Cryptocurrency
Why Cryptocurrency
Potential for High Returns
Cryptocurrency has become increasingly popular over the years, and many investors have benefited from significant gains. By investing in cryptocurrency, self-directed investors have the potential to earn high returns, as the value of these digital assets continues to rise.
Diversification
Cryptocurrency can also provide diversification benefits to an investor's portfolio. By adding digital assets to their retirement plan, investors can reduce their overall portfolio risk, as cryptocurrencies tend to have a low correlation to traditional assets like stocks and bonds.
Future of Currency
With the rise of digital technologies, cryptocurrency is becoming increasingly mainstream and is likely to become more widely accepted in the future. By investing in cryptocurrency through a self-directed retirement plan, investors can position themselves to benefit from this trend and potentially reap significant rewards in the years to come.
Private Equity
The global cryptocurrency market is expected to grow from $49 billion in 2020 to $94 billion by 2030, at a CAGR of 18%.
Security
Despite its decentralized nature, most cryptocurrency transactions are very secure. This is due to the underlying blockchain technology, which is inherently secure.
Digital
Cryptocurrencies are digital tokens that allow people to make payments directly to each other through an online system.
Decentralized
Decentralized finance is a way to conduct financial transactions without using third parties or centralized institutions.
Protection from Inflation
Cryptocurrency is not subject to inflationary pressures like a foreign currency would be. This means that its value can increase as the value of other currencies drops.
Long Term
Cryptocurrency can be bought using many currencies. With the help of cryptocurrency wallets and exchanges, one currency can be converted into the other by trading in cryptocurrency, across different wallets.