Cryptocurrency has become extremely popular over the past few years, but many consumers and investors may be wondering what all the commotion is about. Why would anyone choose cryptocurrency when their local currency works just fine for most things? Why would someone invest in a cryptocurrency?
In fact, there are a lot of advantages to using and investing in cryptocurrency. Here are the top eight benefits to consider.
8 benefits of cryptocurrency
1. Transaction speed
2. Transaction costs
3. Accessibility
4. Security
5. Privacy
6. Transparency
7. Diversification
8. Inflation protection
The value of cryptocurrency are with all the benefits cryptocurrency has over fiat currency and other asset classes, it's hard to argue there's no value in using or investing in crypto. The utility provided by many cryptocurrencies is of great value to many people who value fast and secure transactions. And, it's only going to grow more accessible over time with fewer technical hurdles. Combined with the benefits of diversification and the potential to hedge against inflation, the benefits of adding crypto or crypto stocks to your portfolio start to add up.