Why I Invested £5000 in Cryptocurrency | Should You Invest in Crypto 2021 | Is it a Good Investment?

Why have I just invested £5,000 in cryptocurrency and which cryptocurrencies have I decided to buy in 2021?

In this video, I explain why I believe crypto is a good investment and why now could be a good time to buy!

These are some of the reasons why you should consider investing in crypto:

• Market resilience - despite recent FUD (Fear, Uncertainty and Doubt) news articles and Elon’s tweets, the crypto market has remained buoyant and I believe ready for another bull run.
• Mainstream adoption - El Salvador has become the first country to accept Bitcoin as legal tender, other countries including Paraguay and Mexico are also considering it.
• Greater public awareness - Mainstream adoption and news articles will lead to greater public awareness which should result in greater investment into cryptocurrency.
• Fiat currency inflation - Traditional money is currently experiencing inflation and this is expected to go even higher. Inflation makes the money you already own worth less!
• Diversification - With the uncertainty around traditional Fiat currencies such as the USD and GBP, I think it is a wise idea to diversify your investment portfolio to include some cryptos.
• Decentralised finance (DeFi) - Cryptocurrencies are generally managed by a peer-to-peer network of investors so there is no central bank calling all the shots.
• Blockchain technology - This ensures transactions are safe, secure and private!

As with any investment, buying crypto is not without risk and none of the information in this video should be taken as financial advice - you are responsible for your own investments.

Have you recently purchased Cryptocurrency? Do you think I should buy Bitcoin now as well? Let me know in the comments!

Видео Why I Invested £5000 in Cryptocurrency | Should You Invest in Crypto 2021 | Is it a Good Investment? канала Honest Money