2 Reasons Why Now Is The Perfect Time to Invest in Cryptocurrencies
They are back, and it is not just hype this time around.
Two years ago, many said cryptocurrencies were dead. And that was an understandable feeling looking from the outside in.
In a matter of months, sometimes weeks, we saw tokens grow 100x in value, based on nothing but speculation and excitement.
Some people were in it because they saw blockchain as the most exciting thing since the appearance of the web.
Others because their friends told them they could get rich very fast.
Then the bubble popped.
The world realized the industry was not mature, not capable (yet) of delivering on its promises.
I remember Vitalik Buterin, the founder of the Ethereum Network saying so. But no one really listened.
The hype came fast and was gone just as quickly.
But things are different now.
At the time of this writing, Bitcoin has just crossed the 34 000$ mark after reaching a 2020 low of 4 000$ in march.
That is completely nuts and it says a lot about the whole industry.
There are two major reasons why you should seriously consider buying into cryptocurrencies to benefit from the major wealth transfer currently happening.
Institutional interest
A few weeks ago, Paypal and CashApp declared they would allow their combined 350 000 000 users to purchase cryptocurrencies through their app.
And they are not alone.
In the previous and following weeks of these announcements, other major players have started amassing huge amounts of the popular cryptocurrency, making it a bigger and bigger part of their strategy to get ahead of the current wave.
If these players are getting in, it is a sign that the cryptocurrency will reach incredible highs. Some people see it as overtaking the market capitalization of gold within a few short years, which would put it at a price of roughly 540 000$ per coin.
This alone warrants getting in on the action.
Mature projects
But I get it. Bitcoin’s price may make you feel like you have missed out on a big chunk of the wealth transfer.
And to a certain extent, you have.
But trust me, there are other cryptocurrencies out there that can make you very rich in the coming years.
The previous bear market was largely due to the lack of mass-market applications for blockchain. Despite there being a lot of wonderful promises, the companies that made them were not yet ready to deliver, thus leading to the incredible growth we saw their price reach being annihilated in a matter of months.
But like I said, things have changed.
There are more and more projects reaching maturity and already offering working products and services, some of which are still worth a fraction of what they will be in the coming years.
I am seeing companies I invested in 3 years ago that are gaining serious traction, bringing financial gains but also hope for much, much more.
I will not go into details about which companies and what industries they serve, that will be the subject of another article. But I’ll leave you with a little tip already:
If you want to get ahead of the curve, I invite you to look into DeFi (Decentralized Finance), an industry that seeks to provide decentralized financial services that will completely revolutionize the finance world as we know it today.
I myself have staked a major part of my holdings on the Cake Platform that provides upwards of 220% APY (You can check it out here — This is a referral link) and there are many others out there that can yield similar or even higher returns.
This is not financial advice, merely an invitation to reconsider if you had already discarded cryptocurrencies for your investment strategy.
