Crypto has been around for over a decade, but in the grand scheme of things, it’s in its humble beginnings. Nevertheless, getting into crypto now is considered one of the most substantial moves by many.
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Why get into crypto now?
The global economy is in the midst of chaos. Nearly all markets are crashing (including crypto), gold value is depreciating, money is printing, and interest rates are rising. Although complicated, this is no surprise to some and a massive slap in the face for others.
That said, there are many different reasons people are actively investing in crypto sooner rather than later:
Investing in crypto to limit the risk of inflation:
If you’ve kept up with crypto news, it’s no surprise that people, governments, and institutions are looking for ways to hedge their funds against inflation. As a result, there’s a lot of talk about crypto – namely, Bitcoin – becoming that haven.
In an article by CoinDesk, they quote Gemini’s Dave Abner “It’s a hedge against inflation because there can’t be any more of it. The biggest thing driving prices is probably sentiment around fears of inflation and diversification of portfolio holdings. It’s not about it becoming a currency that people will use in their daily life.”
Investing in crypto to save and store value:
Some believe crypto – namely Bitcoin – is better served as a savings reserve. This logic follows the idea that leaving funds in crypto leads them to appreciate at competitive rates to any bank. Although the risk is high, the return is worth it. Don’t trade, don’t spend, don’t sell. Invest and perch.
This use for crypto is highly sought after as well-known crypto connoisseurs such as Michael Saylor hold on to this ethic.
Investing in crypto to join a decentralized system:
These times of money printing, high-interest rates, and pandemic consequences leave many in states of instability and doubt. As a result, decentralized financial solutions are becoming popular for many as they await stable ground to rehabilitate in centralized institutions.
Investing in crypto to take part in technological advancements:
As was once the internet, crypto is up and coming… and a bit confusing. Keeping up with technological progress is not a short-term feat. It takes time, trial, and error. With time things take off, or they don’t. Blockchain technology is at the forefront of technology right now, and it’s worth the investment for those enthusiasts.
Investing in crypto to earn passive income:
Learning the tricks to the DeFi trade can yield passive income. People can earn interest on their crypto by lending, staking, and trading. In addition, by approaching crypto for the long term, people can make periodic interest on investments. However, this requires studying and understanding the crypto market.
Investing in crypto to inspire mass adoption:
Many believe that crypto is the currency of the future. Putting faith and trust in crypto comes with the excitement of inspiring others to do the same. Investing in crypto for the simple act of empowering mass adoption is enough for many investors.
Investing in crypto to bypass economic turmoil:
When fiat currency is weak, many scurry to secure their wealth in many ways—investing in price-appreciating assets, moving cash to savings accounts, or investing in stronger currencies. Blockchain technology is a way to kill all those birds with one stone.
Investing in crypto to facilitate transactions:
It’s no secret that high-value transactions are a headache. Whether verifying a transaction with a bank or credit cards maxing out – it can become a waste of time and money. Crypto bypasses transfer complications completely from anywhere in the world!
No matter the reason, getting into crypto could be the key to unlocking a secure future. So visit ForumPay and start accepting crypto in your business today! And don’t forget to follow us on Instagram and Twitter for more!