Our lives are like movies. We’re the main characters of ’em—the protagonists of our personal plots—and there’s almost always an antagonist, probably a love interest and, ideally, a confidant. In today’s times, there’s also the holy grail of gurus: the crypto aficionado. That’s right: If you’re not that someone, you almost indubitably have that someone in your life who serves as the call-them-crazy crypto cognoscente.
If this doesn’t quite resonate with you, take a stroll through your Instagram feed. Someone is silently serving you ads about the opportunity losses you’re currently accruing if you’re not already on the bitcoin bandwagon.
Bitcoin first hit the marker in 2009 and was trading around a few cents to a dollar per coin by 2010. Flash forward, it reached an all-time high price of more than $68k in November 2021. That unfathomable jump happened in just about a decade—no asset class has ever seen such returns in such a timeframe.
And crypto goes beyond bitcoin. You may have heard about Shiba inu coin, for example. The digital asset has been soaring to record highs—skyrocketing 60,000,000% over the past year. Litecoin, Ethereum and Binance Coin are other popular cryptocurrencies.
But is it too late to get into the crypto game? Signs point to no.
The question, “Is it too late to invest in crypto?” conjures 29,800,000 results in Google. And many of these results offer the same response: It’s never too late to get invested. Sure, while you may not make millions of dollars right now like you would have had you got invested 10 years ago, there’s still money to potentially be made. In fact, many argue that crypto is still very much in its infancy and that there’s boundless opportunities ahead.
After all, investing in crypto is not unlike investing in stock of public companies. Like ride-hailing apps like Uber and Lyft are disrupting the public transportation market, and rental platforms like Airbnb are disrupting the hospitality industry, and Amazon is disrupting the retail market, cryptocurrencies are disrupting the financial markets. While it could fall flat, it could also keep forging forward.
Just because some coins are expensive these days doesn’t mean that they’re bad investments. And just because crypto coins may dip at times doesn’t mean that they’re bad investments. Volatility is inevitable; that’s no secret across the board in the investment world, regardless of the assets in which you choose to invest. But the people who hung onto their bitcoins through the lows are certainly happy they did.
Plus, digital assets can provide a hedge against inflation and help to diversify investment portfolios. That’s because there will only ever be 21 million bitcoin available across the globe. That’s why it’s sometimes referred to as “digital gold.” There’s a limited supply and ever-increasing value.
Moreover, new coins are cropping up all the time. This means that you’re spoiled for choice of crypto investment options to explore. Already, there are over 4,000 cryptocurrencies available on the market, ranging from decentralized finance (DeFi) to stable coin to NFTs, and more.
The point is that any investment involves risk. But the reward potential may be worth it. And enough people agree, including ever more big banks, investment firms and financial institutions that are hopping aboard to find innovative ways of incorporating digital assets into payment plans and portfolios.
Getting started with crypto is simple when you invest with Q.ai. Q.ai’s recently launched Crypto Kit offers you diversified access to cryptocurrencies without all the hassle of navigating uncharted territory. While selecting investments, managing risk in this space and executing trades have typically taken lots of time and technical know-how, the Crypto Kit does all the legwork for you.
Now you can easily invest in a group of exchange traded trusts that hold major cryptocurrencies, like Bitcoin and Ethereum. Learn more about it!.
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