Our cryptocurrencies service serves investors to learn how to deal with cryptocurrencies, we take cryptocurrencies as an asset class under the microscope and explain to investors who have discovered cryptocurrencies for themselves, what there is to consider. Our partners and we show how and where to buy expensive assets with cryptocurrencies, such as real estate and what to look out for.
Cryptocurrencies Service by Kevin Underwood
In the beginning, it was a few nerds who fiddled around with a digital currency, today cryptocurrencies are approved as an official means of payment in some countries, there are more and more official ways to pay with cryptocurrencies. There are now over five thousand different cryptocurrencies with a consolidated market value of about $1.6 trillion.
If producing digital currencies was initially considered less than optimal for the environment, the winds have shifted. Exponential growth along with derivatives and tokens based on the PoW (Proof-of-Work) protocol (e.g. Bitcoin, Ethereum, Litecoin, etc.) have led to manufacturing being seen as environmentally unfriendly.
The crypto market is very volatile
Depending on who speaks out and makes announcements about cryptocurrencies, prices fall or rise. Recent examples have been Elon Musk and the Chinese government, we have reported on them.
However, we believe that cryptocurrencies will play a role in the future. The technology is brilliant. Not least because a Bitcoin Mining Council formation was envisioned at Elon Musk’s MicroStrategy meeting with leading North American miners.
Bitcoin Mining Council
The goals, of this bitcoin mining council are to standardize that mining of cryptocurrencies, report energy consumption, track industry ESG goals, and raise general awareness of these issues.
Digital assets based on the blockchain are here to stay
In principle, there are also positive signals from hedge fund billionaires who have invested in bitcoin or in platforms of other digital currencies. But in any case, digital assets based on blockchain are here to stay. Digital assets are an advancement of financial and payment systems. They can have a positive impact on the GDP of countries, minimize friction, and reduce some of the deadweight losses associated with traditional financial systems.
Cryptocurrencies as an Investment
Cryptocurrencies as an asset class, have shown that it is possible to grow exceptionally fast and generate attractive profits. The diversification and hedging properties are compelling, even against macroeconomic uncertainties such as inflation. In the beginning, cryptocurrencies were a thorn in the side of financial regulators. Most notably, it was felt that cryptocurrencies were poison to financial stability. Today, financial regulators provide the means to protect investors and cryptocurrency users from fraud, excessive risk, and market crashes. Some central banks, are thinking concretely or more concretely about their own digital currency.
Are cryptocurrencies ideal for criminals?
This question can clearly be answered with a no. If transactions are made with Bitcoins, a recognizable trace remains in the blockchain. You can imagine that in the blockcain, the data records in principle, the transaction is documented and this documentation can also no longer be deleted. In addition, the data is also linked and data analysts can figure out which actors are behind which transaction. Another topic in this context is the cryptocurrency – Monero.
If you have any questions about cryptocurrencies, paying with cryptocurrencies, or see cryptocurrencies as an asset class and would like some advice on this, you can contact Kevin Underwood. Kevin and an experienced team will be happy to help. Please use our contact form or send Kevin a PM via LinkedIn.