They say that you’re not truly making money until you’re in a position where your money is making money while you sleep.
To that end, most people know all about building wealth through index investing and picking solid stocks. But what a lot of folks don’t realize is that they can also make insane market returns by investing in cryptocurrency.
Should you be putting more time into figuring out how to invest in cryptocurrency? Why invest in cryptocurrency in the first place?
We’ve got a list of three reasons why investors would be crazy not to give crypto a try.
1. Crypto Could Be the New Gold
The stock market is infamous for its extreme ups and downs. When every other headline is some version of “Stocks are at all-time highs!”, everyone is flying high. But when the gravy train stops and market value starts tanking, investors are quick to put their money into gold, bonds, and cash.
One of the major questions that potential crypto investors have after “Should I invest in cryptocurrency?” is “Will the coin’s value tank after I buy it?”.
Crypto is sometimes compared to gold because of its potential as a hedge and a way to store value. Bitcoin, for instance, has both a limited supply and willing buyers. If you want to invest in an asset that doesn’t march in lockstep with the stock market, crypto could be the investment you’ve been waiting for.
2. Crypto Is Going Mainstream
When Satoshi first invented bitcoin, it looked like the kind of hobby that only a few internet-savvy folks would ever get into.
But then bitcoin exploded along with other cryptos. Fast forward to 2021, and now you have Elon Musk openly talking about his cryptocurrency investments and bitcoin is on every crypto exchange.
As more and more people choose to make an investment in crypto, its value will continue to go up. And that can only help your portfolio in the long run.
3. You Don’t Have to Invest a Lot
With many precious metals and hedges, the costs are non-negotiable. You can’t go into a high-end jewelry store, say something to the effect of, “Gosh darn! I don’t have cash! But can I pay you what I have?”, and take the necklace without the cops being called. It’s the same thing with gold.
Crypto’s different because many coins, like bitcoin, allow you to essentially buy fractional shares. What this means is that you can invest what you have even if you’ve only got about a dollar or two that you can spare.
And if you average in your crypto, you can also take advantage of the dips. You can read more about this at https://www.bytefederal.com/buy-the-dip-the-advantages-of-bitcoin-outway-the-risks/.
Why Invest In Cryptocurrency?
To put it bluntly, cryptocurrency comes with a certain amount of risk. It’s not controlled by any government. You can mine, lend, or borrow it in secrecy, and the crypto market is often more volatile than the regular stock market.
So why invest in cryptocurrency?
You should invest because crypto offers regular people a legitimate opportunity to build wealth. And as more people and institutions continue to invest in cryptocurrency, your portfolio stands to benefit as well.
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