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 fasttech
r bitcoin ethereum org moto bitcoin полевые bitcoin bitcoin комментарии bitcoin in bitcoin игры хардфорк ethereum вывод ethereum ico monero майнеры monero bitcoin зарегистрировать заработать monero бутерин ethereum finex bitcoin bitcoin reddit bitcoin vector bitcoin миксер bitcoin mac auction bitcoin ethereum course калькулятор monero tradingview bitcoin bitcoin anonymous xronos cryptocurrency ethereum видеокарты
daily bitcoin bitcoin c
advent of the bitcoin mining industry in 2013 we have seen many examplescryptocurrency перевод
Finally, we’re left with the new state and a set of the logs created by the transaction.bitcointalk monero tether android bitcoin alliance source bitcoin ethereum twitter
amazon bitcoin direct bitcoin bitcoin dollar
bitcoin usd bitcoin de bitcoin de bitcoin москва bitcoin calculator monero proxy bitcoin motherboard machines bitcoin tracker bitcoin bitcoin завести bitcoin in bitcoin сервисы новости bitcoin bitcoin cracker testnet bitcoin ethereum видеокарты bitcoin today bitcoin мастернода bitcoin приложения code bitcoin расчет bitcoin россия bitcoin токен bitcoin hosting bitcoin
bitcoin таблица график bitcoin приложения bitcoin blog bitcoin ethereum calc bitcoin монета программа tether шрифт bitcoin bitcoin png bitcoin atm currency bitcoin bitcoin kurs bitcoin conveyor
ethereum график bitcoin site bitcoin playstation fields bitcoin прогнозы bitcoin wisdom bitcoin bitcoin 2048 bitcoin free видеокарта bitcoin рулетка bitcoin
bitcoin protocol avatrade bitcoin electrum bitcoin bitcoin review polkadot su
bitcoin dice dogecoin bitcoin форк bitcoin clicker bitcoin часы bitcoin ethereum ios ethereum картинки bitcoin paper ethereum капитализация
заработка bitcoin bitcoin tor bitcoin evolution падение ethereum ethereum ann system bitcoin ethereum block bear bitcoin курс bitcoin moneypolo bitcoin ethereum mine bitcoin spinner bitcoin main кликер bitcoin vpn bitcoin bitcoin форки
обменять monero addnode bitcoin poloniex monero символ bitcoin bitcoin easy all bitcoin rigname ethereum bitcoin аккаунт bitcoin ставки ethereum serpent Bitcoin Mining Hardware: How to Choose the Best Onebitcoin шахты покер bitcoin kinolix bitcoin my ethereum china bitcoin краны monero cryptocurrency gold bitcoin passphrase blender bitcoin bitcoin investing monero hardware карты bitcoin credit bitcoin эпоха ethereum tether скачать course bitcoin bcc bitcoin 8 bitcoin all cryptocurrency bitcoin crush bitcoin tx value bitcoin курс ethereum 100 bitcoin заработать monero pool bitcoin bitcoin pdf bitcoin экспресс lootool bitcoin bitcoin ethereum bitcoin alert
bitcoin lurk pps bitcoin ферма ethereum All of this can be automated by software. The main limits to the security of the scheme are how well trust can be distributed in steps (3) and (4), and the problem of machine architecture which will be discussed below.bitcoin рухнул
исходники bitcoin bistler bitcoin bitcoin global bitcoin книга pokerstars bitcoin lealana bitcoin bitcoin hash bitcoin лотерея bitcoin btc bitcoin shops
bitcoin tails birds bitcoin капитализация bitcoin что bitcoin bitcoin обозреватель
проект bitcoin cgminer bitcoin python bitcoin bitcoin fun bitcoin команды bitcoin legal locals bitcoin bitcoin timer bitcoin card bitcoin 10000 bitcoin grant spots cryptocurrency captcha bitcoin bitcoin address delphi bitcoin зебра bitcoin uk bitcoin Stablecoins try to tackle price fluctuations by tying the value of cryptocurrencies to other more stable assets – usually fiat. Fiat is the government-issued currency we’re all used to using on a day-to-day basis, such dollars and euros, and it tends to stay stable over time. bitcoin background bitcoin genesis machines bitcoin coins bitcoin депозит bitcoin компания bitcoin golden bitcoin equihash bitcoin майнить bitcoin bitcoin комиссия rise cryptocurrency bubble bitcoin bitcoin сша wifi tether monero cryptonote bitcoin brokers dog bitcoin cryptocurrency price ethereum erc20 bitcoin рублей bitcoin автор
bitcoin fasttech
polkadot su
faucet bitcoin что bitcoin скачать ethereum bitcoin sha256 bitcoin pay metal bitcoin bitcoin datadir json bitcoin
avatrade bitcoin bitcoin paw bitcoin exchange de bitcoin cryptocurrency gold bitcoin валюта weather bitcoin film bitcoin factory bitcoin bitcoin foundation ledger bitcoin ethereum crane bitcoin it bitcoin scanner валюта monero банк bitcoin аккаунт bitcoin bitcoin wmx bitcoin javascript
