![]() ![]() 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). ![]() 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.Īttorney Len Garza, Esq. This means that, if you invest now, you could be getting in on the ground floor "even though the prices seem high."Īfter all, some experts have suggested that Bitcoin could be worth as much as $100,000 one day. Not only that, but Drew Hamilton, CEO of Rubix.io (a cryptocurrency platform) says cryptocurrency is in its infancy. This makes it easier to buy, sell, store, and trade the best performing assets of the last decade. 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. In terms of advantages, Lovell says cryptocurrency gives consumers greater choice, independence, and opportunity in their finances. Why You Should Consider Investing In CryptoĪccording 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. But, should you invest in cryptocurrency? 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. 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. 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. McCormack also points to the payment platform Square SQ, which reportedly invested $50 million into Bitcoin in October of last year.Īt the moment, you can choose from a nice selection of cryptocurrency savings accounts. "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. ![]()
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