TOP INVESTMENTS TO CONSIDER IN 2020 Pt 2

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DIGITAL ASSETS INVESTMENT


The story of the young Norwegian lad who invested $27 in bitcoin to conduct research on encryption remains fresh in my memory. He forgot about his purchase, not until a few years later when the hype about bitcoin at the time, caught his attention afresh: only for him to get back to his investment and discovered it is now worth about $886,000!


We've been able to take a broader look at the subject of investment in our previous episode. Let me now put it straight that the very first investment I would love to recommend for this season is Digital Assets Investments. The term, digital assets are known in many quarters as e-currency or cryptocurrency, and it is the 21st currency shift that is presently sweeping across nations.

What is Digital Assets Investment?

The term digital assets simply refer to assets that are stored electronically. Just like physical assets such as land, gold, and other precious metals, these assets are of great value as well. Billions of such assets are transferred over the internet on a daily basis.

The term cryptocurrency is used for digital assets in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Hence, it means that cryptocurrency serves two purposes:

1. Legal tender
2. Asset storage

Nations all over the world are already transacting with bitcoin, the billion coin, and many others. At the moment we have about 728 different cryptocurrencies listed on the coin capital market and what is so amazing is the fact that digital assets appreciate at astronomic rates and this makes is a good option for investment. Although there are particular cryptocurrencies, such as the bitcoin, that are very volatile: a good investment management precautionary measure applied to them can make them extremely viable spots to put one's money.


For instance, a bitcoin valued at $0.10 as of 2009 (less than N15) is today valued at about $2300 (approx. N850,000), that is amazing if you ask me! Imagine a person who bought say, 1000 bitcoins for N15000 now worth N850million naira in the space of 8 years! Now, that is how digital asset investment operates.

Beyond the astronomic increase in value however, cryptocurrency is the money of the now and of the future. Currency has gone digital and it doesn't take rocket science to understand this! As a matter of fact, in a space of a few months from now, when cryptocurrency would have pervaded every aspect of the world's transactional exchange, many of us will get to understand that an expiry date has long been placed on fiat money.


 Ways to take advantage of Digital Assets Investment:

 1. Create a business out of it using market price speculation: such that you store up when it is cheap and sell when the price rises. 

2. Very useful for global purchases. 

3. Invest in the future. 
 

In conclusion, the digital asset is an investment option to consider for 2020. It is worth it, no doubt!

Join me again next week on another episode on investment management.

For comments and inquiries:

Email: impactreallionaire@gmail.com
Phone: +2348068230088 (call and WhatsApp)

Reallionaire, May 30, 2020

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