There are many reasons why seasoned Wall Street investors are flocking to cryptocurrencies. After a long period of playing the wait and watch game, a number of Bulls on Wall Street have come out and spoken publically about cryptocurrencies like Bitcoins.
From a growth point of view, cryptocurrencies offer huge potential. However, it is essential that for true, long term growth to happen, they need to integrate themselves in the world economy. We are talking about more businesses accepting them, payment gateways like Visa and MasterCard recognizing them, and governments legalizing them.
As we speak, most of the things I have mentioned above have been set in motion. To be honest, there is still a long way to go when it comes to crypto being accepted in the same fashion as fiat currencies.
This can be good news for investors who are always on the lookout for up and coming new assets to invest in. In this article, we are going to help investors looking to diversify their portfolios by pitching Bitcoins and other crypto.
List of 5 Reasons why you should look at Crypto to diversify your Investment Portfolio
1. The Tax Benefits-
Many people do not know that cryptocurrencies like Bitcoin are treated as ‘Property Taxes’ in the USA. This means that if you hold your Bitcoins for a stated period, you will be able to save a lot of capital tax gains from Bitcoins. According to experts, you can save as much as $80K in taxes if you make joint filings with your spouse in America. This is a huge tax break if you compare the same with stocks or commodities in today’s times.
2. Safety and Security-
Investors are always looking to secure their gains in the safest possible manner. However, unlike paying a fortune for lockers to store your gold, Bitcoins do not need you to spend the same. You can easily store your private Bitcoin key in a simple hardware like a pen drive or a hard disk. Experts suggest that you should avoid using online places to store your private key. Bitcoin and cryptocurrencies cannot be hacked from your account, until you hand over the key.
3. High-Growth Potential-
If you are reading this article, I am sure you have read about the high growth of Bitcoins even during the pandemic. If you have been attracted by wealth and margins, you are not alone. The Q profit System has made millionaires out of normal people like you and me. Compared to any other asset, Bitcoin has seen the fastest growth in recent years. Its growth was so impressive that it even left behind dependable assets like gold behind during the pandemic.
4. Tech for the Future-
The early investors in Google, Oracle and Apple are now comfortable billionaires because they invested in technology of the future. In a similar manner, crypto and Blockchain solutions are going to redefine human existence in a major way. If you are an early bird in the domain, you are looking at millions of dollars in the next decade or so. Investors can seize the moment right now and be the first movers in the industry.
5. Blockchain Technology-
In the last few years, a lot has been written about how Blockchain is emerging as a standalone area of interest for investors and entrepreneurs. This is a major reason, why some of the world’s best startups are showing great interest in Blockchain technology. If as an investor you do not want to just end up buying crypto, you can always look to invest in Blockchain tech innovation firms by picking up equity. The Blockchain ecosystem is going to explode in few years.
The Final Word
Many billionaires have spoken about how everyone should invest just one percent of their wealth in crypto and forget about it. Others have spoken about how you should treat cryptocurrencies from the point of view of an insurance strategy for the future. Depending on what appeals the most to you, it is not a bad idea to pick up a few Bitcoins or some equity in a Blockchain firm.
