The million dollar question: ”Will Cryptocurrency Survive in 2021”? Should you keep investing?
Our world has seen a lot in the year 2020, the sudden pandemic outbreak, that slumped our global economy to a rabbit hole. The adverse effects of this deadly virus have introduced us to a new set of possibilities with the digital revolution and give us hope to do something better and engaging in the year to come.
But when our world is already going through a lot and uncertainty is at its peak, is it a really good choice to invest in the cryptocurrency in 2021?
This is the million-dollar question, as no business or investor is willing to take an unnecessary risk by putting money at the place, where it is very hard to make a solid prediction.
You cannot forget that the digital world has got a lot many more opportunities to offer, however you need to be wise enough to pick the most out of it.
So, will cryptocurrency survive? Let’s read this post to understand why it is highly recommended to consider 2021 as the big year for the crypto revolution.
Cryptocurrency and pandemic
As pandemic made a sudden and violent entry into our world, we were left with no choice but to concentrate on what we had in our hands. And in his hard times, bitcoin came down to almost $3,000, but this low was only for a short period of time. And sooner it climbed up hitting $10,000. This created an argument in the market, whether it is a smart choice to invest in cryptocurrency in the post-pandemic world.
So hold your breath, because the answer is YES!
It is very likely this currency would grow and become the hot favorite of users in the year 2021. Below we have collected a few facts to help you make your decision.
Cryptocurrency will have the brightest future
Cryptocurrency, which seemed a hoax, has gradually gained its recognition in the market. However, when we think of this currency, then Bitcoin wins the race as the king of cryptocurrency.
And considering the huge demand for bitcoin, makes it very clear the cryptocurrency is here to stay and that it is not going anywhere.
However, if you want to widen your approach then you should know that there are four cryptocurrencies to invest in 2021:
So just keep your chin up and start investing in this digital currency to gain a huge round of benefits.
One more question that keeps banging in your head that will 2021 be the right time to invest in cryptocurrency?
Hmm, although it is not easy to predict what will happen with cryptocurrency. There are many speculations going round in the market, however, if you calculate the current rate, it seems that it wouldn’t be a huge risk to invest in cryptocurrency right now. With the pandemic impact, where everything has turned into a digital revolution, investing in this digital mode would really ignite the spark and lead investors to invest at a larger ground.
Let’s read this post further to understand why you MUST invest in cryptocurrency in 2021.
Cryptocurrencies will be a great investment tool
It wouldn’t be wrong to mention that millennials look forward to investing in cryptocurrency, not just for a fad, but they simply see the potential it holds within.
It is expected that in the near future different sports organizations and public figures would realize their own altcoins, to make the most out of it.
Drive the future of trading
Due to the regular changes made in the technology, many out there believe that cryptocurrency is not ready for mass adoption. But this is not the fact, as there is much more yet to be explored on the wider platform with decentralized exchanges.
The age-old centralized exchanges don’t serve the purpose of cryptocurrencies. On the other hand, decentralized exchanges, transactions let the process take place between users without any need of a third-party, leading to zero transaction fees. Further, security is the most utilized aspect of this type of money transaction, as there is no fiddling of data.
Market volatility will grow stronger
As we all know that cryptocurrencies are unstable by their nature, as they are still in the nascent stage. But in the near future when there will be mass adoption, cryptocurrency will grow out of bounds. Hence the market volatility will grow stronger till the time it gains a strong foothold in the market.
Food for thought
No doubt, technology is driving the world around us, letting everything get changed quickly. In this run, cryptocurrencies are transforming the global financial system and have made a clear point that there will be no more financial flows to be experienced through traditional methods.
The decentralized ledger will have many more engaging possibilities to bring a revolution in the near future, where accessing a secured payment system through the hands of technology will not be a cumbersome process, but a one-tap journey only.