The birth of bitcoin in 2009 opened the doors to investment opportunities in a whole new type of asset class: cryptocurrencies. Many entered space very early.

Intrigued by the immense potential of these fledgling but promising assets, they bought up cryptocurrencies at cheap prices. Consequently, the 2017 bull run saw them become millionaires/billionaires. Even those who didn’t bet much made decent profits.

Three years later, cryptocurrencies are still profitable and the market is here to stay. You may already be an investor/trader or maybe you are contemplating trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report titled Imagine 2030, published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as pariahs but as alternatives to existing monetary systems. Its benefits, such as security, speed, minimal transaction fees, ease of storage, and relevance in the digital age, will be recognized.

Concrete regulatory guidelines would popularize cryptocurrencies and drive their adoption. The report forecasts that there will be 200 million cryptocurrency wallet users by 2030 and nearly 350 million by 2035.

Opportunity to be part of a growing community

#IndiaWantsCrypto by WazirX the campaign recently completed 600 days. It has become a massive movement supporting cryptocurrency and blockchain adoption in India.

Furthermore, the recent Supreme Court ruling overturning RBI’s crypto banking ban from 2018 has instilled a new surge of confidence among Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report also notes people’s growing faith in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say that the impact of cryptocurrency/blockchain will be positive.

As a cryptocurrency investor, you are part of a thriving and rapidly growing community.

Higher Earning Potential

Diversification is an essential basic investment rule. Especially during these times when most assets have suffered heavy losses due to the economic difficulties caused by the COVID-19 pandemic.

While investing in bitcoin has returned 26% year to date, gold has returned 16%. Many other cryptocurrencies have registered ROI in the triple digits. Stock markets, as we all know, have performed dismal. Crude oil prices plunged well below 0 in April.

Including bitcoin or any other cryptocurrency in your portfolio would protect the value of your fund in such uncertain global market situations. This fact was also impressed by billionaire macro hedge fund manager Paul Tudor Jones when he announced plans to invest in Bitcoin a month ago.

Cryptocurrency markets are active 24/7, 365 days a year

Unlike regular markets, cryptocurrency markets operate 24/7 without fatigue. This is because digital currency systems are essentially designed using pieces of software code that are protected by cryptography.

The operational plan does not involve human interference. Therefore, you can trade crypto or invest in digital assets whenever you want. That is a great benefit! The cryptocurrency markets are very efficient that way.

For example, Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.


No paperwork or formality required

You can invest in bitcoin or any other cryptocurrency anywhere and anytime without unnecessary terms and conditions.

Unlike conventional investment options, where an absurdly high amount of documentation is required to prove that you are an “accredited investor”, crypto investing is free for everyone. In fact, that was the intended goal behind the start of cryptocurrencies. The democratization of finance/money.

To buy any cryptocurrency in WazirX, you need to open an account for which you only need to provide some basic details, including your bank account information. Once they are verified, within a few hours, you are good to go.

Unique investment property

When you buy bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction occurs in a peer-to-peer agreement.

Unlike bonds, mutual funds, stock brokers, no third party ‘manages your investment’ for you. You make the buying and selling decisions, whenever you want.

User autonomy is the biggest benefit of cryptocurrency systems providing amazing opportunities to invest and build a corpus on your core capital ‘independently’.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and compelling enough to start your crypto investment journey.