If you’re smart with your money, you’re probably looking for a great new endeavor to invest in. Why not invest your money in the business of making more money?

Even though it comes with great volatility and risk, cryptocurrency is an investment that you should consider when you have the available funds. However, even though cryptocurrency has the potential to offer you a huge return on your investment, there is some volatility and risk attached to it. And in fact, institutions like Goldman Sachs and JPMorgan are of the opinion of investing in cryptocurrency.

Therefore, before you go out blindly and invest, you should read the following benefits or pros of investing in cryptocurrency.

Much Return

When you invest in cryptocurrency, there is the huge amount of return that you will get depending on the type of currencies bought. For instance, a 1000-dollar investment in bitcoin in 2013 will be equivalent to over 400,000 dollars today. And recent initial coin offerings (ICO) like Stratis and Spectrocoin raised by 600,000 dollars and 15,000 dollars in the years 2016 and 2017 respectively.

It Works With A Shorter Time Horizon

Cryptocurrency is an investment that is based on risk and therefore, it is important to know when to invest in order to have a quick cash back on the investment. An example can be seen with Datum that gained a groundswell of support after generating up to 1.5 million-dollars before launching its initial coin offering.

There Is An Increased Liquidity

Equity that is purchased in a start-up just to make profit requires a buyer or an acquisition or IPO. But, the good news is that cryptocurrency works without all these as it allows you to cash out your investment almost instantaneously. Hence, there is more liquidity and investors can easily sell off their cryptocurrency.

There Is No Counterfeit Risk

Another advantage that sets cryptocurrency apart is the fact that it cannot be counterfeited, unlike traditional money. This is because fraudulent acts of such can easily be eliminated. Also with cryptocurrency, you cannot file a credit card chargeback on the transaction.

Has Low Inflation Risk

Cryptocurrency, most especially bitcoin, is known to have a low inflation risk. Unlike other World currencies that are controlled by governments, leading to fluctuation in the price, cryptocurrency doesn’t work like that as it is controlled by no one. In fact, it is estimated that by the year 2050, a bitcoin should be able to cater for about 500 people globally.

It Has Simple Transaction Steps

In transactions involving cryptocurrency, the buyer cannot claim their money back after purchase, making it an opportunity for sellers to ship the product to the buyer without any worry of recovery.

It Is Untraceable

Also, unlike World currencies that can be traced back to the buyer, cryptocurrency cannot be traced. This is because once the seller gets the money, it will never return back to the buyer. And the fact that no government agencies are involved also creates no traceability.

Investing in cryptocurrency requires you to understand the market and the latest industry trends. An easy way to do so is to follow informative cryptocurrency news sources, like DC Forecasts.