2021: The Year People Should Start Investing in Cryptocurrencies
The cryptocurrency market has been booming for the past few years, but it is only now that people are starting to take notice. This year saw Bitcoin rise from $1000 per coin to over $6000 per coin in just one year. There are many reasons why this could happen, but what matters most is that there is still time if you have not invested yet!
You will see major changes happening like Binance Closes Margin Trading for AUD, EUR and GBP. Now we will explore three reasons why 2021 might finally be the year for cryptocurrencies and how you can start investing today.
It’s Only Up from Here
One of the most significant reasons you should start investing now is that we are only at the beginning stages of a major revolution. Currently, cryptocurrencies such as Bitcoin and Ethereum account for approximately half of all cryptocurrency market capitalization, but that number could easily rise to 80%.
This means that there will still be room for growth, even if the market is flooded with cryptocurrencies, unlike now.
The Mainstream Media Will Come Around
Another reason you should consider investing in cryptocurrency today is how many people are talking about it. If you have not already noticed by watching television or scrolling through social media feeds, there has been an influx of news stories regarding Bitcoin and Ethereum. Even smaller alternative coins like Safemoon, Doge, and Shiba are getting attention now.
This is a sign that the mainstream media and society as a whole are starting to embrace this new idea, so you should jump on board before it’s too late!
The Market Will Be More Stable
Finally, another benefit of investing in cryptocurrency today is that we will experience major stability within the market. Currently, there is no way for you to convert your Bitcoin back into US dollars easily, and even converting cryptocurrencies like Ethereum will cause you to pay a high amount of fees.
However, with the development of more decentralized exchanges such as Kyber Network, we could see the market become far more stable than it has been in years past (less volatility).
The Takeaway
So, if you have reached the end of the article, we would like to congratulate you for making it through. The cryptocurrency market can be very intimidating, but hopefully, this article has helped to ease your fears, provided you some grounds, and given you some helpful tips on how best to start investing in the crypto space today!…