Can Cryptocurrencies Make You Rich?
Before the widespread awareness of Cryptocurrency, only financial instruments people had for trading and investing were shares, stocks, currencies, commodities, and bonds. After the introduction of the first crypto i.e. Bitcoin, people got a new option to invest and make profits out of it. However, Bitcoin was launched in 2009 and still, people want to know that can cryptocurrencies make them rich?
While many are indicating the risks of this financial instrument, others are busy buying and investing in digital currencies and making surprisingly huge earnings from them. Hence, in this article let us dig the answer to whether cryptocurrency can really make you rich or not.
The answer to this most common question is YES! Just look at the unexpected fast growth of crypto coins since the beginning. So, digital assets can make you rich but together with that you also need to choose a simple and reliable crypto trading platform. Cryptocurrencies provide the advantage of being decentralized and are now used as a mode of payments and transactions. They were created with the aim of providing a rapid electronic payment system, that is globally anonymous and independent from any central authority. So, they are a great technological revolution.
Bitcoin was invented in 2008 and became a worldwide success. Introduced by a pseudonym named Satoshi Nakamoto, BTC helped in moving millions of dollars in an easy, fast and secure way. At first, it was thought to be illegal, but soon individuals and businesses started realizing its benefits of being safe, reliable and untraceable and began using it as a payment system.
Being used as a payment system by big and famous enterprises like PayPal, Microsoft, Starbucks, Burger King, etc, acted as a support to digital currencies, especially Bitcoin, and made its value rise. Currently, bitcoin’s price is around $9,641, worth more than gold. Investors who sniffed out this potential at the early stages only are now enjoying great profits. Investing in cryptocurrencies, a few years ago, is making them reap benefits of the non-stoppable growth of cryptos today.
Winklevoss twins, who are famous for having sued Mark Zuckerberg for stealing ConnectU idea for creating Facebook, have now become billionaires through Bitcoins. According to industry experts, the price of the most-famous crypto will rise and by 2030, the value of 1 BTC will be approx $500,000. Bill Gates, one of the richest men in the world, also claims that cryptos are better than fiat money.
Although most crypto enthusiasts are mad about BTC, it is not the only well-known cryptocurrency on the planet. Digital currencies like Ethereum, Ripple, Litecoin, Bitcoin Cash, Tether, Dash, Monero, etc. are also growing in their popularity as well as value. Therefore, it is safe to say that the digital assets market is favorable now and the uncontrollable investment rush is not surprising anymore.
But after reading all these the next question arises is how to start earning profits from cryptocurrencies? For this, choose a safe and reliable crypto trading platform such as PCEX Member. Here, you can trade more than 6 digital currencies which include Bitcoin, Bitcoin Cash, Litecoin, Ethereum, DASH, Feelium, and many others. These cryptos can be traded in 3 different types of trades:
- Cash or Delivery Trade
- Intra Day Margin TRade
- Future Margin Trade
PCEX Member provides the lowest transaction cost as compared to any other trading platform as in Cash/Delivery the fee is 0.5%. For intraday and futures trading, transaction fees are 0.05% which is 10 times lesser than any other exchange. This platform also guarantees safety and ease of transfers and supports various payment methods. Choosing a reliable exchange platform like this will help you in securing the investment of your digital assets and learn ways to earn more from it.
Almost everyone in the digital assets market dreams of becoming a millionaire through cryptocurrencies. If the popularity and value of Bitcoin, as well as other cryptocurrencies, continue to rise like now in the coming years, then undoubtedly there will be more millionaires in the world.
