7 Reasons Experts Say It's Not Too Late to Invest in CryptocurrencyDespite industry volatility, insiders say smart investors should embrace crypto.
While it hasn't bounced back to its $20,000 value from a year ago,Bitcoinsaw a jump of 4 percent to $6,623 based on the news that asset-management BlackRock has set up a working group to look intocryptocurrenciesandblockchain, according toCNBC.
其他几个大规模投资机构made similar moves to BlackRock, leading many experts to believe that investor confidence -- and crypto value -- will rise. Here are some industry insiders who say you should be investing in crypto and why.
1. Regulation is coming, and that's a good thing.
"The SEC's announcement thatcryptocurrencieslike Bitcoin are not securities is a welcome development and will allow for additional mainstream investment. Individuals and businesses can now purchase cryptocurrencies knowing that they are not purchasing a security." -- Kevin Barry, Founder and CEO ofMyntum
Related:An Easy Guide to 'Crypto-Mining' the Market
2. Cryptocurrency is open 24/7.
"Banks and Wall Street are open Monday through Friday until 4:00 PM, whereas cryptocurrency exchanges never close. The 24/7 ability to access and trade digital currency is an important and often understated long-term benefit in the space." -- Patrick Gray, CEO ofHashChain Technology
3. Traditional investments are getting riskier.
"With continued U.S. interest rates tightening, it is sure to put downward pressure on gold and traditional safe-haven assets.Cryptocould be the one non-traditional investment that performs well in 2018/2019." -- Ray Youssef, CEO ofPaxful
Related:Why I Left Goldman Sachs and Wall Street Glory for Crypto
4. The potential for growth is massive.
"Cryptocurrencyadoption is currently 0.2 percent and has been doubling by 100 percent a year. At this rate, the potential and opportunity over the next ten years is vast. Despite some downturns, that kind of growth potential and growth rate shouldn't be overlooked." -- Patrick Gray, CEO ofHashChain Technology
5. Diversify yourself.
"Cryptocurrency helps to diversify asset classes, which has been influential for countries that have suffered from hyperinflation such as Venezuela and Zimbabwe." -- Dean Anastos, CEO ofBlockChain Developers
Related:14 Things You Need to Know About Bitcoin
6. It's a bear market.
"Cryptocurrency is this year's bear market, offering investors an opportunity to purchase cryptocurrency at only a fraction from where it was trading at the end of last year. Currently, Bitcoin is 70 percent off of its highs. Historically, Bitcoin has seen drops over 80 percent and came back seven times to achieve all-time highs. There is a good chance that this will occur again." -- Dean Anastos, CEO ofBlockChain Developers
7. There's been tremendous institutional buy-in.
"Major corporations and financial institutions have beeninvestingheavily in cryptocurrencies. These are significant steps taken by some of the most influential companies in the world and a testament to how favorable general public opinion is getting." -- Patrick Gray, CEO ofHashChain Technology
