6 Reasons Why Smart And Rich People Invest In Crypto?
“Millennials are the smartest generation of all time.”
Now… don’t kill the messenger! This is not Ananda’s stance but that of Melia Robinson, a senior writer from Tech Insider.
And what she declared in her Insider column; Millennials are the smartest, wealthiest generation.
But did you know that millennials who are self-made millionaires invest in cryptocurrencies? As of this writing, 83% of millennial millionaires own, buy and trade cryptocurrencies.
It doesn’t take rocket science to figure out that, self-made millionaires are savvy when it comes to investing their money in the right places.
And this article will discuss why millionaire millennials are trading, using, and owning Crypto.
1. There Will Be 200 Million Blockchain Wallet Users By 2030
The Deutsche Bank recently released a report saying there will be over 200 million blockchain wallet users by 2020. It’s still early days for this technology, but the potential is clear.
Blockchain is a distributed database that allows for secure, transparent, and tamper-proof transactions. This could revolutionize everything from finance to healthcare to governance.
With so many exciting possibilities on the horizon, it’s no wonder blockchain is quickly becoming one of the hottest topics in tech. Are you ready for the future?
The world’s most influential people seem to be buying into Bitcoin. Jack Dorsey, Twitter’s CEO, has stated that he believes in the future of cryptocurrency and its potential for becoming one global currency– even more than fiat currencies!
Elon Musk says, “crypto is a better way to transfer value than pieces of paper.” China State TV calls Blockchain — which enables crypto transactions– ten times greater than anything we’ve seen before.
2. It's The Most Significant Technological Innovation Since The Internet
It would be hard to overstate the significance of blockchain technology. Invented in 2008, it is the most significant technological innovation since the Internet.
For the first time in history, it is possible to transfer value without needing a third-party intermediary.
This has massive implications for businesses, governments, and individuals alike. Businesses can now conduct transactions without the need for costly middlemen. Governments can increase transparency and reduce corruption.
And individuals can send money overseas without incurring fees or facing currency fluctuations.
The potential applications of blockchain are almost limitless. With its ability to revolutionize so many industries, it’s no wonder blockchain is being hailed as the most important invention of our generation.
The blockchain is a revolutionary new technology that will soon revolutionize how we do business. And just like the internet back in ’95, it will become an integral part of our lives and livelihoods. So if you’re not already on board with this incredible development, consider yourself left behind!
3. It's The Ultimate Inflation Hedge
The thing about traditional money is that it’s always going down in value. And this isn’t by accident!
Governments and central banks do it on purpose – especially when there are financial crises like 2008 or 2020’s current one. At times such as these, we have a cash shortage (or coins).
To understand why smart people trust gold more than money, it’s essential to know that when there’s an economic crisis in the world – new Gold doesn’t just magically appear out of nowhere.
And like Bitcoin and other cryptocurrencies, they are not created as a short-term fix for financial problems, which means they also hold their value and are inflation-proof too!
4. High Return On Investment
Many people believe that investing in Crypto offers a high return on investment. While there is no guarantee that you will make money from investing in Crypto, the potential rewards are great.
Of course, Crypto is a volatile market, and prices can go up and down. However, over the long term, the market has tended to go up. For example, if you invested $1,000 in Bitcoin in 2017, your investment would be worth over $40,000 today.
This means that if you are patient and invest for the long term, you are more likely to see a good return on your investment. So, if you are looking for an investment with the potential for high returns, Crypto may be right for you.
5. Even At Its Early Stage, Crypto Is Disrupting Markets
When it comes to crypto, there is a lot of speculation about the future. But even at its early stage, crypto is already disrupting markets and has the potential to change the way we do business.
Deutsche Bank has released a report detailing how the cryptocurrency market started to resemble the internet in the early 1990s. The report draws parallels between the two industries, highlighting how both have disruptive potential and are growing rapidly.
The cryptocurrency market is still in its infancy, but it has already significantly impacted several industries. The report notes that the cryptocurrency market is worth $260 billion, a significant increase from the $30 billion it was worth just a few years ago.
The report goes on to say that the cryptocurrency market has the potential to disrupt a number of industries, including banking, payments, and even the government. The report states that the cryptocurrency market is still in its early stages, but it has the potential to grow exponentially.
The report concludes by saying that the cryptocurrency market is still in its early stages, but it has the potential to grow exponentially and disrupt a number of industries.
6. Major Players Are Taking Crypto Seriously
Big businesses are starting to accept Bitcoin as a form of payment. Here are just some of them:
- Microsoft
- AT&T
- McDonald’s
- KFC
- Subway
- Virgin Galactic
- CheapAir
- Gyft
- 4Chan
- Norwegian Air
- Twitch
- Wikipedia
- And more…
- Lots more!
Yes… indeed, some companies are still unwilling to accept Bitcoin yet — because it’s still pretty volatile.
That said, it is only natural that Bitcoin’s volatility will decrease over time, and more major businesses will embrace cryptocurrencies – including Bitcoin and other Crypto – as payment.
For example, Twitter CEO Jack Dorsey said his company would invest $50 million into cryptocurrencies!
So if you want your money today or later on invested wisely, get onto this ASAP before somebody else does.
And while those African countries ravaged by inflation still HAVEN’T figured out that cryptocurrency is far superior to using mobile minutes as currency!
Conclusion
Cryptocurrencies are the future of investment. They are digital, global, and secure currencies that allow for anonymous transactions.
The blockchain technology that powers cryptocurrencies are one of the most significant innovations since the internet.
As businesses take crypto seriously and more people adopt it, the value of these coins will continue to increase.
Sign up to the Ananda Platform today and start trading cryptocurrencies!
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