Playing Humpty Dumpty When Deciding Whether or Not to Invest in Bitcoin? Here’s 9 Stats to Consider

Playing Humpty Dumpty When Deciding Whether or Not to Invest in Bitcoin? Here’s 9 Stats to Consider

The wind of cryptocurrency continues to sweep across the world, courtesy of blockchain technology that has made it possible for the crypto assets to operate under a decentralized ledger technology. Digital assets such as Bitcoin, Ethereum, and others are now easy to acquire through various means such as trading, mining, and others.

From the look of things, it’s true that cryptocurrency and blockchain have revolutionized the financial industry, even though not everyone has adopted the new way of money transfer and storage. The following are 9 encouraging Crypto Stats that could help you consider investing in cryptocurrency.

Ability to fight inflation

Unlike fiat money such as US Dollar, EURO, or GBP, cryptocurrencies are inflation-resistant. Therefore, they provide a safe haven when it comes to investment.

While the crypto market suffers from volatility, which has led to most of the assets losing a great chunk of their value since December 2017, cryptocurrencies remain a better option when it comes to fighting inflation.

This works well in countries such as Venezuela, where inflation has skyrocketed to 40000%. In such situations, Bitcoin holders can still make money despite the dwindling value of the asset.

Only a fraction of the world population knows about cryptocurrency

An important fact is that only a portion of the world population knows about cryptocurrency. Even the majority of those who already know about the trend are still reluctant in investing. What this means is that if you hop in today, you would be among the first or early birds to venture into crypto investing.

According to a survey, only 8% of the American population has invested in cryptocurrencies. Besides, of more than one thousand Americans interviewed, only 56% understood that cryptocurrency is a digital decentralized currency.

Decentralized and Uncensored

Based on their design, cryptocurrencies are uncensored and decentralized. They embrace a decentralized and uncensored architecture that makes it difficult to censor.

As of this writing, Bitcoin ledger is stored on more than 9000 nodes. This decentralized nature makes it difficult to censor, as opposed to a centralized system that is easy to tamper with. The nodes are bound to increase and that is one of reasons to consider joining the crypto space.

Monetary Autonomy

The traditional, centralized banking system has brought too many pitfalls in the financial industry. Satoshi Nakamoto, who designed Bitcoin, was guided by the desire to erase the problems that exist in the traditional monetary system.

A s explained in one of his messages, Nakamoto underscored that money in the bank does not belong to us. In the footsteps of Bitcoin, many other virtual currencies such as Ethereum, Litecoin, and more came into existence. As of this writing, there are more than 2000 cryptocurrencies in the market according to CoinMarketCap.

Return On Investment (ROI)

Return On Investment is a general principle used to determine whether an investment is generating a profit or loss based on the capital invested.

Cryptocurrency generates much more ROI compared to any other asset class.

Uncorrelated asset class

There is no association between cryptocurrencies and other asset classes traded worldwide such as hedge funds, bonds, stocks, or index funds.

This is another good reason to consider investing in cryptocurrencies, as it offers the opportunity to move from one class to another. This enables investors to maximize their profits.

Highly portable investment

Since every aspect of cryptocurrency is digital, the assets are highly portable unlike the tangible fiat money.

You don’t need a special storage to store the assets, except a strong, reliable digital wallet. The point is you have your money with you—at all times, anywhere.

Speedy transactions

Compared to traditional banks, cryptocurrencies work faster, every time of the day or night. Traditional banks have days when they are off-duty such as during national public holidays and weekends. This is not possible in the crypto space, which operates digitally at all times.

When it comes to turnaround time, digital transactions work faster compared to traditional banking transfers. In some cases, banking transfers can take up to five days before completion, while digital transactions work faster regardless of the locations.

Anti-banking philosophy

If you hate the traditional banking system, then you can find solace in cryptocurrencies.

This will save you from the stress associated with traditional banking practices such as delays, high fees charged, and more.

Final words

Cryptocurrency is still struggling with the issue of worldwide adoption. However, it offers much more benefits compared to the existing centralized system. The mentioned stats could make you consider investing in this new financial revolution.

Source: bitcoinexchangeguide.com