2021-10-21 16:00 |
Financial experts were pretty skeptical about cryptocurrency when it first came out. In fact, most thought it was just a fad. But now it’s pretty clear that those experts were very wrong. Crypto has been around for over a decade, now, and it’s stronger than ever. If you’re ready to invest in what a lot of successful people think is the most important asset class of the 21st century, the best and easiest way to do that is with Coinbase.
Why Invest In Crypto In 2021? Image via UnsplashAs you’ve probably noticed, crypto just keeps getting bigger and bigger. The price of Bitcoin has gone up 80-fold over the last five years, from $745 in 2016 to $60,000 today. In April, Coinbase, the world’s biggest cryptocurrency exchange, went public on Nasdaq at $400 per share, driving the company’s valuation to almost $100 billion. In September, El Salvador became the first country in the world to adopt Bitcoin as legal tender, and other countries, including Brazil, may soon follow suit.
Crypto is making huge gains with U.S.-based institutions as well. It is now estimated that 70 percent of institutional investors currently invest in or plan to invest in crypto in the near future. Earlier this month, the Bank of America became the latest big bank to officially recognize crypto as an asset class. And just this week the industry will see yet another major milestone, as the first SEC-approved bitcoin futures EFT (exchange-traded fund) launches on the Chicago Mercantile Exchange.
Today, the world crypto market is worth over $2 trillion. And while there is still a lot of volatility in the crypto marketplace, on the whole, these digital assets have become one of the best ways for investors to hedge against inflation. In fact, some experts now think crypto will soon replace gold as the number one hedge asset, particularly in less-developed countries.
So, should you invest in crypto? For an answer to that question, you really need to consult a professional money manager. However, if you’ve already determined that you have the means and the will, there’s no better place to start your crypto journey than Coinbase.
Coinbase Makes Trading Simple Image via CoinbaseWhy should you build your cryptocurrency portfolio with Coinbase? Because it’s no fluke that they are the most widely used crypto exchange in the world. They are the biggest player in the crypto game because they make trading radically simple.
Creating a Coinbase account and linking it to your bank account takes just a few minutes. From there, this simple and intuitive platform will walk you through making your first trades, managing your portfolio, setting up automatic recurring buys, and more. There are tons of guides, tutorials, and other educational tools that will teach you all the basics, and the intuitive user interface is a breeze to navigate, whether you’re accessing it via browser or their mobile app.
Coinbase allows investors to trade over 4,000 digital assets. These include mainstream coins like Bitcoin, Ethereum, and Litecoin, plus a solid variety of altcoins like Cardano, Polkadot, Ripple, and Solana. Coinbase also offers stable-coins like USD Coin, which are pegged to the U.S. dollar. And there is talk that they will soon become a major player in the emerging NFT marketplace.
Worried about security? Coinbase is incredibly secure. This is a fully accredited and licensed cryptocurrency exchange that employs industry best practices to give you complete peace of mind. Over 98 percent of customer funds are stored offline in vaults all over the world, which means they are inaccessible to hackers. Coinbase also offers things like 2-step verification, biometric fingerprint logins, and 256-bit encryption. And while your crypto balances are not backed by SIPC or FDIC because crypto is not considered legal tender, Coinbase carries crime insurance that protects a portion of their digital assets against losses from theft, including cybersecurity breaches.
So if you think you’re finally ready to dip your toes in the $2 trillion crypto market, there’s no better place to start than Coinbase. Click here to create your account and start trading in a matter of minutes.
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