Would you invest in Crypto SIP?
2016 onwards, the crypto ecosystem has started to gain a lot of attention. We have all heard crazy stories about people literally going millionaires overnight & pizza’s being sold for 10,000 bitcoins, which translates to $82 million in today’s money.
To be honest, Bitcoin(BTC), Etherum(ETH), Ripple(XRP) to the average layman feels like magic internet money & all the hype around the whole crypto currencies has only furthered such preconceived notions. If we listen to the futurists, they’d swear by their credentials that crypto is the next big thing in the finance industry, a claim that can hardly be denied due to the obvious advantages crypto networks tend to have as a method for transfer of value. One can argue that mainstream crypto currencies such as Bitcoin(BTC) offer an excellent medium of storage of value, it comes as no surprise that it has been often called “Digital Gold”. This particular property is what big investors & bankers crave for. However, reality paints a different picture. Big investors are afraid to touch anything that is remotely related to the word “Crypto”.
But why, why are big investors afraid of getting into crypto?
The simple answer is, regulation. Crypto currencies have been in existence for only over a good decade. There aren’t enough laws and supporting framework around what goes around in crypto. We all have heard stories about scams, thefts, hacks etc., in our daily news feeds. Another reason making traditional investors stay away from anything crypto is the inexplicable volatility. You never want to invest in an apparatus that has swings so wild which make traditional technical analysis useless. All that said, things are beginning to change now, crypto is waking up to the world of regulations & laws. We can hope that in the next five years things will settle down & new frameworks will be drawn by the world governments & financial institutions which will make investing in crypto as natural as investing in any traditional SIP.
In fact, there are a few such companies that have started progressing towards that goal.
One such company that acts as an exchange has started working on an SIP system but for crypto, is Coinmetro, an Estonia based fully licensed crypto currency exchange which has ambitious plans in the future, including the one discussed in this post.
To find out more you can navigate to the links below.
