock markets as we all know have posted dismal performances. petroleum prices notoriously crashed below 0 within the month of April.

Including bitcoin or the other cryptocurrencies in your portfolio would protect your fund's value in such uncertain global market situations. This fact was also impressed upon by billionaire macro hedge fund manager Paul Tudor Jones when a month back he announced plans to take a position in Bitcoin.

Cryptocurrency Markets Are On 24X7X365

As against usual markets, cryptocurrency markets operate around the clock, all days during a year without fatigue. That's because digital currency systems are essentially designed using pieces of software code that are secured by cryptography.

The operational blueprint doesn't involve human interference. So, you're liberal to trade crypto or invest in digital assets whenever you would like to. That's an excellent benefit! Cryptocurrency markets are very efficient that way.

E.g., Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.

No Paperwork or Formality Required

You can invest in bitcoin or the other cryptocurrency anywhere and anytime with none unnecessary terms and conditions.

Unlike conventional investment options, where an absurdly high amount of documentation is required to prove yourself as an 'accredited investor', crypto-investment is free for all. In fact, that was the intended goal behind the inception of cryptocurrencies. The democratization of finance/money.

For buying any cryptocurrency on WazirX, you would like to open an account that you only got to provide some basic details including your checking account information. Once they're verified, within a couple of hours, you're good to travel .

Sole Ownership in Investment

When you buy bitcoin or the other cryptocurrency, you become the only owner of that specific digital asset. The transaction happens during a peer-to-peer arrangement.

Unlike bonds, mutual funds, stockbrokers, no third party 'manages your investment' for you. You call the buying and selling shots, whenever you would like to.

User autonomy is that the biggest advantage of cryptocurrency systems that gives incredible opportunities to take a position and build a corpus on your principal capital 'independently'.

These were a number of the advantages of investing in cryptocurrencies. We hope you discover them useful and convincing enough to kickstart your crypto investment journey.

Also read what is cryptocurrency and bitcoin