When Bitcoins, the pioneer cryptocurrency, was introduced into the financial world in 2009, most people took it as the joke of the century. In 2010, the number one cryptocurrency was valued at less than $0.01. Today, slightly more than eight years since its inception, Bitcoin has not only paved way for the invention of hundreds of other cryptocurrencies but is also valued at $10679 (at the time of writing). A few causes as to why you should consider having a stake in crypto trading today include;
Cryptocurrencies are a source of returns you could never imagine
Take an example of Bitcoin, if you had invested $100 worth of Bitcoins in the year 2010, you could have earned yourself 10,000 Bitcoins, currently valued at $106,790,000. This is 106,789,900% worth of profit, assuming you invested the same amount in the most paying stocks in the world, there is no doubt that the highest profits you could have earned from the shares can barely hit the 50% profit mark, after 8 years of investment. Another good example is Ethereum, which went live in 2015 and staggered between the values of $10 and $20 in the year 2016, currently, an Ether sells at $864.41.
The demand for cryptocurrencies is consistently escalating
Since the inception of Bitcoins and a series of subsequent altcoins such as Ethereum, MIOTA, Litecoins, Dash, among other cryptocurrencies, there has been a witnessed growth in the number of various crypto-trading platforms, with reputable ones such as Crypto VIP Club stealing the hearts of many investors. This in itself indicates the overwhelming demand people have for cryptocurrencies.
Cryptocurrencies bear huge potential growth
The technology applied by various cryptocurrencies are aimed at solving real-world financial and non-financial challenges currently encountered by fiat currencies (monies offered by governments), and other means of exchanges. Great insights can be drawn from the tremendous growth of Ethereum, a cryptocurrency whose platform allows developers to come up with problem-solving projects covering various domains such as eCommerce, Green Energy, and the Internet of Things. The potential bore by virtual currencies are wide-spread and can be a source of fortune to the pioneer investors.
Cryptocurrencies are increasingly being accepted as a means of payment
When the first cryptocurrency was introduced, many governments and financial regulators were sceptical about the idea as the means of exchange does not enjoy any centralized regulation. Things are however taking a different twist, with different governments such as Japan and the world’s leading companies such as Microsoft accepting cryptocurrencies as a means of payment for traded goods and services. Taking part in crypto-trading means that you could be a major beneficiary as the virtual currencies are steadily being accepted as a means of trade by many governments and institutions.
The bragging rights
Finally, if you do not know how it feels to be a pioneer of anything positive that grows into a future giant positively influencing the generations to come, have a look at various success stories from great influencers such as Steve Jobs who left a legacy. Trading in cryptocurrencies is already a legacy to some few individuals, you can choose to be part of this great community.