The Number of Crypto Investors Increases Over the Period of Time

News, Opinion | April 28, 2022 By:

The enormously popular digital currency Bitcoin is still gaining acceptance. 81 million users have generated Bitcoin wallets on Blockchain.com as of April 2022, making it easy to purchase Bitcoin. For comparison, that’s a 72% rise in the number of users from a year ago, and 57 million more users than in 2018. (a 237 percent increase).

In 2021, the New York Digital Investment Group estimated that around 22% of the US adult population – about 46 million Americans – owned Bitcoin. However, very few financial advisors are able to do this for their customers. People with financial advisors are interested in learning more about Bitcoin, but just approximately one in five investors actually hold the cryptocurrency

Most Americans would consider purchasing cryptocurrencies for the first time if they could deposit them in an account at their major banks. More than 80% of those who own or have owned cryptocurrency say they would consider purchasing more if they could put it in their bank account. 

Although many people believe that one of the biggest advantages of cryptocurrencies is that they are decentralized, there is considerable interest in integrating financial institutions into the ecosystem. There is a possibility that banks may begin catering to this sector in the future. 

Credit cards that provide incentives or cashback in the form of cryptocurrencies are also attracting interest among Americans. 65% of respondents in the recently conducted survey showed that they’d be open to getting a credit card that offered cryptocurrency benefits. 

Recently, Mastercard and Gemini, a cryptocurrency platform, announced a partnership to issue a credit card with bitcoin benefits. More of these cards aren’t out of the question in the near future.

What Makes Crypto So Appealing For Investors?

One of the most talked-about and newsworthy subjects in recent years has been investing in cryptocurrencies, from the highs of incredible tales of overnight bitcoin millionaires to the lows of headlines exposing cryptocurrency-related frauds and scams. Those who are thinking about investing but aren’t sure why should start now should examine the following points. 

It is also worth mentioning that as time goes cryptocurrency becomes more appealing to those who love gambling. Nowadays many people search for crypto casinos in order to make their gambling safer and more secure. In order to find the best one among a myriad of crypto casinos, players need to read crypto casinos reviews, where they are given detailed information about the way it operates.  With its high risk and potentially high reward as an alternative investment, cryptocurrencies like Bitcoin and other digital currencies may be an excellent method to diversify investors’ portfolios, particularly those who are prepared to stick to the investment for a period of many years. Add only one percent of a multi-asset portfolio of global stocks and bonds and you’ll see an increase in yearly returns of 2.2%, according to Bloomberg. 

Exposure to cryptocurrencies and other digital assets will continue to rise. Cryptocurrency portfolios and “security tokens”, which reflect digital ownership of a property, of a piece of art, will become increasingly popular. Distributed ledgers will become more commonplace in the future, as more and more financial operations are moved to them. In addition to the potential for larger profits, cryptocurrency investors have created a long-term investment thesis that predicts that new decentralized forms of corporate governance and peer-to-peer value exchange will be the future of business and global commerce.

Cryptocurrency and blockchain technology has been likened to the early days of the Internet in the 1990s and is often described as “transformative”. Supporters of cryptocurrencies and blockchain-based startups are betting that these technologies will eventually have the same influence on society that the internet had. Investors in society that the internet had. Investors who believe that the future of networks will be distributed and that distributed ledger technology will lead to significant efficiency improvements and new breakthroughs should get engaged in cryptocurrency investment as soon as possible. 

Things Investors Need To Consider

Cryptocurrency-related solutions are increasingly becoming more advanced over time. As a result, banks and other financial institutions, as well as individual individuals, are more likely to start investing in cryptocurrencies and other crypto assets. The volatility and dangers associated with cryptocurrency holdings are likely to decrease over the next several years. For the time being, individuals who are prepared to be early adopters and to approach their investments with a long-term perspective rather than a short-term one might expect to make significant profits. 

For the first time, we can purchase and sell digital assets safely and transparently with anybody in the world thanks to cryptocurrency exchanges. AML and KYC checks, as well as other forms of due diligence, are becoming mandated by regulators, giving new customers more assurance that their money is safe and providing some fundamental consumer protections. Many people are intimidated by cryptocurrency investing since it is still in its infancy. However, now is the perfect opportunity to educate yourself and do some due research on this phenomenon, which is quickly becoming a popular alternative investment throughout the globe.