The topic of cryptocurrency remains a murky one for the general public, who are still hesitant to invest heavily in assets known to be highly volatile. However, investing in cryptocurrency can be worthwhile, provided you adopt a relevant position. Here are some explanations.
What is cryptocurrency?
La Cryptocurrency comes in the form of a digital currency : it is therefore not fundamentally dependent on central banks, which are responsible for issuing physical currency to states. This is what makes it so special: ultimately, cryptocurrency is only popular because its system is based on "trust".
Trust materialized by the “blockchain” technology, the operation of which is quite similar to a digital register. This advantage is also a disadvantage, because if the cryptocurrency can be exchanged or invested, it is also very volatile.
Why invest in crypto-assets?
Most observers and financial specialists will of course recommend that youinvest in cryptocurrency, under certain conditions. Indeed, several rules must be respected to obtain satisfaction: first, do not invest in cryptocurrency more than 10 to 15% of net assets. Second, invest in the long term (at least 3 years preferably) and finally, invest in cryptocurrency on assets deemed “relevant” such as Bitcoin or Ethereum.
Is it profitable toinvest in cryptocurrency ?
For invest in cryptocurrency, you should go to one of the platforms that act as exchange sites. Among these platforms: Binance, Coinbase, Exchange or Huobi Global. Subsequently, fees may apply.
For the rest, some investors have been strongly recommending investing in cryptocurrency for several months. Indeed, the year 2021 was even more profitable than the previous year. Bitcoin, a highly fluctuating currency, broke all records on November 10, 2021, peaking at $68. All with spectacular annual growth (+000%).
Some analysts try to compare Gold to Bitcoins but investing in physical gold remains the best way to protect your savings against inflation. Investing in Gold has been around for 3000 years!
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