There’s little doubt that blockchain is described as a transformative technology that could revolutionise a number of industries. It’s a field of study that has continued to evolve over the years.
Back in the 1990s, the Internet was probably the biggest innovation since the printing press in the development of human civilisation that has led to the democratisation of information. People from any nook and corner of the world were able to access information on every possible subject at the click of a button — and that too in real-time. The beauty of the Internet is that no one owns it, yet it has changed our lives today.
Now imagine cryptocurrency as the Internet 2.0. If we understand the basics of cryptocurrency and its four classifications, we would know that today apart from initial offering coins (ICOs), there are many types of blockchain investment products, such as decentralised finance to non-fungible tokens. Early investors in this future technology have not only earned high returns but have also supported the growth of crypto innovation, creating a new generation of digital currency millionaires. While the number of investors in this space has been steadily increasing, some are still sceptic and are still considering making their first crypto investments.
Let’s try and understand why people are investing in this digital asset and how it will democratise the finance sector the way the Internet did to information.
Borderless Transformational Technology
It’s clear that there is an increasing need for us to focus on learning more about cryptocurrencies and the impact of this transformative technology. Today we see many traditional investors are warming up to the idea of this new asset class.
However, investors need to be mindful of the crypto-based assets and invest as per their risk appetite. Investors must do their research, look into projects of various tokens, know their founders, spend time analysing the market, and learn about the risks before they start investing.