Almost two out of three fund selectors think that individuals should not invest in the crypto market. This is mainly due to reasons of transparency and regulations. Some even select the investment mode for their clients. This is because 68% of this lot believes that crypto free trading bots is not the asset you should invest in. According to a survey conducted in the USA, 141 US investment firms manage assets worth $2.7 trillion for their clients.
But that thought process is changing quickly, with the investors’ portfolio also changing. The younger generation favours crypto assets, mainly Bitcoins and Ethereum. Among today’s generation, 40% are seeking investments in Bitcoins and some other Altcoins. And as per a survey conducted by CNBC, investors are ranking Bitcoin investments only behind real estate, stocks, mutual funds and bonds. Another reason cited for this immense popularity is that it has become relatively easier for them to trade with crypto.
Reluctance To Trade With Crypto
Before we can go into why traders think of Bitcoins when they think of investments, we should also see what is holding back a few of them from thinking in that way. Some investors say that the crypto market is riddled with challenges. So look everywhere around you before you enter into the trade. The challenges that talk about are the lack of transparency and regulations. This is bringing about some bit of chaos in the market. But amid this chaos, you can take heart and invest in Bitcoins.
In this reluctant lot, 87% believe that this market is not transparent enough, and there is a requirement for regulations for it to succeed. Some 70% believe there needs to be more education and awareness of this market.
The Bitcoin Craze Is Up and About Finally
Bitcoin Psychology Has Synced In
Bitcoin hit a high when Elon Musk and Jeff Bezos plunged into the market. But suddenly, the pandemic made it crash, but after that, it again began hitting the market high. People began to believe in Bitcoins all over again. It is ingrained in people today so much so that they have welcomed Bitcoins in their lives. They have taken to Bitcoins with renewed vigour.
Today it has become more like a religion than anything else. It is no longer just an investment mode. Rather, it is something to be followed very diligently. At one time, it was such a thing associated with people that they used to regularly hold crypto conferences. But that was the pre-covid days. They even created their own crypto jargon to talk crypto. And the best thing that describes the crypto fever or mania is that every crypto crow would have just one vehicle, the Lamborghini. So, you now see where this crypto craze has risen to.
These things are leading the herd to think of investing,which should only be Bitcoins.
Social Media Plays a Leading Role
When personalities are all over social media with their Bitcoin purchases, can you imagine what a ruckus it will throw up? Do you think under such circumstances, the general herd will refrain? Probably social media is also playing a grand role in making people think of Bitcoin as an investment mode. The decisions of these people are affected by these media and their personalities.
Hope Serves Up A Good Breakfast But A Bad Supper
Despite knowing that Bitcoin investments are fragile because of their volatility, some people still run after them. They know the high returns on investments in Bitcoins. Thus, they also know that if they can invest, they can secure a good future. But they also know that if they lose, they will lose a lot. But it is hoped that keeps them going forward.
On an ending note, do not be gripped by the fear of not having any crypto assets. You go the slow way, take your time and do careful research before you can finally take the ultimate plunge. Safely storing your hard-earned coins by choosing the right coins is another way to ensure returns. Most important, go about your business not on emotions or instincts but on setting goals that are defined beforehand. And there is no way that you might go wrong.