Singapore – 2020 has been the year that the crypto market started responding to macroeconomic trends. While many critics argue that this industry is a struggling dollar and has a low-interest rate, many believe that the global recession and decline of interest rates can continuously boost digital assets like Bitcoin even if the market suffered sometime during the coronavirus pandemic.
Experts suggest traders and investors consider “safe” assets, such as Bitcoin since it can overcome any ongoing trade conflicts and difficulties. BTC is the first crypto ever, and it is here to stay and worth investing in it.
All digital currencies, including Bitcoin, have changed the traditional financial system worldwide. With these cryptocurrencies, people can have more control and significant freedom over their finances without relying on banks.
Another reason to invest in crypto next year is because of its high liquidity. Crypto selling and buying are easy since digital assets will always have a high demand. According to recent reports, crypto wallets in 2020 has increased to more than 50 million.
Indeed, trading crypto in 2021 will become more accessible and is not reserved only for ambitious investors, big businesses, and big whales. Selling and buying crypto are quick and easy thanks to the trading platforms with the excellent technological organization.
Nowadays, tons of trading platforms accept online registration, and they offer various tactics, which can be algorithm-based and a huge advantage. Being that said, cryptocurrency’s liquidity is more than high.The possibility of making a profit from trading crypto is the top-most reason why more people invest in digital assets. Even if it is relatively new, trading with cryptos has higher potential returns than traditional stock investments. Even if digital assets are highly volatile, the potential achievement of high returns is better.