When Bitcoin appeared on the scene over a decade ago, many turned their noses up at it. Sadly, some called it an avenue to aid shady people in their business dealings. Others even predicted it would crash in no time because it has no real value. Now, nearly thirteen years later, Bitcoin has proven that cryptocurrency is here to stay.
To buttress this point, keep in mind that people trade over five thousand other cryptocurrencies on the market today. This means many people make thousands, if not millions of dollars, from the cryptocurrency market. If you still have doubts about the cryptocurrency market, keep reading to find out why you should delve in.
Cryptocurrencies are Highly Profitable
The primary aim of joining any trade is to make profits. Interestingly, as of 2009, one bitcoin was equal to 0 USD. Do you know how much it is today ? Well, if you have not heard, 1 bitcoin is equal to over 61,000 USD dollars at the time of writing. So, if you had invested, say 100 USD, in bitcoin back in 2009 or 2010, you’d be a million today. Even people who bought Bitcoin last year when it was in the $10,000 have made a significant amount of cash today. The token is predicted to keep rising so it’s not too late to dive in.
A Growing Method of Payment
If you didn’t know, various start-ups and other platforms are now accepting cryptocurrencies as a form of payment. This year, Tesla announced that it would soon start to accept cryptocurrency as payment for its products. Online Casino platforms accept different types of cryptocurrencies as a medium of payment. In addition to this, HUPAYX, a South Korean payment website, allows its users to make payments in various cryptocurrencies. In Miami, the mayor is currently working on paying workers in cryptocurrency. What this means is that as time progresses, other companies and payment platforms will join.
Cryptocurrency Is Not Going Anywhere
By now, you should realize that cryptocurrency is here to stay, and disrupt different systems. At a glance, you can most likely point out five to ten people around you who are investing in cryptocurrency. There is always one or more people talking about cryptocurrency on your social media timeline, or even in your workplace. In addition to this, the financial news talks about it all day.
Your Time Starts Now
The fact is that there is no bad time to invest in cryptocurrencies. Even if BTC is trading above $61k now, there is a chance that it might reach $150k in the next few years. If you’re just starting, you’ll need knowledge and all the advice you can get. If you’d like to invest in cryptocurrencies, check out Osom Finance. The website makes investing in cryptocurrency easy with an autopilot system.
Conclusion
Bitcoin, Dogecoin, Ethereum, and Binance Coin are some of the hottest cryptocurrencies in the market today. So, you cannot afford to miss out on this. If you take this advice, in a couple of years, you’d be grateful for it. However, don’t ever forget that high reward means high risk.
