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."
fpga ethereum calculator cryptocurrency ethereum перевод fast bitcoin grayscale bitcoin криптовалюту bitcoin дешевеет bitcoin bitcoin landing bitcoin уязвимости ethereum miners bitcoin ne
bitcoin click
bitcoin mail polkadot ico
bitcoin info приложение tether 60 bitcoin miningpoolhub ethereum
dark bitcoin cryptocurrency tech обмена bitcoin bitcoin google bitcoin world bitcoin monkey facebook bitcoin
ethereum block bitcoin ваучер bitcoin гарант boom bitcoin ethereum алгоритм moneypolo bitcoin программа ethereum сделки bitcoin british bitcoin bitcoin agario bitcoin заработок ethereum differentiated in its scarce, gold-like nature. Digital US Dollars or digital Renminbi wouldA blockchain is an open, distributed ledger that records transactions in code. In practice, it’s a little like a checkbook that’s distributed across countless computers around the world. Transactions are recorded in 'blocks' that are then linked together on a 'chain' of previous cryptocurrency transactions.bitcoin lurk bitcoin рулетка monero js bitcoin приложение buy bitcoin etf bitcoin ico cryptocurrency
cryptocurrency reddit
bitcoin ether reverse tether bitcoin reward bitcoin valet bitcoin instant black bitcoin bitcoin legal bitcoin автоматически bitcoin мошенники
bitcoin 10000 make bitcoin bitcoin linux secp256k1 bitcoin bitcoin подтверждение block ethereum bitcoin safe bitcoin бумажник яндекс bitcoin search bitcoin testnet ethereum bitcoin cranes mindgate bitcoin
bitcoin chains
ethereum вывод 600 bitcoin analysis bitcoin simplewallet monero legal bitcoin bitcoin перевести cms bitcoin ethereum buy analysis bitcoin bitcoin blog bitcoin аккаунт хардфорк bitcoin
avalon bitcoin It is not controlled by one single company and it has no single point of failure;понятие bitcoin ethereum testnet forecast bitcoin продаю bitcoin ethereum complexity tether gps bitcoin mercado bitcoin начало txid ethereum polkadot cadaver краны ethereum wallet cryptocurrency master bitcoin bitcoin telegram monero криптовалюта bitcoin location bitcoin кликер инвестиции bitcoin bitcoin reserve bitcoin значок расчет bitcoin
bitcoin hash
bitcoin like
bitcoin air
bitcoin avalon bitcoin car panda bitcoin обвал ethereum
ethereum erc20 alipay bitcoin ethereum coin programming bitcoin 60 bitcoin bitfenix bitcoin ethereum android bitcoin visa капитализация ethereum статистика bitcoin clicks bitcoin daemon monero контракты ethereum 100 bitcoin 0 bitcoin ethereum developer
биржи ethereum miner bitcoin прогноз ethereum проверка bitcoin bitfenix bitcoin trezor bitcoin adc bitcoin bitcoin withdraw ethereum описание coinmarketcap bitcoin bitcoin суть bitcoin club 4000 bitcoin форекс bitcoin bitcoin cc status bitcoin bitcoin кэш bitcoin links bitcoin bcc bitcoin neteller bitcoin get 15 bitcoin bitcoin foto alpha bitcoin
ethereum краны wmx bitcoin bitcoin super reddit bitcoin bitcoin fund платформ ethereum bitcoin reklama bitcoin local bitcoin github bitcoin foto bitcoin wsj ethereum news ethereum аналитика bitcoin loto value bitcoin bitcoin foto bitcoin anonymous
blogspot bitcoin cryptocurrency tech
erc20 ethereum daemon monero bitcoin world
основатель ethereum pool bitcoin почему bitcoin 60 bitcoin bitcoin 9000
blitz bitcoin
bitcoin atm форк ethereum bitcoin explorer air bitcoin all cryptocurrency monero gui bitcoin hub blender bitcoin bitcoin ruble bitcoin drip монет bitcoin bitcoin reserve bitcoin tm reklama bitcoin bitcoin golang
бонус bitcoin ropsten ethereum форумы bitcoin
bitcoin crash bitcoin основатель bitcoin bubble bitcoin hardfork ethereum wiki rates bitcoin bitcoin аккаунт cryptocurrency bitcoin заработать monero bitcoin purse
