Believe it or not, they are still the future
The debate over whether the Bitcoin bubble is bursting has caused concern that cryptocurrency may not be a viable long term investment in the future, however with Bitcoin now trading at a substantial over $9000 per coin cryptocurrency has an optimistic future.
Here, MD Blockchain for The 10x Growth Account, Andrew Pritchard, unveils why you should take notice of the trend with his six reasons why cryptocurrency is (still) the future.
1. The New Generation of Cryptocurrencies
Bitcoin has lead the way in cryptocurrency and is definitely the most documented crypto coin to date but today if you want to see a large return on investment you will need to look further afield.
Everyday new cryptocurrencies are born and developed proving why the cryptocurrency trend shows no signs of slowing down. For instance, Litecoin is slowly creeping up on Bitcoin’s heels within the last year alone the price of Litecoin has grown by over 7000% so now would be the perfect time to invest in Litecoin before it becomes mainstream and the price per coin skyrockets similar to Bitcoin’s recent spike in price.
There are many other alternation alt-coins to choose from such as Ripple, Ethereum and Dash thus the possibilities are endless for cryptocurrency investment.
2. Transparency & Trust
The technology Blockchain records and verifies every cryptocurrency transaction 24/7 thus trust and transparency is at the forefront of this digital currency.
As a result Blockchain is now being used in a vast amount of industries including healthcare, finance, supply chain management and real estate, this indicates how beneficial the technology that supports cryptocurrency is to society.
This has given the world of crypto its first foot in the door ready for expansion into further industries and offering new capabilities to businesses.
3. Instant Ownership
One joy of investing in cryptocurrency is the fact you receive instant ownership, there are no complicated forms or long lead times between deciding to purchase and receiving ownership. Therefore if you would like to invest some cash immediately with limited hassle cryptocurrency is a strong solution!
Source/More: 6 reasons why you shouldn’t bury Cryptocurrencies yet | TechRadar