Investing In Cryptocurrencies

Cryptocurrencies are digital assets people use as investments and for online purchases. Cryptocurrency is practically everywhere these days and no longer just for day traders and nerds. In fact, many traditional businesses are integrating cryptocurrency into their platforms in some form, or using it as a means to launch other types of products.

Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency. Dan Schulman, president and CEO of PayPal said in a Press Release "The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly,"

However the Cryptocurrency industry is still very young, trading in cryptocurrency is kind of like gambling. Cryptocurrencies have an unproven rate of return. It’s exchanged from person to person without any real regulations and there’s no pattern to the rise and fall of its value. You can’t figure out the changes or calculate returns like you can with growth stock mutual funds. There just isn’t enough data, or enough credibility, to create a long-term investing plan based in cryptocurrency. However, although it is a risky investment, it could also have an extraordinary return so we do suggest investing a small amount of your portfolio (0.25% to 0.5) into cryptocurrencies.

Interested in investing in Cryptocurrencies? Contacto lets talk.