Ten years ago, most people would have laughed if you said you hold part of your investment portfolio in cryptocurrency — a type of virtual currency that is secured through various cryptographic and computer-generated means. But these days, you might be seen as behind on the times if you don't currently invest, or if you have never traded a single Bitcoin, Ethereum, or Litecoin in your life.
Like it or not, cryptocurrency is practically everywhere these days and no longer just for day traders and nerds. In fact, many traditional businesses are integrating cryptocurrency into their platforms in some form, or using it as a means to launch other types of products.
Bitcoin cryptocurrency symbol on yellow balloon. Man hold needle directed to air balloon. Concept of finance risk
GETTY
Cryptocurrency Continues Gaining Steam
Case in point: In October of 2020, PayPal launched a new service that made it possible for their account holders to buy, sell, or hold cryptocurrency, or to use it to buy stuff at 26 million different merchants.
PROMOTED
According to the payment platform, mainstream use of cryptocurrencies has largely been "hindered by their limited utility as an instrument of exchange due to volatility, cost and speed to transact."
However, they believe their platform could provide a means to make cryptocurrency more useful as a payment method.
"The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly," said Dan Schulman, president and CEO of PayPal in a press release.
MORE FOR YOU
Expect This For Your Student Loans Tomorrow
JPMorgan Issues Bitcoin Price Crash Warning After Sudden Bitcoin Sell-Off
2021 Bitcoin Price Predictions: Is The Massive Bitcoin Bull Run About To Peak?
Edmund McCormack, founder of crypto investment platform DChained, says this move on behalf of Paypal PYPL +3.7% was expected but also needed to usher cryptocurrency into the mainstream.
"This decision directly addresses three of the most common objections that cryptocurrency has faced in the last 10 years, including practicality for day-to-day purchases, a clearly defined and easy to use marketplace, and legitimacy," he says.
McCormack also points to the payment platform Square SQ +9.3%, which reportedly invested $50 million into Bitcoin in October of last year.
At the moment, you can choose from a nice selection of cryptocurrency savings accounts. In the near future, you may also be able to sign up for the world's first-ever Bitcoin rewards credit card, which will be offered by BlockFi. The BlockFi Bitcoin Rewards Credit Card will work like traditional rewards credit cards, except that you'll earn 1.5% back on each purchase in Bitcoin instead of in another rewards currency. Currently, this card is on a waitlist.
What does all of this mean? As more and more businesses and platforms find ways to utilize cryptocurrency — or let their customers use it — it will become even more mainstream than it already is. But, should you invest in cryptocurrency?
The answer depends on who you ask.
Why You Should Consider Investing In Crypto
According to Claire Lovell, Associate Director of Product Management at Gemini (a cryptocurrency investment platform), Bitcoin reaching all-time highs and legacy financial institutions adopting cryptocurrency means that digital currencies have finally become an important part of finance and FinTech.
In terms of advantages, Lovell says cryptocurrency gives consumers greater choice, independence, and opportunity in their finances. Further, cryptocurrency’s decentralized, open-source nature helps "eliminate the weak points of the modern banking system by bringing access directly to consumers," she says. This makes it easier to buy, sell, store, and trade the best performing assets of the last decade.
Not only that, but Drew Hamilton, CEO of Rubix.io (a cryptocurrency platform) says cryptocurrency is in its infancy. This means that, if you invest now, you could be getting in on the ground floor "even though the prices seem high."
After all, some experts have suggested that Bitcoin could be worth as much as $100,000 one day. A leaked (and frequently cited) report from Citibank even showed that one industry insider believes the digital currency could surpass $300,000 per coin by the end of 2021.
Attorney Len Garza, Esq. of Garza Business and Estate Law, agrees that investing in a new investment vehicle like Bitcoin has the potential to lead to massive gains (as well as massive losses). Further, cryptocurrency is easily one of the most liquid investment assets since trading platforms have been established across the globe.
The Case Against Cryptocurrency
But, not everyone thinks investing in cryptocurrency is a good idea — at least not for the average investor.
According to Garza, the flipside of the "newness" of cryptocurrency is the incredible volatility we've seen so far. Simply put, investing in cryptocurrency isn't for the faint of heart.
For example, one Litecoin would have set you back more than $300 at the end of 2017 ($306.87 on December 15, 2017), but the currency dropped to around $30 by January of 2019. At the time of this writing, one Litcoin is worth $140.96.
And we all know that Bitcoin fell below $4,000 per coin in January of 2019 before hitting an all-time high (so far) at $41,940 on January 8, 2021. While it's always fun to win, that's a wild ride many people would never want to be on.
Aside from the volatility, Garza says cryptocurrency is ripe for fraudsters since there are no regulations that govern the various markets.
"Buyer beware," he says.
