Crypto Isn’t Just a Currency, It is a Wealth-Generating Investment

Ever since the crypto market has skyrocketed – first in April and then again last month – people have been looking for ways to expand their crypto investment portfolio. Especially millennials and Gen Z are highly positive about cryptocurrency and decentralized financial markets. They are looking at cryptocurrencies as “vehicles of wealth generation.” While cryptocurrency is a relatively new investment asset, it has captured the interest of youngsters. The new generation wants to move completely digital; they do not trust traditional banking institutions and financial advisors. Instead, they want to rely on their research, and cryptocurrency gives them both the opportunity and freedom to do that. While there is no doubt that cryptocurrencies are volatile but so is every other vehicle of investment when it comes into being. It does not delegitimize that cryptocurrencies are one of the major investment classes in today’s modern world. The investment attitude and risk factors associated with crypto are the same as every other traditional asset. You have to be mindful while investing and should have a full-proof investment plan. But unlike conventional investment assets, you do not need to have a financial advisor to make an investment strategy for you. You can do it all by yourself with the help of research. It is not as complicated as you might think. The following factors should be considered before investing in cryptocurrencies:

  1. Allocating Funds: You should not put all your savings into cryptocurrencies, just like you will not invest all your money in stocks. It is usually recommended to limit your cryptocurrency investment portfolio to 7.5-10%. Even though cryptocurrencies are witnessing a rise in prices, you cannot bet all your savings on them. They are still highly volatile and speculative. Just as you can make massive gains, you can also lose your money. 
  2.  Research: It is imperative to conduct your research before investing in cryptocurrencies, just like you do for bonds, stocks, or properties. You should know the various kinds of coins in the market and which coin is the best for you. Exchanges like Binance allow you to organize your cryptocurrencies by price, market capitalization, price changes, etc. You should research the supply, market value, capitalization of the coin. 
  3. The goal for Investment: You must think about the short-term and long-term goals of your investment. How long do you want to hold your crypto assets? How much profit do you want to make from your investments?

It is crucial to make an investment strategy and stick to it. You should not drastically increase your investment if the prices are going up. This is because prices can go down as quickly as they have gone up. Therefore, you must stick with your investment strategy. 

Crypto Millionaires and Billionaires 

These days even people in their early 20s are taking a keen interest in cryptocurrencies. A recent CNBC Millionaire survey suggested that nearly half of the millennial investors have 25% of their wealth in cryptocurrencies. The crypto boom has facilitated in creation of wealth for such young investors. Over one-third of millionaires have more than 50% of their wealth in cryptocurrencies. This survey reflected on the generational gap in wealth creation from cryptocurrencies. The younger investors have seized this opportunity and capitalized on the crypto boom, therefore, increasing their wealth. On the other hand, older investors are not too keen on investing in crypto. 83% of American millionaires do not have any of their wealth in crypto. Similarly, around 50% of younger millionaires own non-fungible tokens (NFTs). They also believe that NFTs are the “next big thing.” 40% of those millionaires do not own NFTs, but they have considered buying them. The younger generation has a positive outlook on the future of blockchain and cryptocurrencies and is therefore interested in investing. At the same time, they are disinterested in other traditional investment assets, so investing in the crypto space seems fun. For the millennial and Gen Z population, crypto has allowed them to enter the investment sector mainly dominated by baby boomers. They can quickly join the crypto market and earn in the same way as venture capitalists. Therefore, crypto levels the playing field to some extent. Unlike traditional assets, they do not need a lot of money to buy and invest in cryptocurrencies. Crypto has democratized the investing space – enabling and empowering people to invest. Also, the younger generation is more internet and tech-savvy, so they feel at ease while investing in crypto compared to using a brokerage. 

Ready To Spend Your Bitcoin, Ethereum, Ripple, Litecoin, and Other Cryptocurrencies?
Within minutes you can register for a Unbanked account, add funds, pass KYC, get a virtual card and make purchases anywhere major credit cards are accepted. Register at no cost to you.
  Register Now

The younger generation is also worried about their retirement wealth plans. They do not want to invest in traditional vehicles as their parents did. They have seen its inefficiencies which have made them believe that traditional investments cannot be trusted. Therefore, they are driven towards an investment vehicle that gives them more control, financial freedom, and independence from the intermediaries. A decentralized cryptocurrency coin offers them all, thereby making it attractive to youngsters. Another feature of cryptocurrency which lures younger investors is – the fun. You can have fun with your cryptocurrency investment. This is relatively evident when we think about the case of dogecoin, which is a Shiba Inu dog meme. But it became so popular that even Elon Musk, Founder of Tesla, promotes it now. Currently, it is amongst the top 10 cryptocurrencies in the market. It was created as a meme not to be taken too seriously. But the fact that it takes away the scary aspects of investment makes it so attractive. People usually think of a suited-up middle-aged guy when they think of the stock market. Look at dogecoin, and you get a completely different image about financial investment. Many younger investors started investing in cryptocurrencies just for “fun” initially and then later became long-term investors after they reaped its benefits. 

Buy Bitcoin With Your Unbanked Bank Account
Buy Bitcoin and other cryptocurrencies with your crypto friendly bank account from Unbanked. Purchase Bitcoin and other crypto instantly and settle to your crypto wallet.
  Register Now

At Unbanked, we believe cryptocurrencies can revolutionize financial technologies and investments. To know more about how you can enter the crypto market, visit us today!

The Latest

What Will The Crypto Space Look Like In 2022?

With cryptocurrency prices skyrocketing this year, crypto experts are bullish about the further growth of cryptocurrencies and crypto space in general. According to these experts, the crypto space will witness more competition in 2022. Bitcoin was the best performing asset in 2011-2021, with a staggering growth percentage of 230% in these ten years. These days,… Read Article

How to Buy a Banker With Coinbase or Binance

Sign up at a fiat-to-crypto exchange like Coinbase or Binance  Purchase ETH (Ethereum)  Sign up for a Metamask wallet and download the Metamask extension to your web browser Click the Metamask icon on your extensions toolbar and copy your Metamask ETH wallet address from the homescreen  Return to Coinbase/Binance and select “Send” from the menu… Read Article

How to Buy a Banker With Your Unbanked Account

Register for an account at Unbanked Fund Your Account (please note that funds make take a few days to settle) Sign up for a Metamask wallet and download the Metamask extension to your web browser Click the Metamask icon on your extensions toolbar and copy your Metamask ETH wallet address from the home screen  Select… Read Article

Joining A Mining Pool: Pros And Cons

Cryptocurrency mining is how digital currency transactions are verified and added to the blockchain ledger. Miners authenticate the validity of each transaction and update the blockchain ledger. Cryptocurrency miners are rewarded for their efforts – for example – bitcoin miners get 6.25 bitcoins if they have successfully added a block to the blockchain. Mining is… Read Article


6.38%

Crypto Rewards
on Spend

You also have access to:

BANK ACCOUNTS
DEBIT CARDS
BUYING, SELLING, & SPENDING CRYPTO


ARE YOU READY TO GET UNBANKED?


Nah, I enjoy high fees...

x
Bankers NFT Drop coming soon  — January 31st at 12pm ET!?days ?hours 00mins 00secs
This is default text for notification bar