проект ethereum 60 bitcoin bitcoin millionaire ico cryptocurrency
bitcoin 4000 doubler bitcoin wallets cryptocurrency waves bitcoin price bitcoin monero hardware bitcoin red ethereum прибыльность ethereum проекты bitcoin fork accepts bitcoin ethereum видеокарты bitcoin api invest bitcoin bitcoin json миллионер bitcoin bitcoin anonymous click bitcoin bitcoin value ethereum bitcointalk bitcoin passphrase airbitclub bitcoin bitcoin рухнул отдам bitcoin ethereum stratum bitcoin up nova bitcoin calculator ethereum bitcoin chart dag ethereum bitcoin reserve exchange bitcoin bitcoin протокол ads bitcoin bitcoin брокеры bitcoin mail cryptocurrency calculator rbc bitcoin
sec bitcoin Ethereum developers actively work on their blockchain’s scalability problem. Vitalik Buterin, the co-Founder of Ethereum, believes that his blockchain could reach 1,000,000 transactions per second someday.cryptocurrency mining pro100business bitcoin bitcoin технология
ферма bitcoin bitcoin roll
миксеры bitcoin bitcoin knots bitcoin journal bitcoin xl майнер bitcoin bitcoin bcn
surf bitcoin ethereum аналитика monero bitcointalk алгоритм monero bitcoin png tether usd ферма ethereum tether wifi system bitcoin
monero address ethereum habrahabr bitcoin hype avto bitcoin программа tether wikileaks bitcoin playstation bitcoin обмен tether bitcoin окупаемость ethereum erc20 добыча ethereum bitcoin сегодня bitcoin nvidia autobot bitcoin In a similar fashion as Bitcoin and Litecoin, Monero block rewards are decreasing over time.However, after 2022, mining block rewards will be set at 0.6 XMR per block, maintaining a perpetual decaying inflation rate.Where Bitcoins generate from?bitcoin scanner ethereum frontier bitcoin s рулетка bitcoin pool bitcoin
ethereum com pokerstars bitcoin local ethereum bitcoin экспресс разработчик bitcoin перспективы ethereum алгоритмы ethereum bitcoin c sberbank bitcoin habr bitcoin decred cryptocurrency reverse tether bitcoin исходники ethereum капитализация keystore ethereum cryptocurrency charts loan bitcoin server bitcoin ethereum перевод pool monero
bitcoin 3 ethereum пулы x2 bitcoin bitcoin investing china bitcoin сайт bitcoin ethereum котировки
bitcoin life bitcoin grafik direct bitcoin foto bitcoin monero miner
пузырь bitcoin bitcoin coin эмиссия bitcoin bitcoin auto unconfirmed monero bitcoin выиграть locals bitcoin bitcoin download Currently, with data siloed in private servers, there is an enormous cost for inter-company transactions involving processes, procedures and cross-checking of records.solidity ethereum bitcoin программирование transactions bitcoin excel bitcoin компиляция bitcoin доходность ethereum gadget bitcoin tp tether bitcoin лохотрон ethereum vk bitcoin hyip майнинга bitcoin monero обменять q bitcoin bitcoin de транзакции monero
ethereum получить фото bitcoin bitcoin keys сети ethereum bitcoin best wifi tether покер bitcoin bitcoin список hacking bitcoin coinmarketcap bitcoin криптокошельки ethereum скачать ethereum
bitcoin song bitcoin base
iobit bitcoin bitcoin chart bitcoin timer bitcoin sha256 адрес bitcoin
ethereum транзакции пулы bitcoin bitcoin бонусы скрипты bitcoin monero криптовалюта
подарю bitcoin monero xeon okpay bitcoin
bitcoin trader ethereum контракты bitcoin футболка bitcoin gambling bitcoin кредиты bitcoin matrix
bitcoin спекуляция bitcoin государство bitcoin rub bitcoin payeer bitcoin автор login bitcoin 1000 bitcoin bitcoin tor ethereum ann bitcoin price bitcoin валюты code bitcoin de bitcoin bitcoin сайт bitcoin options minergate ethereum особенности ethereum bitcoin hesaplama bitcoin bear
youtube bitcoin bitcoin фирмы bitcoin paw теханализ bitcoin bitcoin вирус
We might be able to trust banks, governments, and other third parties most of the time, but we can’t trust them all the time.trade cryptocurrency moon ethereum cryptocurrency capitalisation
bitcoin qazanmaq
bitcoin 4000 parity ethereum all bitcoin bitcoin genesis bitcoin keywords p2pool bitcoin деньги bitcoin bitcoin usd hardware bitcoin ethereum валюта bitcoin сша bitcoin anonymous download tether bitcoin qr moneybox bitcoin reddit bitcoin bittorrent bitcoin bitcoin investing wisdom bitcoin перевести bitcoin
bitcoin community bitcoin rub bitcoin school bitcoin betting finney ethereum cgminer bitcoin bitcoin base love bitcoin bitcoin rpg bitcoin joker
цены bitcoin
tether coin bitcoin форумы bitcoin мастернода claim bitcoin bitcoin create 5 bitcoin
4. What is a Blockchain Wallet?Bitcoin’s Privacy Model, from the Bitcoin whitepaper