Why investing in Cryptocurrency now could prove wise

The world is currently in the grips of cryptocurrency fever, especially in the wake of Bitcoin and other crypto’s meteoric rise in value. The stories of overnight cryptocurrency millionaires are tempting, but every potential investor has to ask themselves the question – is it a worthwhile investment?

Here are three compelling reasons in favor of investing in cryptocurrency now.

1. Security and privacy

Cryptocurrencies are reliant on highly evolved cryptography to encode their transactions. Nobody will even know who you are unless you want them to. The system on which the ecosystem runs – blockchain – is designed in such a way that we don’t have to rely on bank servers or any single entity to keep our money safe. The entire network, comprising thousands of individual computers and processors, works to ensure your funds are safe from tampering of any kind. These two features combine to make cryptocurrencies the most confidential, arguably safest, and most tamper-proof currency format we’ve ever seen.

2. No barrier to entry

One of the most magical features of the world of cryptocurrency is the fact that anybody can join in on the fun. All you need is access to a computer, Smartphone, or any other device with a working internet connection. There’s nobody to seek approval from, no access fees and no tests to take. Importantly, nobody looking over your shoulder to make sure you’re doing the ‘right’ things with your money. It truly represents the democratization of the investment world.

3. Potential profits

The price of a single Bitcoin unit was a few dollars in 2011. However, it touched $20,000 towards 2023. That represents a more than 10,000-fold increase within five years. Bitcoin wasn’t the only one at the party, with other players such as Ethereum performing phenomenally well too.

Are you the type of investor that likes to follow the money? If so, then there’s no investment out there at the moment that is performing as strongly as the cryptocurrency market. It’s looking like we’re headed for a crypto world. As such the best time to invest, as we’ve learned in the past, is always now. This is especially so as the cryptocurrency story is only just beginning.