Unless you’ve been living under a rock, you might have heard some recent buzz about cryptocurrencies. Cryptocurrencies come in many shapes and sizes and have a variety of interesting uses. For the average person, the point of investing in crypto in the real world may seem hard to come by.
Whether you’re looking to get into crypto or you want to see what all the fuss is about, you’ve come to the right place! Here’s everything you need to know about crypto and why it’s so useful, laid out in these 6 situations. Read on to learn how you could use crypto today to better your life and the world!
1. A hedge against inflation
One of the main reasons why there’s such a buzz about crypto is because it’s a great hedge against inflation. Since the pandemic and recent global turmoil, inflation is on the rise and many people are looking for ways to save money. Instead of buying gold, real estate, or other items, people can now invest their money in crypto to keep it safe. If you have crypto, you can also use it to buy other assets including things like properties or starting businesses. There’s no better time than right now to get into crypto to safeguard your finances for the future!
2. Great for gaming
If you’re any kind of gamer on the internet, you stand to gain plenty when using cryptocurrencies. From LOL to online casinos, to sports betting, every gaming platform in the world is becoming more crypto-friendly. Plenty of platforms now recognize, offer, and use cryptocurrencies to benefit the player. What this means is that the odds to bet on sports at crypto sportsbooks or on games are much more favorable to the average player. Not only do you get another payment option with crypto, but you have a better chance at winning big! Choosing cryptocurrencies as payment is also a much safer and more secure way of gaming online.
3. Great for investing
Not only can you safeguard your money or play games with crypto, but you can also use it to invest. Whether you’re looking to open up your own business, buy a home, or a Lamborghini, you can use crypto to get there. Many proprietors and sellers accept Bitcoin and other currencies as a very legitimate form of payment. This means that people without classic monetary wealth or access to it can gain access to the things they need. Whether you want to invest in art, your passion, or your property, cryptocurrencies can help you get there!
4. Supporting innovative startups
Cryptocurrencies have helped both businesses and investors get off the ground. If you’re looking to support a remote innovative tech startup, you can do so with the help of the blockchain! Thanks to the boom of the crypto market, anyone with an internet connection can become an investor in early-stage startups. Through digital token-based fundraising, ICOs, and IPOs, many ventures have been able to get the capital they need to take off. In the past, these companies could only get help from certain venture capitalists, but today, anyone can invest in the future with crypto!
5. A way to make money
In today’s modern age, the blockchain has also provided a great way for everyday individuals to make money. Thanks to the decentralized cloud storage systems that the blockchain uses, anyone with spare space on their hard drive can make a living. Users with extra space can rent out their hard drives in exchange for crypto that they can keep or convert into real cash. Renting out your hard drive and crypto-mining, are just some of the many ways you can make money with crypto. This is an interesting and sustainable option for anyone in a tight spot looking to make a few extra bucks.
6. Travel the world
Finally, thanks to the boom in the growth of crypto, people can now travel in 2023 by spending cryptocurrency! There are a few great travel agents that accept cryptocurrency to book flights, rentals, and hotels. Since the Bitcoin ATM market has also grown, travelers can also convert and exchange their coins for local currencies. For those who are more adventurous travelers, you could also go to space with Virgin Galactic with cryptocurrency! If you’re looking for an exotic way to pay for your travels, the sky’s the limit with crypto!
So there you have it! With these 6 scenarios in mind, it’s easy to see why crypto is an interesting and beneficial investment. Cryptocurrencies can help protect you against inflation and can also come in handy for gaming. It’s great for investing and allows you to support innovative and important start-ups. Crypto helps people support themselves and make a living and helps them explore the world and travel! Keep these points in mind and consider investing in the fabulous world of crypto today!