{"id":114,"date":"2021-08-16T00:24:01","date_gmt":"2021-08-16T07:24:01","guid":{"rendered":"https:\/\/theplandanhollings.com\/?p=114"},"modified":"2021-10-07T14:15:00","modified_gmt":"2021-10-07T21:15:00","slug":"should-i-invest-in-cryptocurrency-the-complete-guide","status":"publish","type":"post","link":"https:\/\/theplandanhollings.com\/cryptocurrency\/should-i-invest-in-cryptocurrency-the-complete-guide\/","title":{"rendered":"Should I Invest In Cryptocurrency? The Complete Guide"},"content":{"rendered":"\n

If you invested $10,000 into Bitcoin on New Year\u2019s Day, 2016 it would be worth close to $1 million on the 1st of August, 2021. <\/p>\n\n\n\n

We all have that story of the one that got away \u2014 or the investment we missed \u2014 but it was understandable to be skeptical of Bitcoin 5 years ago. But times have changed and crypto has become a powerful vehicle for passive income and wealth creation. If you miss out now, you could be leaving thousands on the table.<\/p>\n\n\n\n

That\u2019s why I\u2019ve built this guide on why you should invest in crypto soon. Over the next 6 minutes, you\u2019ll learn about what crypto is, why you should invest, and where to buy some. Let\u2019s go!<\/p>\n\n\n\n

What Is Cryptocurrency?<\/strong><\/h2>\n\n\n\n

Before you invest any money anywhere, you must understand what cryptocurrency actually does. In brief, cryptocurrency refers to the digital currency that is used in every transaction recorded using blockchain technology. The blockchain network (first introduced to the world via Bitcoin) is a public ledger that is cryptographically secured by thousands of computers all around the world \u2014 in other words, it\u2019s decentralized.<\/p>\n\n\n\n

Cryptocurrencies you may be familiar with include $BTC (Bitcoin), $ETH (Ether on the Ethereum blockchain), and $DOGE, popularized in recent months by none other than Elon Musk. That\u2019s great and all, but should you be investing in cryptocurrency? Here are 4 reasons the answer is YES!<\/p>\n\n\n\n

Four Reasons You Should Be Investing in Cryptocurrency<\/strong><\/h2>\n\n\n\n

Cryptocurrencies are the future of finance.<\/strong><\/h3>\n\n\n\n

Digital currencies like Bitcoin, Ether, and Litecoin are bringing all kinds of financial systems and assets into the future. <\/p>\n\n\n\n

Take the tokenization of real-world assets. Representing assets in the physical world (real estate, fine art, vehicles) via cryptocurrency tokens opens the door to whole new worlds of investment. As cryptocurrencies enable things like fractional ownership and low-cost clearing, their values will continue to rise.<\/p>\n\n\n\n

Digital assets like NFTs are another way crypto is generating wealth for thousands of people. With increasingly more unique collectibles being minted every day, it\u2019s clear that the future of value is stored in cryptocurrency.<\/p>\n\n\n\n

Cryptocurrency is a growing market<\/strong><\/h3>\n\n\n\n

31% of the world\u2019s adults don\u2019t have access<\/a> to traditional banking services. Government regulation, complicated fee structures, and the bureaucracy of legacy firms have slowed the path to financial freedom for hundreds of millions of people. <\/p>\n\n\n\n

That\u2019s where crypto comes in. Bitcoin and other cryptocurrencies have the power to bypass historical financial systems and allow the unbanked to control their personal finance.<\/p>\n\n\n\n

Given that nearly a quarter of all unbanked adults globally live in growing markets like India and China, cryptocurrencies are poised to see an even bigger, more extreme growth curve (30%+ CAGR through 2023)<\/a> over the next few years.<\/p>\n\n\n\n

Growing adoption among countries, key firms, and thought leaders<\/strong><\/h3>\n\n\n\n

Generally, it\u2019s bad practice to do something just because all the cool kids are doing it \u2014 but crypto is a different story. Here\u2019s a list of companies and thought leaders who are betting big on the future of cryptocurrency:<\/p>\n\n\n\n