5 Compelling Reasons To Invest In Blockchain Technology
March 19, 2018
Investments are scary things, especially when perceived high risk is involved in areas that are new and seemingly unknown. When a new technology like Blockchain comes out that promises to revolutionize the way we live life and do business, there will be die-hard fans and many skeptics. It is hard to make a good decision when people are giving you uneducated opinions that might misguide you so in this post we list five good reasons why you should invest in Blockchain:
Volatile Market = High returns
Normally an unstable stock market is not good since it will have negative impacts on the government activities and the private sector. This doesn’t apply for cryptocurrencies though. Because it isn’t backed up by anything, it being volatile is the best opportunity for investors to make high returns. Until cryptocurrencies and Blockchain gets mass adopted, investing in it will have higher risk and reward than stock markets. You should do plenty of research and find promising projects that would be a stable investment.
Huge growth potential
Bitcoin started in 2009 when Satoshi Nakamoto wrote the whitepaper Bitcoin: A Peer-to-Peer Electronic Cash System. What started out as a decentralized currency at only a few cents, went all the way up to $17,900 at the end of 2017. Yes, maybe you missed out on that opportunity but we are just starting to explore the possibilities of Blockchain, beyond cryptocurrency. Please read this article for more information on why Blockchain is more than just cryptocurrencies. As the technology gets used by more people, and more usages get explored, Blockchain will become a huge part of the daily life, making it a solid investment.
Companies that support Blockchain
Some of the leading technology companies are seeing the potential in Blockchain and starting to invest and explore the possibilities. Microsoft, Bank of America, Mastercard, IBM, Dell, Google, Hp are just a few. These are companies that are worth billions of dollars and they understand investing in Blockchain will give them a competitive edge. So it wouldn’t be a big surprise if Blockchain turns out to be a worthwhile investment, just like the internet.
Compatible with emerging technologies
Just like Blockchain, there are many other revolutionary technologies that are being developed such as AI, IoT and immersive technologies. These are only a few of the upcoming technologies that will define the way we live in the future, and Blockchain is the perfect partner for them (Please read this article for more information). This is another reason why Blockchain is a good investment because it will be utilized by many technologies that will get mass adopted
It is relatively easy and low cost
Unlike investing in stocks, investing in Blockchain is very simple and can be as cheap as you want. All you would need to invest is to make an account on an online exchange and purchase the currency you desire. It is readily available to everyone with an internet and the charges are a fraction of what banks charge as well and plus there are a tonne of research online.