Finally, hacking is a big threat if you’re a crypto investor. Online exchanges permit you to trade your cryptos on mobile apps and websites, both of which expose you to hackers stealing all of your investment. And if someone gets their hands on your cryptocurrency, well, there's really nothing you can do about it.
Ryan Shuchman, partner of Cornerstone Financial Services in Southfield, Michigan also points out that crypto investors are required to use non-traditional custodians to acquire and manage their funds. Unfortunately, Shuchman says companies like Coinbase and Gemini lack the track record of security and stability that custodians such as Fidelity, Vanguard, and TD Ameritrade have earned.
For these reasons and others, Robert R. Johnson, PhD, CFA, CAIA and Professor of Finance at Heider College of Business, Creighton University, says that Bitcoin and other cryptocurrencies are "the purview of speculators." No one should consider buying Bitcoin or any other cryptocurrency as an investment, he says.
Johnson says the only way to value cryptocurrencies is through the greater fool theory, which requires a greater fool to pay you more than you paid.
But, he says you don't have to listen to him. Instead, Johnson says to listen to Berkshire Hathaway BRK.B +2% Vice Chairman Charlie Munger who is famous for sharing his thoughts on investing in cryptocurrency:
"It's like somebody else is trading turds and you decide you can't be left out."
bitcoin earning bitcoin lottery bitcoin p2p maps bitcoin bitcoin лохотрон bitcoin converter
bitcoin simple
4000 bitcoin
ethereum addresses lite bitcoin bitcoin multisig калькулятор ethereum raspberry bitcoin bitcoin краны bitcoin p2p партнерка bitcoin bitcoin advcash bitcoin выиграть bitcoin 2016 видеокарта bitcoin логотип bitcoin bitcoin usa bitcoin вложить bitcoin fpga bitcoin обсуждение bank cryptocurrency 10 bitcoin bitcoin grafik bitcoin com bitcoin earnings bitcoin nachrichten bitcoin in cryptocurrency dash bitcoin kran обмен bitcoin cryptocurrency magazine playstation bitcoin games bitcoin daily bitcoin bitcoin видеокарты bitcoin go bitcoin up iso bitcoin видео bitcoin ethereum обвал доходность ethereum token ethereum alpari bitcoin ethereum описание happy bitcoin bitcoin 0 ethereum асик bitcoin etf bitcoin joker unconfirmed bitcoin
китай bitcoin exchange ethereum котировка bitcoin people bitcoin bitcoin clock верификация tether
start bitcoin
ethereum описание bitcoin приват24 unconfirmed bitcoin
Now that we have seen a brief overview of what bitcoin is, we can better understand how this leading cryptocurrency provides potential benefits to its users.bitcoin qiwi habrahabr bitcoin bitcoin x2 etf bitcoin capitalization cryptocurrency эмиссия ethereum фильм bitcoin
panda bitcoin ethereum ann bitcoin novosti сделки bitcoin
game bitcoin phoenix bitcoin bitcoin продам
казино ethereum pokerstars bitcoin ethereum contracts bitcoin earnings автомат bitcoin bitcoin charts bitcoin bcc sec bitcoin bitcoin 100 bear bitcoin apple bitcoin bitcoin red bitcoin видеокарта youtube bitcoin криптовалют ethereum bitcoin депозит bitcoin mining bitcoin переводчик криптовалюту bitcoin сша bitcoin tether gps bitcoin fees bitcoin s api bitcoin tether верификация отследить bitcoin ethereum википедия magic bitcoin bitcoin openssl bitcoin casino выводить bitcoin bitcoin store Ключевое слово bitcoin расчет ethereum перспективы bitcoin usb bitcoin org nonce bitcoin bitcointalk bitcoin bitcoin видео For many, the Pangolin unit will represent a good balance between value and hashing power. It’s capable of running at between 12 and 13 TH/s. Whilst this is only three quarters of the power of the DragonMint flagship model, it is still respectable. New Hampshire requires bitcoin sellers to get a money transmitter license and post a $100,000 bond. In Texas, the state securities commission is monitoring (and, on occasion, shutting down) bitcoin-related investment opportunities. And California is in bitcoin regulation limbo after freezing progress on Bill 1326 which – while criticized for issues such as overly broad definitions – was seen as less oppressive than New York’s BitLicense.таблица bitcoin bitcoin free 6000 bitcoin in bitcoin bitcoin green
usa bitcoin fenix bitcoin кран monero криптовалюта ethereum bitcoin криптовалюту collector bitcoin взломать bitcoin bitcoin blue обменники bitcoin registration bitcoin
bitcoin plus bitcoin alliance alpari bitcoin miningpoolhub ethereum bitcoin local казино ethereum king bitcoin котировка bitcoin up bitcoin бесплатные bitcoin bitcoin миллионеры ethereum calc bitcoin список ethereum usd sec bitcoin
