Cryptocurrencies as an asset for investment
It seems that today you can only invest in gold or currencies of other countries. But there is another solution – cryptocurrencies.
Some will find this approach to investing too risky, but if you look inside cryptocurrencies, there are a lot of opportunities and options for investment and diversification, and they are protected from sanctions. However, when dealing with this asset class, one should always keep in mind the volatility and high risks.
Technically, cryptocurrencies are a digital asset that has the features of securities, limited resources and currencies. To purchase the asset, any platform, exchanger or exchange is used. Cryptocurrencies are stored on online wallets, on exchanges themselves or on external devices – “cold” wallets.
There are already about 20 thousand cryptocurrencies in the world.
What exactly to invest in and what problem will it solve?
Let’s start with the classics – and it’s not bitcoin. Stablecoins are the best for saving currencies, easy to send from point A to B. In terms of technology, they are all the same cryptocurrencies, but they are equated to a certain exchange rate: in the case of the most popular stabelcoin, to the dollar – USDT.
There are other similar coins: BUSD, USDC, DAI, TUSD. And each of them is considered a kind of cryptodollar.
Do you want to invest in gold in an alternative way, without buying it physically? Stablecoins can help here, too. PAXG coins reflect the real-time value of gold, and the liquidity allows you to both buy and sell any amount. PAXG can be bought for the same USDT on cryptocurrency exchanges.
Bitcoin (BTC) and etherium (ETH) are two classic cryptocurrencies, which together make up 70% of the entire market, or $1.5 trillion. Two years ago bitcoin was worth $3600 and today it’s trading at $38k.
For those who don’t have that much money, I have good news: you can buy bitcoin for any amount, as it is divisible down to 0.00000001. This also applies to other cryptocurrencies, including etherium. Bitcoin can be bought for USDT, directly for rubles or currency through existing payment institutions.
There are dozens or even hundreds of cryptocurrencies other than those mentioned. Coins DOT, SOL, AVAX, TERRA are very popular now. International trading analytics indicate that they have significant potential.
A lot of noise was made by a coin, the creation of which is attributed to Nikolay and Pavel Durov. We are talking about the TON project and the cryptocurrency Toncoin. I wrote about it back in October. With the growing number of Telegram users and rumors about the integration of Toncoin and this messenger, this cryptocurrency may show serious development. But we should never forget the risks.
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