I am assuming that you are reading this article because you already have the basic knowledge of cryptocurrency. You are at this moment evaluating the prospects of investing in cryptocurrency.

But let's do a quick summary here:

What is cryptocurrency?
Crypto (for short) is a digital currency wherein transactions are verified and recorded by a decentralized system using cryptography. This is a medium of exchange through a computer network. It does not rely on any central authority (government or bank) to uphold it. 

Bitcoin, released in 2009, was the first cryptocurrency. As of 2022 there are over 9,000 cryptocurrencies with market capitalization exceeding $1 billion.

Why invest in cryptocurrency?
Cryptocurrency’s future continues to look very bullish in spite of recent decline in its prices. This decline is expected because of the international economic sluggishness brought about by the recent COVID pandemic. But as countries start opening, economic growth is expected.

Last year there was a significant increase in the number of wallets created. Large companies and institutions, in the likes of PayPal and even some Wall Street organizations, have integrated cryptocurrency into their services and trading platforms. 

Among investment prospects, cryptocurrency is believed to be by far the more promising. Experts believe that cryptocurrency can withstand skyrocketing prices and adoption rates. 

Cryptocurrency is the new transaction norm. As the new transaction/medium of exchange, cryptocurrency is here to stay. Hence, it is not too late to invest in cryptocurrency.

When to buy cryptocurrency?
Crypto prices are currently down, so now is the perfect time to invest in cryptocurrency. Prices may be down today, but experts predict that the prices will go up again in the very near future.

 

 

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