bitcoin compare bitcoin математика ethereum картинки windows bitcoin bitcoin register аналитика ethereum monero github
monero cpu bitcoin location bitcoin hub контракты ethereum monero cryptonote Cold storage wallets✓ Quality 3rd party optionsbitcoin telegram bitcoin store hd7850 monero bitcoin котировки bitcoin прогноз bitcoin обналичить bitcoin 2017 создатель bitcoin
bitcoin pps
ethereum coin bitcoin froggy
bitcoin gadget
bitcoin s bitcoin арбитраж alpha bitcoin difficulty bitcoin ios bitcoin ethereum биткоин bitcoin step bitcoin video bitcoin pools pro bitcoin bitcoin миллионеры mac bitcoin
ethereum stratum отзыв bitcoin
monero обмен king bitcoin On the crypto miner’s side of things, this is the time for celebration because the proof of work (PoW) is now complete. The PoW is the time-consuming process of solving the hash and proving to others that you’ve legitimately done so in a way that they can verify.bistler bitcoin
aliexpress bitcoin monero ann logo ethereum обвал bitcoin monero node bitcoin me total cryptocurrency bitcoin converter bitcoin информация nodes bitcoin land bitcoin bitcoin free
fire bitcoin platinum bitcoin система bitcoin matteo monero claymore monero символ bitcoin bitcoin scrypt Risk of Bitcoin Fraudbitcoin сети биржи ethereum bitcoin ira cryptocurrency top ethereum транзакции monero proxy cfd bitcoin bitcoin mining hourly bitcoin bitcoin wallet ccminer monero nonce bitcoin tether apk cardano cryptocurrency ethereum картинки bux bitcoin monero hardfork bitcoin links bitcoin hunter bitcoin hosting flash bitcoin net bitcoin
xronos cryptocurrency
ethereum russia bitcoin прогноз mmm bitcoin bitcoin ann
tether верификация bitcoin рынок widget bitcoin лотереи bitcoin bitcoin сбор ethereum claymore ethereum контракты миллионер bitcoin лотерея bitcoin bye bitcoin bitcoin etf machine bitcoin
андроид bitcoin
reddit bitcoin bitcoin бесплатные займ bitcoin валюты bitcoin взлом bitcoin bitcoin фарм bitcoin кошелька ethereum price Are there other major investors who are investing in it? It’s a good sign if other well-known investors want a piece of the currency.ethereum wiki эмиссия ethereum bitcoin utopia ethereum википедия mainer bitcoin
bitcoin википедия kraken bitcoin bitcoin today demo bitcoin
mineable cryptocurrency bitcoin сложность bitcoin информация bitcoin миллионер putin bitcoin bitcoin cli ssl bitcoin
bitcoin earn bitcoin girls
ethereum news платформ ethereum time bitcoin ethereum geth bitcoin life казино ethereum flex bitcoin bitcoin обзор bitcoin ваучер ethereum аналитика bitcoin agario bitcoin forum claim bitcoin bitcoin super More on blocksпринимаем bitcoin Blockchain technology is slowly disrupting the insurance industry as it addresses some of the major pain points in the current processes. With blockchain technology, insurance companies can alter claims submission processes, decrease frauds, streamline payments, improve customer experience, etc. Finally, hacking is a big threat if you’re a crypto investor. Online exchanges permit you to trade your cryptos on mobile apps and websites, both of which expose you to hackers stealing all of your investment. And if someone gets their hands on your cryptocurrency, well, there's really nothing you can do about it.bitcoin word fx bitcoin
bitcoin сервисы
добыча bitcoin monero ico
debian bitcoin вход bitcoin best bitcoin разделение ethereum cryptocurrency chart bitcoin frog котировки ethereum bitcoin solo компиляция bitcoin bitcoin maps Say I tell three friends that I'm thinking of a number between 1 and 100, and I write that number on a piece of paper and seal it in an envelope. My friends don't have to guess the exact number, they just have to be the first person to guess any number that is less than or equal to the number I am thinking of. And there is no limit to how many guesses they get.сатоши bitcoin foto bitcoin tether limited This uncompromising (but somewhat extensible) design rationale makes Bitcoin viral and also useful to a broad base of potential users.app bitcoin bitcoin рейтинг сколько bitcoin сколько bitcoin банк bitcoin cryptocurrency rates bitcoin зебра ethereum info bitcoin форк bitcoin tor cubits bitcoin bitcoin hunter london bitcoin bitcoin bitrix cryptocurrency capitalization lite bitcoin nanopool ethereum bitcoin доходность stealer bitcoin bitcoin софт to bitcoin ethereum bonus bitcoin accelerator p2pool ethereum tether верификация мониторинг bitcoin bitcoin daily bitcoin зарегистрироваться ethereum инвестинг bitcoin кошелек tether приложение bitcoin bbc
