Crypto currency market I fast becoming the giant market and will soon overtake the stock market to become the largest and liquid market while it will be paving its way to the top to become the giant of them all.
Crypto currencies came on the map in 2009 with bitcoin being the first crypto to be made. At first people had no faith in it when it was still at $0.02 per 1 bitcoin and only a few jumped onto the ship and now those people are millionaire if not billionaires.
Advantage of crypto currency
- Decentralized
- Free from interference
- Safe haven
Decentralized
This currency I fully decentralized and no one has control over it, it value and price is determined and driven by the market forces. It comes in 2 types, there are stable coins and non-stable coins so you have a choice to decide which type of coin you prefer to purchase, which is a great advantage for the inventors.
Free from interference
Since it is decentralized and belongs to the public the government cannot interfere or decide the operations of crypto currencies. Investors will enjoy full freedom and control of their crypto assets.
Safe Haven
In times of crises investors always want a mighty savior to safeguard their fortune. Whenever something loses value something will gain value simultaneously. So when the stock market is bleeding and on its knees the crypto market will be soaring.
What makes crypto safe?
It is decentralized and it is not tied up to anything related to the economy. It relies on the computer code and is safe from the government and sabotage as it is not controlled by anyone so it is a good investment. You will always relax and fear nothing if your money is invested in the crypto market as it is safe from all these:
Political Factors – Politics plays a role in the business Economics, imagine country A has no good relation with country B and country A has businesses in country B its obvious country A’s business will be sabotaged. Certain rules and regulations will be set just to make these businesses suffer.
Economic Factors – Every country has its economical polices. The government can set austerity measures which affect the businesses e.g. monetary policy, trade regulations and tax rates.
