For many different reasons, people tend to feel that cryptocurrency is not the best asset class to invest in right now. Nothing could be further from the truth. In fact, we’re only scratching the surface of this industry. Investing in crypto can be a smart move today. And it may continue to be a profitable endeavour for many years to come.
Provided you have the right plan and strategy in place, you can make a killing in the markets. Not to mention you’d be making a valuable contribution to this burgeoning crypto ecosystem. With that being said, let’s dive into all the reasons why now is the best time to invest in crypto.
Institutional Investment is Rising
As we continue to discover more applications to blockchain tech, investments from vaunted financial institutions will keep coming in. When it comes to financial technology like cryptocurrency, everyone knows how influential Wall Street in the U.S. can be. And when more institutional investors come out in support of Bitcoin, it bodes well for the crypto industry overall. More big investors means more confidence in Bitcoin. Public interest would skyrocket simply because the institutions they value and trust are starting to invest. It would signal to the everyday investor that crypto can be a good investment.
When that finally happens, Bitcoin is due for a massive upswing. And as Bitcoin tends to do, it would lift the entire crypto market up with it. Only time and continuous innovation will ensure this happens.
Bitcoin Is Still King
For all the talk about Bitcoin’s volatility, detractors can’t seem to acknowledge that Bitcoin is still 2019’s best-performing asset, performing better than any other stock, fund, or bond this year.
Despite the constant pessimism that tends to fill the daily news cycle, cryptocurrencies are continuing to evolve and get better as developers push the limits of technology. People are aware of that, and it’s why they continue to invest. They don't want to be left out of this amazing opportunity. The swings are wild and sometimes uncomfortable, but at the end of the day, the numbers speak for themselves.
We’re Only Just Getting Started
Gold’s market capitalization is about 7 trillion USD. Bitcoin’s market cap is about 165 billion USD as of this writing. Imagine if even only a small percentage of gold investments are transferred to BTC. It could tip BTC's value to new heights. The thought alone is mind-boggling. So no, you are not late to the party. Bitcoin has not peaked, and it won’t peak anytime in the near future.
Besides, there are hundreds of other crypto projects worth considering. Dozens of them could succeed in a massive way. Compare the state of crypto to that of the internet a mere 2 decades ago. Back then, a lot of people were also skeptical about the internet and its utility. Yet the world wide web only became bigger and better and more inclusive. Look where the internet has brought us today. The same is happening to crypto.
It looks like Bitcoin isn’t slowing down anytime soon. Troves of institutional investors are getting in on crypto, and it’s up to you to make sure you aren’t left out when the next bull run comes.
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