It is almost impossible to know whether investing in cryptocurrencies in 2031 is a wise choice or a risk.
On the one hand, the risks associated with still imperfect regulation and high volatility still exist today, on the other hand, it cannot be denied that cryptocurrencies are more and more an alternative asset for savings.
The mentioned survey, conducted by Goldman Sachs, shows that 37% of investors today consider cryptocurrency to be a more attractive investment than what the stock market offers.
However, while many recognize their appeal to digital currencies, they continue to favor traditional assets.
To understand the future of cryptocurrencies, one can only try to formulate the situation. Some aspects seem to lead us to believe that digital coins will increase in value in the coming years.
For example, Coinbase, a well-known marketplace dedicated to buying and selling cryptocurrencies, despite being only 10 years old, was valued at around $72 billion after it went public, about the same as BNP Paribas is valued today. a historic French bank that has existed since 1848.
What cryptocurrencies to invest in
Allocation of 1% or 2% of your portfolio to virtual currency can allow, on the one hand, not to stand aside in case of further growth of the currency, and on the other hand, not to expose yourself to huge losses.
But what other aspects to consider? In general, you can also decide on the choice of cryptocurrency in which to invest.
There are hundreds of cryptocurrencies out there today, some with near-zero values, others are outright scams.
Bitcoin, for example, has its own much more established structure and authority than other cryptocurrencies.
The investor knows that the number of bitcoins produced is limited and that 99% of the coins will be mined by 2030.
Ethereum also enjoys a certain reputation, and the development technology is increasingly used in the decentralized finance market.
What do the experts think
According to economist David Rosenberg, bitcoin's recent exponential growth is not normal, prompting him to claim that bitcoin is "the biggest market bubble" today. However, Rosenberg himself acknowledges that the entry of institutional investors such as PayPal, Fidelity and Microstrategy cannot be ignored.
According to Morgan Creek Digital co-founder Anthony Pompliano, buying bitcoin is a good inflation hedge, so much so that he likens the virtual currency to gold and sees it as a purchasing power protector. Cryptocurrency staking security, what experts say on this topic, read in this article - https://crypto.news/crypto-staking-safety-what-experts-say/
But not everyone agrees, according to billionaire entrepreneur Mark Cuban, bitcoin is by no means an inflation-proofing currency.
According to the entrepreneur, more and more countries around the world will take measures aimed at taxing those who have reserves of value in virtual currency.
What else to consider
As we have seen, conflicting opinions about the future of Bitcoin and, in general, about the world of cryptocurrencies exist even among the most experienced and experienced investors.
Of course, the future investor should take into account, no matter what, that virtual currencies and blockchain technology have caused a revolution, the results of which are unpredictable.
Meanwhile, Google and Facebook have sparked interest in technology and started thinking about how to develop their own digital currencies. In addition to traditional bank cards, you can find out what other ways to deposit at the casino by going to this site.
China is working so hard on its digital currency that it has already experimented with using the currency in the city of Shanghai, giving away 200 yuan to around 100,000 residents.
Finally, the statements of the President of the United States should be considered. Joe Biden has plans to regulate cryptocurrencies, and the implications of this are yet to be tested.
In conclusion, cryptocurrencies and blockchain in general are an emerging technology with high and undeniable interest.
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