More and more people are getting excited about cryptocurrencies and its possibilities. Google searches for the phrase “Bitcoin” and “Ethereum” are at all-time highs. Investors and traders alike are excited by the returns that cryptocurrency provides. Ethereum has already provided 2,600% returns since the beginning of this year. Bitcoin has provided returns of 386% since the beginning of this year. Those are massive returns for an investor or a trader. However, some people might look at those returns and be wary -- after all, those are massive returns. Some people are skeptical about Bitcoin and other cryptocurrencies. However, there’s only one issue: the skeptics are wrong. Cryptocurrency is going to continue to grow in the next few years. In fact, it’s only just started to get interest from massive institutional investors. This article will outline the reasons that you need to invest in cryptocurrencies right now if you want to beat the market and make massive returns in the next few years. Cryptocurrencies’ massive returns haven’t ended; in fact, they’ve only just begun.
To understand why Bitcoin, Ethereum, and other cryptocurrencies are such a big deal you need to understand the technology behind all cryptocurrencies: the blockchain. Simply put, the blockchain is a revolutionary technology that will completely change and innovate multiple industries, such as the banking industry, healthcare industry, and more. A good analogy is to think of the blockchain as internet 2.0, and it’s similar to being in 1996 and on the cusp of something huge with the internet. All the cryptocurrencies can be thought of as similar to applications on the internet that a person might use.
There are some people that currently doubt Bitcoin and other cryptocurrencies’ potential. One critique that people have is that there are no practical applications for cryptocurrencies, that it’s just a bunch of nerds building novelty projects for fun. However, the same critique was often used against the internet when it first started. Its applications were limited at first, but as companies began to realize its potential suddenly it became more and more useful. Similarly, as corporations and organizations begin to realize the wide range of use-cases and applications of cryptocurrencies they will begin to use cryptocurrencies.
The possibilities for cryptocurrencies are endless, and they’ve only just begun in terms of what they’re capable of. Amazon.com, when it first started out, used to only be an online bookseller. Today, Amazon.com is the 4th most valuable public company in the world and is used by hundreds of millions of people to buy a wide-range of products. Cryptocurrencies will follow the same trajectory. Although their applications may be limited at first, their uses and applications will only continue to grow and adoptions of cryptocurrencies will occur at an exponential rate.
Cryptocurrencies still have a long way to go before they can be considered “inflated”. The total market cap of all cryptocurrencies combined is $130 billion. The market cap of all cryptocurrencies except Bitcoin is $67 billion. That market capitalization is nowhere near the potential that cryptocurrencies will have in the next 5 to 10 years. Why don’t you do some research, put some money in cryptocurrencies you believe in, and wait? You, and your bank account, will be glad you invested.