The cryptocurrency markets are alive and well and may be worth investing in if you have some extra cash lying around. So, here is why you should invest in cryptocurrency in 2022.
Cryptocurrency Prices are Moving Up
One of the best arguments for investing is that cryptocurrency value is on the rise. Since 2017, cryptocurrency prices have been on the rise and have seen significant growth in 2019, 2020, and 2021. If you bought 1 BTC at its all-time low (December 2018), it would be worth $6,000 today: a dramatic increase from its value at the time of purchase!
While we don’t know what will happen with cryptocurrencies in 2022 or beyond – but we do know that there are many reasons to invest now before they become mainstream investments as they did in 2017-2020 when everyone wanted a piece of Bitcoin’s success story.
Cryptocurrency is Here to Stay
Crypto has been around for over a decade, and it’s here to stay. Crypto was first created in 2008 by Satoshi Nakamoto (who may or may not have been a single person). Since then, crypto has exploded in popularity as people have realized the potential of this new technology. Crypto is here to stay because it’s become so integrated into our lives that we can’t imagine life without it. Here are some examples:
- Cryptocurrency has been around longer than the iPhone. You probably remember when Apple launched its revolutionary phone in 2007. However, if you think back further than that, you’d realize that cryptocurrency came out before cell phones did. Cryptocurrencies have had more time than cell phones on Earth.
- Cryptocurrency has been around longer than Xbox (and PlayStation 4s). While these gaming consoles were only released about 15 years ago, cryptocurrency existed well before them. It might be hard for someone who hasn’t heard of cryptocurrencies yet today because they’re so familiarized with everything else from this era (like smartphones).
Can Prevent You from Losing Money in an Economic Crash
One of the main advantages of cryptocurrencies is that they are not affected by all of the same factors that affect traditional investments.
For example, if you invest in stocks and your market crashes, you may lose money. However, if you invest in cryptocurrency, chances are good that it won’t be affected by a stock market crash.
Why? Because cryptocurrency is not tied to any particular country’s economy or currency. Cryptocurrencies can be used anywhere and everywhere without being affected by outside forces like war or inflation—and therefore crypto investments don’t have to be as risky as other investments like bonds and stocks do
Can Bring You High Returns
Investing in cryptocurrency is a high-risk, high-return investment. It can be volatile and you may lose money on your investment.
If you have the stomach for it and are prepared to ride out the ups and downs of the market, you’ll likely see some great returns from investing in cryptocurrencies. Some people make thousands of dollars off of an initial investment that started at just $100 or even less!
Lets You Own Your Money
One of the most vital benefits of cryptocurrency is that it is decentralized and not controlled by any government or bank. No one can take your money from you, freeze your account, charge you fees for services, stop you from sending money to anyone, or block your account.
Cryptocurrency gives people control over their assets. No one else can access them except for the owner of a private key (a secret piece of information used to access an address) or someone with permission from the owner to use their funds in some other way.
Digitalizing Finance
Cryptocurrency is a digital asset, currency, and store of value—not physical; it exists as ones and zeroes on the Internet.
That is why cryptocurrency has become so popular: in the digital age, people want things that are easy to use, fast and secure. Cryptocurrency scores well on all three accounts. The blockchain technology behind Bitcoin makes it secure by keeping track of every transaction ever made using Bitcoin. It also allows users to send money anywhere without paying any fees.
More Secure
The security of cryptocurrency is built into the blockchain technology that supports it. It is decentralized, meaning there’s no single authority controlling it. Cryptocurrencies are not controlled by any government or company. They can only be spent using your key (a long string of letters and numbers).
That means there is no central point of failure—and no single hack vector for bad actors to target. Instead, if someone hacks into one exchange or wallet provider and succeeds in stealing money from cryptocurrency owners, they don’t get access to all their victims’ funds at once; they’ll just get some of them.
With cryptocurrencies being so fragmented across multiple exchanges around the world, hackers can only access so much capital at once before being shut down by other users or exchanges who notice their account isn’t behaving normally.
Many Options to Choose from
The most common mistake people make when investing in crypto is failing to understand its versatility.
Cryptocurrency can be used as a currency, a store of value, and a means of exchange. You can also use it to buy goods and services or invest in other assets such as real estate or art pieces. You may think that this makes it harder for you to decide which cryptocurrency to invest your money in but actually, it only means that there are more options available for you at any given time.
So, are you ready to take the big step and invest in crypto? You should if you want to be part of this new financial revolution.