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Why is now the best time to invest in cryptocurrencies?

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While some are skeptical about investing in crypto soon after the price crash, Richard Iamunno offers information that can help savvy investors understand why buying cryptocurrencies can be a smart financial decision.

First, iamunno explains, it is essential to understand that many companies are optimistic about the short-term prospects of crypto and thus allow customers to pay for their purchases in one or more cryptocurrencies.

Bitcoin is particularly popular because major international companies such as Microsoft, PayPal, Starbucks, Virgin Galactic, Twitch (which is owned by Amazon), Etsy, Rakuten, and Whole Foods allow payments using this particular cryptocurrency. A host of restaurants, hotels, web hosting services, fashion retailers and service retailers are allowing payments in Dogecoin, a crypto that was once considered a joke but has now garnered plenty of celebrity endorsements .

Ethereum is also becoming more and more popular and can be used on many online shopping sites like Overstock. In effect, Richard Iamunnohis own company, AIC, recently expanded its yacht and luxury goods platform to include the top 1,500 tokens in the market. The fact that the business community is becoming increasingly comfortable with cryptocurrencies shows that crypto is likely to be in demand for the foreseeable future.

Naturally, market fluctuations still cause those who fear that their investment could lose tens of thousands of dollars in a matter of minutes to hesitate. It is true, Iamunno points out, that crypto is much more volatile than other traditional investment options such as stocks, bonds, and mutual funds.

However, richard is quick to note, fluctuations work both ways. A cryptocurrency that has lost 30% of its value in a few months can easily regain that value and even exceed past highs. In fact, some experts predict that Bitcoin could hit $100,000 per coin by the end of 2023.

While market fluctuations can make crypto a poor investment option for those who want to generate quick returns, it can be an ideal long-term investment option for those willing to wait for their investment to grow. value. In fact, it can be considered to be similar to a real estate investment. A house, building or land may lose value due to rising interest rates and other market factors; however, the value of real estate increases steadily over the long term and is a good investment for those who buy and sell at the right time.

In addition, he explains, cryptocurrency values ​​are not as inflation-sensitive as official currencies such as the US dollar, making them an ideal investment option for those who want to avoid losing money due to current market issues. Inflation in the United States has reached a staggering 8.5%, a 40-year high. Supply chain shortages, the Russia/Ukraine conflict, COVID-19 lockdowns, and arguably the distribution of COVID-19-related aid to individuals and businesses have led to runaway inflation that the FED has struggled to stop, and experts believe inflation could last the next two years until it drops to an ideal rise of 2% per year.

Crypto, on the other hand, has performed well in 2021 and, after a notable crash, its value has steadily increased thanks in part to the fact that there is only a limited amount of tokens in circulation at a given time. There is no chance of inflation disrupting the crypto markets which are designed to maintain a reasonably low supply of coins to avoid artificial inflation in the value of tokens.

Crypto is also a great option for any investor looking to diversify their portfolio. Although token values ​​can be affected by fluctuations in the stock market, they are not as strongly affected as paper investments. Rich highly recommend his own company to those new to crypto investing, because AIC can offer the solutions and the expert help new investors need to get started.

On another note, Iamunno explains that crypto investors will have greater control over their crypto investments than they would over alternative investment options. Although a typical financial institution may take three to five days to complete a transaction, a crypto transaction can be completed in seconds.

iamunno is the first to point out that anyone considering investing in crypto should do extensive research to select the investment most likely to yield a good profit. Investment goals, the amount of money one wishes to invest, and other factors will determine which crypto option is best.

Additionally, it is also important to pick the right crypto and identify a time when crypto values ​​are low but ready to rise.

That time is now, Rich affirms. Cryptocurrencies are becoming more widespread, easier than ever to buy and sell, and will likely increase in value over the long term, although they are subject to significant fluctuations. Prices have risen somewhat since the last crypto market crash, but could rise significantly in the near future, providing windfall profits for investors who know when to enter and exit the market.


Written by Richard Iamunno.
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