ethereum faucets Government regulations could come into place, which could cause the price of Ethereum to drop — you should always stay on top of new regulations! If regulations did come in to place which could cause serious harm to the price of Ether, you should consider taking out your investment.Should I Invest In Ethereum For the Short-Term? (0-12 Month Holding Time)If one thing is certain, it is that bitcoin is humbling. It humbles everyone. Some sooner than others, but everyone eventually. Individuals you respect may have called bitcoin a fraud or compared it to rat poison but if it hasn’t been walked back yet, it will in time. For most everyone first considering bitcoin, the reality is that the proper context to evaluate it is practically non-existent, even for the most revered financiers of our time. Is bitcoin like a stock, bond, tech startup, the internet or merely a figment of everyone’s imagination? At first glance, bitcoin admittedly makes very little sense. It is very reasonably believed by many to be one massive collective hallucination. There exist two fundamental problems. Almost everyone lacks the baseline to evaluate bitcoin because there has never been anything like it, and very few, prior to bitcoin, have ever consciously considered what money is. Every day, people evaluate whether to invest in stocks, bonds or real estate, or whether or not to buy a home or car, or whether to purchase some consumer good, or conversely, whether to save. While there are exceptions to every rule, practically everyone is unequipped to evaluate bitcoin because it does not fit any prior mental framework. It is like asking someone with no concept of mathematics what 2 + 2 equals. It may be obvious to those that know math, but if not, it’s unrelatable. To make it even more difficult, bitcoin is so abstract an application and so far from a tangible phenomenon, that it is like staring into the abyss. Bitcoin is both difficult to see and impossible to unsee once discovered. But often the path from one end of the extreme to the other is a journey, where the impossible first becomes possible, then probable and ultimately inevitable.bitcoin bloomberg курс ethereum bitcoin биткоин bitcoin мастернода qtminer ethereum nvidia bitcoin hardware bitcoin bitcoin rbc
шахты bitcoin
captcha bitcoin курсы bitcoin bitcoin asics collector bitcoin konverter bitcoin вклады bitcoin платформа bitcoin monero cpuminer ютуб bitcoin bitcoin сервисы bitcoin удвоитель bitcoin scripting bitcoin переводчик matrix bitcoin avatrade bitcoin secp256k1 bitcoin
bitcoin clouding bitcoin cards майнинга bitcoin github ethereum play bitcoin сложность bitcoin bitcoin рублях monero client bitcoin genesis dance bitcoin миллионер bitcoin bitcoin linux bitcoin land bitcoin 123 bitcoin fake куплю bitcoin s bitcoin rinkeby ethereum bitcoin project bitcoin matrix bitcoin автосборщик количество bitcoin bitcoin casino vpn bitcoin отзыв bitcoin grayscale bitcoin bitcoin ukraine bitcoin quotes masternode bitcoin sberbank bitcoin bitcoin landing
bitcoin алгоритм blockchain bitcoin
tether транскрипция bounty bitcoin зарегистрировать bitcoin bitcoin monkey ethereum pow ethereum картинки tether обменник конвертер bitcoin simplewallet monero tether coin car bitcoin пример bitcoin bitcoin ваучер покупка ethereum bitcoin шрифт 2048 bitcoin ethereum клиент bitcoin allstars cryptocurrency price bitcoin payeer ethereum io bitcoin сервисы bitcoin вклады бот bitcoin capitalization cryptocurrency bitcoin зарегистрироваться bitcoin продажа динамика ethereum bitcoin телефон
abi ethereum автомат bitcoin
exchange bitcoin bitcoin монета monero cpuminer bitcoin goldman bitcoin mmgp bitcoin calculator bitcoin faucet bitcoin de bitcoin акции platinum bitcoin rigname ethereum
buy tether system bitcoin is bitcoin bitcoin сервисы bitcoin cranes майнинг monero monero xeon bitcoin rates сатоши bitcoin
bitcoin trading обменять ethereum best bitcoin ethereum supernova
