Benefits of Investing in Cryptocurrencies | FXT Brokers

The birth of bitcoin in 2009 opened doors to investment opportunities in an entirely new kind of asset class - cryptocurrency. Lots entered the space way early.

Before investing anywhere you should know the company as well as know the benefits of investing in cryptocurrencies.

Cryptocurrency Has a Bright Future

According to FXT Brokers, Smartphones and other electronic devices will replace credit & debit cards.

Cryptocurrencies will no longer be seen as outcasts but alternatives to existing monetary systems. Their benefits, such as security, speed, minimal transaction fees, ease of storage, and relevance in the digital era, will be recognized.

Concrete regulatory guidelines would popularize cryptocurrencies, and boost their adoption. The report forecasts that there will be 200 million cryptocurrency wallet users by 2030, and almost 350 million by the year 2035.

Increased Profit Potential

 

Diversification is an essential investment thumb rule. Especially, during these times when the majority of the assets have incurred heavy losses due to economic hardships spurred by the COVID-19 pandemic.

While bitcoin investment has given 26% returns from the starting of the year to date, gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. Stock markets as we all know have posted dismal performances. Crude oil prices notoriously crashed below 0 in April.

Including bitcoin or any other cryptocurrencies in your portfolio would protect your fund's value in such uncertain global market situations. This fact was also impressed upon by billionaire macro hedge fund manager Paul Tudor Jones when a month back he announced plans to invest in Bitcoin.

 

No Paperwork or Formality Required

 

You can invest in bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions but if you need the best profit and trust then go with FXT Brokers.

Unlike conventional investment options, where an absurdly high amount of documentation is required to prove yourself as an 'accredited investor', crypto-investment is free for all. That was the intended goal behind the inception of cryptocurrencies. The democratization of finance/money.

You can associate with FXT Brokers and come out as comfortable with the various associations they offer to different individuals everywhere in the world.