Don’t own any? Not short any? You need cryptos if you haven’t done any!

We swear this is not an article to convince you how crypto is the best form of investment. But let’s keep an open mind to it & get to understand what they are in its true form. Shall we ?

So what’s the difference ?

The foundation of any financial ecosystem depends highly upon the members of that system. For instance, in the traditional financial ecosystem, the traders, investors and stockbrokers played an equally important role in growing the industry, as did the companies whose stocks are listed. Similarly, in the cryptocurrency ecosystem, the decentralized finance industry is as dependent on the investors as the investors are dependent on the industry. The introduction of decentralized finance has allowed the investors to diversify their investments to a new degree and leverage the security, anonymity and high returns for their benefit. Similarly, the investors help the digital currency ecosystem grow by providing revenue and facilitating the flow of funds.

While there are numerous benefits and advantages of digital assets and currencies, some people are still reluctant to jump on the train and enjoy these unparalleled benefits. Let’s take a quick look at the reasons the naysayers have to diminish the advantages of cryptos.

Warren Buffet — Firm against Cryptos

Warren Buffet is a billionaire finance guru that recently made news with his controversial statement that stated that while he doesn’t know where to put his money, he won’t invest in digital currencies. He mentioned that assets need to have a value, and only fiat currencies have value and not crypto.

Warren even went on to state that he wouldn’t purchase the whole of Bitcoin even if traded at $25. He said, “If you told me you owned all the bitcoin in the world and you offered it to me for $25, I wouldn’t take it. What would I do with it,” He further added, “Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,”

Warren Buffet has also taken shots at Wall Street, stating that people can make more money gambling than they could by investing in Wall Street. While the billionaire might have his own facts and reasons to support his statement, we have our own.

The New Financial Landscape — Cryptocurrencies!

Time after time, several investors and projects have proven their mantle and helped new investors become billionaires with their strategic approach to investing. While the volatility of the cryptocurrencies might discourage some new investors, it is not much different from the traditional stocks, where the market can turn at any point. The famous terms used for the trend of the market — Bull run and Bear run, were originally coined for Wall Street itself.

The cryptocurrency landscape has developed tremendously over the last few years, and now there are several new projects and new innovative ways to earn and generate passive source income apart from the traditional investment and trading tools.

Talking about facts, a new report from Chainalysis revealed that investors around the world gained over $162.7 billion last year, which grew massively from $32.5 billion in 2020. Digital currencies give investors an opportunity to generate profits unlike ever before. Moreover, the industry is still at its nascent stage and will mature over the years to completely remove any shortcomings the industry might be facing presently.

The cryptocurrency ecosystem is here to stay, and despite the reservation from some, people will continue to grow at a rapid pace. Moreover, as more and more countries are now legalizing digital assets such as stable coins and the massive growth in the popularity of NFTs, the profits are only destined to increase.

If you haven’t jumped on the crypto wagon yet, you are missing out on few really good opportunities but what’s more important is that you fully understand before investing in any project. So ask, research & make an informed decision. Just how you will do for any other form of investment!.

But here’s the tea — soon there will be a way to start investing in cryptocurrencies without having to put up an initial investment. Sounds interesting? Stay tuned!