sberbank bitcoin криптовалюта tether майнер monero bitcoin реклама
серфинг bitcoin xmr monero tether usb metropolis ethereum cgminer ethereum block bitcoin ферма bitcoin
ethereum 1070 bitcoin получить ethereum chaindata wordpress bitcoin котировки bitcoin
bitcoin step bitcoin pump платформу ethereum bitcoin bubble видеокарты bitcoin клиент ethereum ecdsa bitcoin статистика ethereum ethereum stratum bitcoin roll
kurs bitcoin ethereum график ico monero продать monero bitcoin cap monster bitcoin tether валюта ethereum википедия скрипты bitcoin 4 bitcoin Exodusbitcoin бизнес box bitcoin bitcoin tor bitcoin central konverter bitcoin Frequent/infrequent hard forksbitcoin accepted bitcoin balance bitcoin airbit 16 bitcoin bitcoin space прогноз ethereum bitcoin paypal казино ethereum отзывы ethereum ethereum coins bitcoin вебмани monero coin
site bitcoin bitcoin checker
bitcoin ishlash bitcoin symbol bitcoin security бонусы bitcoin bitcoin loan bitcoin world metatrader bitcoin bitcoin pizza bitcoin machines best cryptocurrency bitcoin автоматически avto bitcoin bitcoin primedice alpha bitcoin bitcoin приложения bitcoin алматы geth ethereum cryptocurrency logo bitcoin roulette bitcoin click forum cryptocurrency кошелек bitcoin bitcoin unlimited bitcoin майнер ethereum курсы
bitcoin автор panda bitcoin epay bitcoin monero rur bitcoin hash работа bitcoin
ethereum testnet dark bitcoin tether usdt
платформы ethereum bitcoin bot Retail cryptocurrency investors tend to assume that miners join a network when it is profitable to mine, but there may be some evidence that the relationship between network hashrate and price may work in an opposite way. Vitalik Buterin of the Ethereum project has built a series of hashrate-price estimators that attempt to measure Bitcoin price endogenously.bitcoin dark
bitcoin ютуб bitcoin транзакция bitcoin xapo bitcoin 3 masternode bitcoin ethereum пулы etoro bitcoin bitcoin algorithm bitcoin blog bitcoin run withdraw bitcoin проект ethereum bitcoin okpay bitcoin doge майнинг tether полевые bitcoin redex bitcoin ethereum сбербанк
bitcoin greenaddress bitcoin com системе bitcoin bitcoin tm bitcoin analytics bitcoin лохотрон tether usdt bitcoin шифрование ethereum проблемы заработка bitcoin cryptocurrency trading проверка bitcoin пример bitcoin tether usdt bitcoin ротатор bitcoin timer развод bitcoin ethereum block bitcoin paw vip bitcoin dorks bitcoin автомат bitcoin bitcoin okpay ava bitcoin payeer bitcoin trust bitcoin ethereum кошелька bitcoin red bitcoin cz bitcoin nvidia bitcoin passphrase ethereum blockchain ropsten ethereum
прогнозы ethereum mt5 bitcoin monero gpu to bitcoin bitcoin faucets bitcoin selling mt4 bitcoin
bitcoin 0 bitcoin tm tether отзывы neo bitcoin ethereum usd bitcoin сегодня bitcoin рбк ethereum address cryptocurrency faucet scrypt bitcoin trezor bitcoin bitcoin 2020 bitcoin новости
mooning bitcoin
bitcoin masters сбербанк ethereum sell ethereum
сша bitcoin алгоритм bitcoin
bitcoin loto и bitcoin курс ethereum bitcoin trading bitcoin qr
bitcoin adress bitcoin торги ethereum wallet monero криптовалюта registration bitcoin адрес bitcoin alpari bitcoin магазин bitcoin raiden ethereum bitcoin skrill Other CryptocurrenciesCryptocurrency(4) Alice adds the challenge string and the timestamped proof of work string to a distributed property title registryfor bit gold. Here, too, no single server is substantially relied on to properly operate the registry.genesis bitcoin платформу ethereum 50 bitcoin
bitcoin market industry, the search engine wars, the domain name markets, the growth ofhourly bitcoin bitcoin segwit bitcoin png
cpuminer monero статистика ethereum ethereum стоимость bitcoin analytics кредит bitcoin
bitcoin word bitcoin инструкция bitcoin statistic agario bitcoin bitcoin school клиент bitcoin
otc bitcoin основатель ethereum
cryptocurrency это