Why Invest In Crypto?
Cryptocurrency Is Reliable
The reliability of crypto is another reason people are choosing to invest in digital currencies. Because there is a finite supply of bitcoin, Ray goes over how it is a long-term and stable form of currency that cannot be subjected to dilution from inflation by political or government agencies.
“One of the top reasons people invest in cryptocurrency is partially because of the allure of gains,” Kline added, “and because of crypto’s finiteness as a potential safeguard against inflation.”
It’s a Social Experience
If you’ve noticed all your friends and family beginning to invest in crypto, you might feel compelled to join in to avoid FOMO and be part of the viral effect.
Tahem Verma, co-founder and CEO of Mesha, said owning crypto is a social experience. Investors get to be part of a community and engage with others around the world.
“When the richest person in the world touts a coin across social media and talks about it on ‘Saturday Night Live’ or people hear of friends who have made 50x, 100x or more getting involved early in a hot altcoin, it draws others into the market,” said Ryan Hansen, head of sales for Mercury Digital Assets. “Like investing in stocks, everyone wants to buy low and sell high and have a story about how they got in early on the next big thing.”
You Own What You Buy
“Many tokens provide you with governance and ownership of the product,” Verma said. “This means that you are not only a user of the product but also an owner.”
Today, people have alternative asset options that veer differently than traditional assets. Kline said cryptocurrency has the potential to be like the internet: foreign and unrelatable at first, but inevitably ubiquitous and imperative.