Has Bitcoin Become The Investment of Choice for Everyone?

Rich rewards frequently come with significant dangers, and the extremely unpredictable cryptocurrency market is no exception. Global uncertainties in 2020 increased the general public’s and major institutional investors’ interest in trading cryptocurrency, a new generation of the asset class. More than 10 million people have parked investments in the past year thanks to rising digitisation, flexible legal frameworks, and the supreme court’s decision to overturn the restriction on banks engaging with enterprises based on cryptocurrencies.

As the cryptocurrency craze continues, numerous new exchanges have popped up in the nation, allowing for the purchasing, selling, and trading of cryptocurrencies by providing functionality through approachable applications.

What Motivates the Biggest Crypto Exchanges to Enter the Market?

There are many platforms for exchange like 바이낸스 which offers a good and safe environment to work on. 바이낸스, the largest cryptocurrency exchange in the world by trade volume, bought the trading platform in 2019. 

By June 15, 2021, the cryptocurrency and blockchain start-ups had received investments totalling USD 99.7 million, up from USD 95.4 million in 2020. Global investment in the cryptocurrency market has grown by a staggering 1487% during the past five years.

Foreign investors are placing sizable wagers on the nation’s digital coin ecosystem for several reasons, including

• Knowledgeable Population

The majority of the 1.39 billion people are youthful (median age: 28 to 29 years old) and technologically competent. The younger age is adopting the high-risk cryptocurrency exchanges because they are more accustomed to them, whereas the elder generation still favours investing in gold, real estate, patents, or stocks.

Cryptocurrencies may become what gold was to their parents!

• Growing Number of Fintech Startups

Numerous cryptocurrency exchange platforms offer a user-friendly interface for crypto aficionados to buy, sell, or trade digital assets without limits. These platforms are highly secure, available across numerous platforms, and allow immediate transactions. Simple, quick, and safe platforms give a profitable prospect for both beginning investors and local traders because many of these platforms take INR for purchases and trading costs as low as 0.1%.

As a result, international investors are looking at the numerous cryptocurrency exchange platforms to profit from the developing market.

Is the use of cryptocurrency bringing about financial inclusivity in the world?

The cryptocurrency market was once seen as a “Boys club” because it was dominated by men, but as the number of female investors and traders has continuously increased, there is now more gender neutrality in the new and digital forms of investment methods. Women used to stick to traditional investing, but they are now taking more risks and entering the cryptocurrency market. Women are more likely than men to save money, and more savings means a wider variety of investments, including high-yield assets like cryptocurrency. Additionally, women are better analysts and risk assessors than men, which contributes to their success as investors.