Launched in 2009, the cryptocurrency space really broke through a threshold during the bull runs from late 2020 to November 2021. The growth and improvement in various niches – smart contracts, gaming, layer 1s, metaverse, and so on – saw a flood of new adopters join. While not mainstream yet (3.9% of people globally own cryptocurrency) I thought I’d highlight several reasons why it’s better to invest now if you’re on the fence.
Evolution in crypto has skyrocketed, and investment opportunities have never been better. Staking, mining, trading, farming, pools, passive interest, NFTs, gaming, are just some of the ways you can earn. There are various sources to aid with doing any of these as well, from mentors to step-by-step youtube tutorials.
If used correctly, cryptocurrency is a censorship-resistant store of value.
You have entire control over your assets.
They’re mostly deflationary assets rather than inflationary. The scarcity increases, unlike most currencies.
It can be used as a hedge against inflation. Instead of a savings account, earning stake rewards on stablecoins with anywhere between 10% to 30% in APY is a simple way to protect what you’ve earned.
If you believe in decentralization, then blockchain and cryptocurrency are the first major steps building on its ideals.
The benefits of being early increase the potential growth cryptocurrencies have. In other words, if you look at year by year data, the returns over time become eye-watering if invested in the right coins. The long term investment potential as a whole has a lot more upside simply due to it being in it’s early stages still, with far more predicted adoption and widespread use to come.
Bragging rights