- September 30, 2021
- Posted by: icoblock
- Category: News
It is fair to say few financial revolutions have sparked as much controversy and interest as crypto has. Usually, the world of finance isn’t something that captivates the public imagination so much. Financial terms are too often abstract and the realm of finance too expensive for most people to grasp. Besides which, “the world of finance” has a way of conjuring images of old men in stuffy suits – not exactly the most romantic of images. However, Bitcoin has proved to be different, capturing the imagination of countless millions and inspiring them to buy Bitcoin – and there are just as many reasons why.
1. Greater Accessibility
First and foremost, as alluded to above, crypto is far more accessible for non-finance majors and professionals looking to break into the world of finance and make some money. Not only do you not have to wade through a ton of interminable financial jargon, but you also don’t find yourself priced out of starting, as is the case with many financial investments. Stocks can be costly. Investing in companies can be even more prohibitively expensive. But cryptocurrencies such as Bitcoin aren’t just easy to understand but also easy to afford, making them far more accessible for everyday people.
2. High (or Low) Risk, High Reward
Small investments in a diversified stock portfolio are still the most reliable way to build the kind of small, sustainable, incremental progress that is necessary for safe wealth enhancement. Still, that isn’t as exciting as the allure of a scenario that offers big rewards. Crypto strikes something of a happy medium. If you want a high risk, high reward opportunity, it can offer that. If you want to fold it into a more stable and traditional investment portfolio, you can do that as well.
3. The Allure of Flexibility
Remote jobs are all the rage right now. The allure of being a digital nomad and being able to have greater control over where and when you worked was already gaining in popularity before the pandemic hit. After it, people are more interested in work and financial flexibility than ever. As alluded to above, crypto can be quite flexible in terms of fitting in with different financial plans. It allows you to buy and sell full-time, part-time, and any time you wish to, 24/7.
4. The Beauty of Blockchain
It is fair to say that few technologies have gotten more excitement out of the tech sector than blockchain, in no small part due to the dangerous nature of other tech today. We live in an era where data breaches are increasingly and startlingly common. The last thing you want is for your finances to be compromised by a hacker as a result of them hacking your bank. But with the kind of blockchain technology used by crypto, that isn’t a concern. Blockchain uses decentralized servers at different points around the world that check one another, making it virtually impossible for a single breach to lead to the loss of data. This keeps your finances safer. It has also attracted a ton of investment interest from people in all manner of fields, so getting in on the ground floor now is a great idea.
5. Uncertain Times
From political unrest to the pandemic and everything in between, life today can feel startlingly uncertain. While Bitcoin and other cryptocurrencies have a bit of a reputation for being uncertain themselves, the flexibility and possibility they offer are quite adaptable. This versatility is yet another reason to buy Bitcoin. Markets rise and fall, and so having cryptocurrency as well as “regular” currencies offers you an alternative, and thus a safety net.
6. The Future Is Bright
There has never been a better time to invest in Bitcoin and other cryptocurrencies than right now. Many of the problems of the early years have been addressed, and the concept of crypto is beginning to gain greater traction with others. As it becomes more mainstream, the uniqueness of crypto investment may start to fade, but its applicability will rise. With Bitcoin being accepted at more places than ever, it’s easier to get and spend Bitcoin now than in the past, and that’s likely to only rise with time.
All of these reasons make crypto investment a better bet than ever before.