The future they say is uncertain and with the cryptocurrency ban in China you might
as well ask why should anyone invest in cryptocurrency after all no one is certain
what the future holds for cryptocurrency. However, with the digitalization of the global
economy there is an absolute believe that cryptocurrency will see more growth and
adoption.
Earlier this year cryptocurrency especially bitcoin witnessed significant growth and
development reaching it’s all time high and gaining wide spread acceptance, with El
Salvador adopting bitcoin as a leger tender this could provide a template for broader
bitcoin adoption in other remittance reliant countries
Why Should Anyone Invest In Cryptocurrency
The cryptocurrency market provides a great investment opportunity for any one on the look for investments with potentials to generate a high yield return. The best part of it all is that investing in cryptocurrency market do not require large capital and with little knowledge and experience you could trade with robots that performs trades automatically taking into account multiple factors that can impact the prices of cryptocurrencies, nevertheless investing in cryptocurrencies has it’s pros and cons as we are going to list below.
- Significant Potential for Appreciation
- Complete Control
- Transparency
As you have seen some of the reasons why you should invest in cryptocurrency, there also reasons why you might also not want to invest in cryptocurrency, but either way it depends on your intentions
- Lost Bitcoins cannot be recovered
- Lack of regulations
- Market fluctuations
We have listed here some of the pros and cons of investing in cryptocurrency which
we would further discuss in our next post but you might still wonder if investing in
cryptocurrency is a wise decision to make. But one thing is for sure that the pros out
weighs the cons. However, before making any decision to invest in cryptocurrency
you should carry out your own research as this write up is not a recommendation to invest in cryptocurrency.
Discussion about this post