We’ve rounded up 4 important things that have contributed to making “crypto” a star. in the investor group that in addition to the attractive high returns Is there anything else that makes many people willing to share their portfolios to invest in these new era assets?
- Attractive prices and rewards
During the Covid-19 outbreak, “crypto”, “cryptocurrency”, or that is defined in our home as “Digital assets” are getting more and more attention. from various news As a result, the price of Bitcoin, the industry’s first cryptocurrency, soared to $63,000, its highest price since 12 years.
In addition, other cryptocurrencies are gradually gaining confidence from investors around the world. And start investing, trading, pushing the price up until it’s not less interesting, such as Ethereum (ETH), Triple (XRP), Binance Coin (BNB), etc.
Instant profit stream from crypto that pushed up to a hundred or a thousand percent and tends to become more and more popular The demand to buy pushes the price up until it is worth jumping into making a profit.
- Increased Confidence in the “Blockchain” System
In the modern world, technology is a disruption. circles to adapt And one of the technologies that many people are focusing on. and see that it is coming to change the world in this is an information management system known as “Blockchain”
“Blockchain” is a decentralized database system. or simply call that there is no center or middle Able to exchange value or transfer data from source to destination directly And all transactions that occur are recorded in a way that cannot be modified. making it a flexible system but with high security
Therefore, the exchange of information or ownership of various values Therefore, it is not difficult to do on the blockchain system. Blockchain is known along with Bitcoin because it is a system that was born together. when people believe more bitcoins Confidence in the intermediary system is also gaining more confidence. When people are more convinced that this system is an effective system. So dare to turn to invest in this system more sure enough.
However, blockchain is not only crypto-specific, but can also be used in other dimensions, such as managing a household-to-household electricity trading system. The system for changing the demographic information of government agencies, etc.
- Believe that “crypto” will be an important asset in the future.
It is undeniable that one of the things that has allowed crypto to grow up until now is the “belief” of investors who see the change. And the growth of various coins, coupled with “entrepreneurs” who trust in digital assets. Causing to gradually come out to accept crypto Trade more of your own products and services.
For example, the Bitcoin phenomenon hit $64,400 after Elon Musk announced he could accept bitcoin for his Tesla electric car in April. after the cancellation and rose again in mid-June when the word “will accept bitcoins” is reversed but at the level of $39,000)
There are also a number of brokerage firms selling their homes or condos, where buyers can use crypto as a payment method, with one of the first to declare accepting cryptocurrencies was Antalya Homes, a brokerage firm. In Turkey seeking opportunities during the COVID-19 crisis Therefore, it has been announced that all buyers can use Bitcoin to pay instead of cash to buy real estate. of the company by transacting through agents for exchange rates
- Start investing “Cryptocurrencies” with a small amount of money.
Another thing that makes investors, both new and seasoned, have access to crypto. with a small amount of money with fintech technology that helps those interested in investing in crypto Can invest through exchanges that can use money from ten digits to invest in various cryptocurrencies with the need to use large sums of money. There may also be a trading fee according to the terms of each exchange.
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I could not resist commenting. Well written!