Cryptocurrencies can make you a Billionaire!

From the year 2019, there's been almost 1700% growth in the price of bitcoin. How's that damn possible? 

In this article, we are going to know if there is so much potential in cryptocurrencies, what is the future of cryptocurrencies and how can you start earning with cryptocurrencies. Let's go deeper.

What is cryptocurrency?

A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography to secure online transactions.

The Future of Cryptocurrencies

The future of cryptocurrency is bright as a lot of developments have led to the growth of the cryptocurrency industry. Some of the highlights are:

• Big banks, companies, and institutional investors such as JP Morgan, MicroStrategy, Tesla, and PayPal have entered the space
• There are over 9,000 cryptocurrencies in existence today
• The cryptocurrency market cap crossed the $2 trillion mark
• Emerging cryptocurrency regulations by governments across the world, formalizing the industry, lowering risks associated with crypto investments
• The emergence of Central Bank Digital Currency (CBDC)
• Bitcoin is compared to gold as a store of value
• Innovative developments such as Decentralised Finance (#DeFi) and Non-Fungible Tokens (NFTS)

There is increasing adoption as governments across the world have started regulating the cryptocurrency industry and India too is embracing regulations in the crypto space. 

The Benefits of Cryptocurrency

1.Transactions - Transaction between anywhere in the world in lighting speed with very very less transaction fee compared to traditional fiat currency transfers,

2.More Confidential Transactions - Transactions will be impossible to track! and hence no space for any hackers!

3. Individual Ownership - Do you know that you are the 100% owner of the money you have in your bank? In case of economic collapse governments have the authority to restrict the withdrawal of your money from your bank account. But in cryptocurrency that is not possible! you are the 100% owner of your cryptocurrency!!

4. Adaptability - Easy to Adapt. Traditionally opening a bank account, deposit, withdrawal, transfers includes a lot of work like filling up of form, signature, showing your ids and so many. But in crypto nothing such. It is easy to adapt.

How can you start investing & earning with Cryptocurrency?

That's a good question. And the answer is also impressive. You can start investing in cryptocurrencies with just 100 rupees. It's easy to buy and sell them with just a single click. 

You can use the CoinSwitch Kuber app to start investing. If you sign up with this link, you and I both will get 50 - 50 rupees free. That's great right?

Use this link to download CoinSwitch Kuber App: https://coinswitch.co/in/refer?tag=tSUH

The End Notes

The present is somewhat digital and the future is going to be fully digital. So, why don't go choose the future? Cryptocurrencies may be a bubble. But you can take a calculated risk and go high enough with the help of these cryptocurrencies.