I think this is one of the questions anyone who is not part of the crypto market would ask. It isn't easy to convince anyone to invest in Crypto for multiple reasons. One of the biggest reasons is going to be that we do not get anything in physical form but despite this fact, we need to pay a good amount for Bitcoin.
Crypto is an asset class which means it may not be legal tender in the countries but it is certainly one of the instruments that can be chosen for the investment. Like many other sectors here also there is no guarantee of the returns and everything is completely dependent upon the market behaviour. If the market grows then the value of Bitcoin is also expected to rise but again nothing is guaranteed so we should not invest money in crypto with a hundred per cent positive hope.
This market is not like any other market in terms of volatility because it is higher here however we should also understand that it is not a quick rich scheme but investing for the long term can bring way better benefits compared to any other instrument or the market. Bitcoin has given significant returns in the last few years and the probability is still the same that this asset will grow further which will turn out to be an even better profit-making scenario. But at the same time, we also need to understand that it is not any scheme where we can get quick reach overnight so we should not think about that way while investing.
Crypto is built on the blockchain and it is a future-ready technology that is going to transform businesses as well and crypto is going to revolutionise the payment ecosystem. It is decentralised and there is no control of any government so technically whatever money goes into crypto is managed by people across the world and no single entity is the owner here. I would say that this is one of the biggest reasons why we should invest in crypto because this is the only asset we have in the market that is not controlled by the government else fiat currency or gold and all are managed by the government only.
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