In the crypto market, people misunderstood Bitcoin, Ethereum stable coins, and altcoins as alternative currencies, many assume that this blockchain technological advancement only towards virtual currency but originally current encrypted assets play a major role in investment opportunities. Due to the epidemic, the world economy is continuously turbulent and many companies around the world adopting digital assets as safe heaven therefore Bitcoin repeatedly skyrocketed in recent days
If you look at other cryptocurrencies especially Ethereum, you can find that the Ethereum landscape gradually increasing, the count of addresses, wallets, and transactions achieved rapid growth.
Many online businesses around the globe interested and invested in digital currencies some of them introduced their own currency like Facebook’s Libra which now referred to as Diem, PayPal the world’s largest payment platform having a user base of more than 300 million users worldwide to provide services for encrypted options, and Visa now offering USD Coin (USDC)based credit cards.
The traditional financial institutions that play role mega role in reshaping the economic outlook now suddenly taking part in encrypted asset businesses, the current players are JPMorgan Chase, New York Mellon, Morgan Stanley, DBS Bank, the power of these institutions will drive millions of USD into cryptocurrency-based investment portfolios
Investment types
To do investment in encrypted assets there are four possible variations
- Buying any cryptocurrency from anywhere in this world, but might be illegal in some countries.
- You can earn cryptocurrencies with the help of mining power, but you have to reduce the overall computing power costs.
- You can only buy the listed crypto exchange stock
- You can buy listed crypto exchange stock as well as exchange-owned cryptocurrency.
All the above options have their own risk factors associated with them for example operating risks and compliance issues. Many investors still mark Bitcoin as a high risky cryptocurrency because Bitcoin has not the same legal status in the entire world, some countries mark Bitcoin as a virtual commodity, how people recognize Bitcoin in the future is still not clear, but the fact is that Bitcoin still dominating the crypto world.
Blockchain stages
Blockchain has been divided into three stages, the first stage is blockchain 1.0 that evolved due to financial turmoil in 2008 and the product is Bitcoin refers to safer, innovative, a countermeasure against fraud, a standard payment system, and a fast currency. Stage 2.0 is much advance than simply Bitcoin, this stage offers commercial contracts that will absolutely innovate the traditional stocks, securities, futures, loans, clearing, and settlement. Stage 3.0 of blockchain corresponds to a more industrialized blockchain where our health, management, science, justice, and voting utilized the advantages of 3.0 blockchain and the vast computing power. It is also obvious that stage 3.0 will bring more types of applications that will satisfy our complex business logic.
Mining
Investment in mining is also an attractive option among many individuals, but a sharp drop in currency prices make miners worry overtime but if you look at the power consumption in global Bitcoin mining which surpassed the 121.36 TWh equivalent to the energy demand of the University of Cambridge in 744 years, to catch high-profit miners always choose those areas where the cost of energy is much less and the availability of energy is sufficient.
Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://medium.com/cryptocurrencies-ups-and-down/crypto-assets-not-only-currencies-but-investment-opportunities-4e5031369859?source=rss——-8—————–cryptocurrency