tokens ethereum кран monero bitcointalk monero 22 bitcoin
bitcoin passphrase 8 bitcoin sell ethereum Note: As a reward, the miner gets 12.5 BTC (bitcoins)monero node sec bitcoin bitcoin box project ethereum bitcoin segwit2x multisig bitcoin ethereum кошельки time bitcoin tcc bitcoin strategy bitcoin форк bitcoin bitcoin center live bitcoin вход bitcoin autobot bitcoin кошелька bitcoin
euro bitcoin bitcoin lurk statistics bitcoin
metropolis ethereum приложение bitcoin технология bitcoin bitcoin electrum bitcoin заработать ethereum перспективы ethereum github bitcoin development bitcoin freebie bitcoin de обмен monero робот bitcoin converter bitcoin preev bitcoin bitcoin darkcoin bitcoin bat инструкция bitcoin dag ethereum bitcoin коды форекс bitcoin zona bitcoin bitcoin знак coin ethereum bitcoin landing ethereum address bitcoin rpg coinbase ethereum шифрование bitcoin cryptonator ethereum
trade cryptocurrency bitcoin cran rocket bitcoin клиент ethereum bitcoin презентация кран bitcoin bitcoin clouding bitcoin кошелька bitcoin tools миллионер bitcoin bitcoin видеокарта avto bitcoin платформы ethereum bitcoin x2 service bitcoin значок bitcoin bitcoin обозреватель bitcoin анимация ccminer monero nya bitcoin программа ethereum ads bitcoin майнер monero bitcoin кошелька captcha bitcoin dwarfpool monero ethereum supernova java bitcoin monero сложность bitcoin vector facebook bitcoin ethereum clix bitcoin girls bittorrent bitcoin обменники bitcoin loans bitcoin bitcoin 20
bitcoin poker расшифровка bitcoin курс ethereum
банкомат bitcoin iso bitcoin bitcoin fast bitcoin phoenix сокращение bitcoin bitcoin vps value bitcoin surf bitcoin сложность ethereum ethereum заработать money bitcoin tether обменник bitcoin zona bitcoin eobot ethereum видеокарты bitcoin оборот bitcoin demo ethereum supernova play bitcoin nicehash bitcoin майн bitcoin описание bitcoin tokens ethereum bitcoin novosti tether транскрипция 999 bitcoin bitcoin мошенники bitcoin автосерфинг bitcoin приложение
cryptocurrency charts coingecko ethereum birds bitcoin bitcoin криптовалюта bitcoin генератор 6000 bitcoin equihash bitcoin value bitcoin bubble bitcoin
time bitcoin avatrade bitcoin difficulty bitcoin bitcoin coingecko технология bitcoin bitcoin transaction сеть bitcoin bitcoin ключи ethereum аналитика machines bitcoin ethereum контракт utxo bitcoin падение ethereum bitcoin gold bitcoin суть ethereum course bitcoin xbt surf bitcoin ethereum заработать bitcoin darkcoin bitcoin протокол matteo monero faucets bitcoin ethereum network
credit bitcoin bitcoin usd dogecoin bitcoin bitcoin telegram лохотрон bitcoin ico bitcoin трейдинг bitcoin
bitcoin сервисы monero майнер bitcoin 123 p2pool bitcoin bitcoin brokers reverse tether email bitcoin ultimate bitcoin bitcoin coingecko bitcoin проект википедия ethereum bitcoin life flash bitcoin ann ethereum bitcoin monkey wei ethereum ethereum charts For example, Ripple's coin, known as the XRP, may serve as an intermediary that'll allow transactions to settle faster. Ripple is a blockchain company that's focused on partnering with big banks and financial institutions. Imagine that a customer in Japan wants to make a payment to a business in the U.K. If this payment were routed through Ripple's blockchain, it could take the payment in Japanese yen, convert that payment into XRP coins, then convert those coins into British pounds. All of this could theoretically be done instantly, or at the very least considerably faster than traditional banks (and hopefully for a lower cost). bitcoin магазины In short, the goal is for Ethereum apps to return control of the data in these types of services to its owner.Credit Card Transactionsethereum windows bitcoin ru
bitcoin airbit monero pool bitcoin лохотрон bitcoin биткоин
bitcoin mmgp bitcoin адрес total cryptocurrency bitcoin spinner ethereum vk
краны monero eth ethereum bitcoin gold bitcoin auto ethereum токены история ethereum купить ethereum bitcoin metal accepts bitcoin home bitcoin bitcoin торговля coinmarketcap bitcoin взломать bitcoin bitcoin роботы bitcoin brokers
monero cryptonote bitcoin usa bitcoin icons map bitcoin bitcoin mempool bistler bitcoin bitcoin фарм rx470 monero bitcoin продать обменники bitcoin bitcoin bux ethereum course ethereum виталий
monero blockchain locate bitcoin скачать bitcoin Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.