For anyone following the news cycle surrounding cryptocurrencies and blockchain technology, it is clear that the market is volatile and many are apprehensive about investing in ICOs and cryptocurrencies. However, Bitcoin is among one of the many coins that have bounced back in value, and there are many people who think that it will rise even more. Let us have a look at some of the reasons why you should invest in cryptocurrencies.
There are more regulations
This might seem counterintuitive, especially given that many cryptocurrencies lost a lot of value after the introduction of government regulations. However, what the regulations have done is to weed out many of the bad apples in the world of ICOs and cryptocurrencies. It is now safer than ever to invest in cryptocurrencies, and it will only become safer in the future.
Blockchain is not going anywhere
Whilst many cryptocurrencies come and go, and some ICOs success while others fail, the underlying technology is here to stay. Blockchain is being researched by all the big internet companies, such as Google, Facebook, Microsoft, IBM, and many others. In addition, many of the successful ICOs started by independent development firms will also contribute greatly to technological advancement, which makes them a good bet for investors.
It is really easy to invest
Many are still puzzled about how cryptocurrency and blockchain works. And no wonder, it has mainly been the domain of tech-savvy Millennials. Now, however, the movement has gained so much steam that new innovations have made it easier to understand and invest in cryptocurrencies than it has ever been. Sites like Coinbase is simplifying the process of viewing, selecting, and investing in cryptocurrencies from around the world.
It’s time for a change
One of the key rationales behind the introduction of cryptocurrencies were that it was time for a reform of the financial system. Fiat money has, in the opinion of many experts, played their role and run their course. It is time for a more modern approach to finance, and cryptocurrency could very well be the future of the global economy.
Big things ahead
One only needs to shoot a glance at the numerous ICOs and their many interesting projects, to know that the best is yet to come. Cryptocurrencies will be utilized in everything including fundraising, charitable donations, real estate, foreign exchange, item evaluations, sports betting, and even adult content. Whatever your interests are, chances are that cryptocurrencies will be part of them in the near future.
Be part of the future
As mentioned, blockchain technology is being researched by numerous companies big and small, and there is a lot of promising innovations on the horizon. By investing in cryptocurrency now, you have the opportunity to be one of the early movers in the blockchain space, and will be able to harvest the fruits of your investments further down the line.
What do you think about investing in cryptocurrencies? Have you invested yourself, or are you thinking about investing? Share your experiences with us in the comments section below!