The rising controversy around cryptocurrencies brings a great deal of attention to our digital payment systems. You have the fallen prices of bitcoin, the regulatory compliance of Ethereum and the many vendors like Apple that’ve made cryptocurrencies a payment option through internet use. There’s a lot going on.
Bystanders are watching, and they’re wondering about the investment potential of cryptocurrencies right now. You’d be right to question the financial potential of this rising industry also. There’s some money to be made. The clear message we’re getting from professionals is that cryptocurrencies are still a green light investment.
Let’s take a look at why the “digital coin” is worth a second round of financing.
There’s No Market Saturation
The integration that cryptocurrencies make is impressive. We consider options like Ripple that’s now used by American Express and MoneyGram International. There are over 30 banks using Ripple as it focuses on the banking infrastructure. It’s clear that banks need it.
Systems like Ripple haven’t met a market saturation, for they’ve only started. There are still agencies adopting bitcoin as a payment system. The day we see cryptocurrencies used by every agency on the planet is the day their investment value is questionable.
Regulatory Measures Have Just Started
Ethereum, the producer of Ether, was just audited by the SEC, and this brought a great deal of insecurity into the trading markets for electric coins. The entire industry was surprised, however, as the SEC confirmed that Ether wouldn’t be defined as an illegal security. The leaps being made through regulation are key.
The fears that investors had are going away, and now it’s only a matter of time before prices rise as confidence does also.
Easy Entry For The Average Person
Cryptocurrencies give the average person an opportunity to play on Wall Street without having the credentials or capital-power of Wall Street. This means you don’t have to save $25,000 apart from your home’s down payment or without you losing your mind if you lost it.
You can instead start trading cryptocurrencies with as little as one U.S. dollar.
Institutional Banks Are Going All In
Banks have no choice but to join in. They may be hesitant about the past of bitcoin, but the world has so many others to consider. Banks can’t escape popular coins because of how blockchain works. Getting the currency of one blockchain or using a different blockchain than the currency you have requires conversions.
Buying Ripple, for example, requires that you already hold an option like bitcoin for the purchase. Banks will have to cooperate in order for us to use what they have.
You’ll Likely Need Some In The Near Future
The success of bitcoin showed the world that it’s possible to rely on a digital alternative to paper money. Because you’re likely to need some for common, day-to-day spending, it makes sense to make the investment now.
Glasscrypto is a blog for all your latest cryptocurrency and blockchain news and advice!
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