Unlike in past years where the conversation about cryptocurrencies has revolved around how much money people are investing, the conversation is now starting to change to who is investing in cryptocurrencies. Given how mainstream digital currencies are becoming, it is just a matter of time before they permeate every sphere of life as we know it.
More than any other year, 2018 will be the year that those who’ve been excited about cryptocurrencies for many years will finally see it begin adoption outside its usual circles and into the larger economies of countries around the globe.
Here are several reasons why you should make that step and invest a portion of your capital in cryptocurrencies like Bitcoin, Ethereum and Ripple:
Macroeconomic Trends Show It’s Time
A closer look at the geopolitical and microeconomic trends of the last few years will show you that a cryptocurrency explosion is due. Some of these changes include:
- The decreasing influence of the United States as a world leader
- The slowing yield curve
- Petrostate transformation
- A deregulation mood taking place in Washington
- The increasing reverberations of quantitative easing repercussions
- Growing populism
These events in the world stage have created a storm favourable for emergence of a cryptocurrency movement.
An important aspect of the Initial Coin Offering (ICO) market is seeing the market movements through the eyes of Silicon Valley. As more investors pour their money into the ICO market, more talent is now being tapped by Silicon Valley to drive tech giants into cryptocurrencies. Silicon Valley firms are raising funds towards getting ready for the coming boom in digital currencies. Practically every smart investor in Silicon Valley has begun investing in cryptocurrencies, including big wigs from Facebook, Google and Uber, just to mention a few.
The writing is on the wall; it’s time to join the bandwagon.
The First Mover, The Last Mover
For people who recognise this shift and run with it, they are likely to experience the first mover advantage. The benefits they gain will make it hard for those who come after them to compete, though there are instances when during such revolutionary disruptions that the first mover becomes the last mover. Proper investment calculations are necessary to ensure you know the exact moment you should join the growing cryptocurrency movement.
As more people compete for opportunities in the cryptocurrency space, an opportunity will emerge to make the market fully decentralised or for the market to use open source principles in the existing centralised markets. In this case, whichever network is found the most beneficial, inclusive and non-taxing will dominate the rest. Those already on-board in this dominating network will enjoy the first mover advantage.
For people who are already prepared to take advantage of the coming boom in digital currencies, a worthwhile website to visit is InvestinGoal where you can find guides and information about cryptocurrencies to start your investment.
As the world embraces cryptocurrencies, decentralisation will start becoming the order of things. Business leaders should consider decentralising their network and beat their competition to it. As the new market rules take effect, those who will have aligned in time will win and their investments will dominate the world markets.
By Nina Mosely