In the current financial markets, blockchain technology is among the latest trends. It is capable of transforming the conventional business models of numerous sectors.
Ways You Can Invest in Blockchain Technology
Since Bitcoin now has a user base that is expanding rapidly, numerous businesses on financial services are considering using this. Here are the different ways people can invest in Blockchain Technology:
Stockpiling of Bitcoin
Like many investors who chose to stockpile gold, they anticipate that its value will rise, other investors and stockpile Bitcoin. However, these two investments are different as Bitcoin is an intangible item while gold is tangible. Both of them have the same basic principles in investment as they are both considered finite and rare. For Bitcoin, there are 21 million coins that exist.
Since that is the case, it is now subject to the supply and demand law. Whenever the product has a limited supply, its value will rise because of the increase in demand.
Penny Stocks in Blockchain
For cryptocurrency, there are also penny stocks. Even if Bitcoin may be the most famous digital currency, there are many other currencies available like Altcoin, Litecoin, and Dogecoin.
Penny stocks can provide a lot of opportunities but, it is guaranteed to have an astronomically high-risk level. If you see this, avoid betting too many pennies that you can’t afford to lose.
Pure Play in Blockchain Technology
There are pure plays in blockchain technology that are now available. When it comes to investors capable of tolerating higher risk levels, it would be great to invest in pure blockchain technology. It has so many investment opportunities that can provide a great combination of risk against the possible returns.
Startups and Angel Funding
It may not be a new concept to undergo Angel Funding. By giving angel and startup funding, you can get to the start of what can be the next Apple, Google, or blockchain frontier. If not, you can carefully review the advantages and disadvantages of ventures that seek funding.
Crowdfunding
Crowdfunding is also the pre-sale method that apps and services using blockchain technology have got into in the past. Here, investors can buy coins and expect the prices to increase once the service eventually becomes famous.
NFTs
NFTs are digital assets representing things you can see in the real world like videos, items from games, music, and art. Even though NFTs have existed since 2014, they are now becoming famous as they have turned into a great way people can buy or sell digital artworks. Since 2017, there has been more than $174 million spent on NFTs.
Generally, NFTs are highly unique because of their special identifying codes. NFTs essentially allow for digital scarcity. Whenever an asset is in demand, hypothetically cutting off its supply can eventually bring up its value.
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