Bitcoin is a new alternative asset class. It has been around for over a decade, and it has withstood two global recessions. Bitcoin has a pre-programmed limited supply of 21 Million BTC. This makes it a great hedge to protect fiat portfolios. Due to its inflation-beating qualities, cryptocurrency may be used as a hedge like gold.
In 2020, we saw FinTech giants like MicroStrategy, Grayscale, Square, Paypal, and more jump into crypto. With increasing institutional participation, Bitcoin is emerging as a store of value around the world.
Over the next few months, we’ll see crypto go mainstream much faster with more retail investors, and first-timers are entering the market. The most important thing that first-time investors should bear in mind is that crypto is a high risk, high reward investment option. You should invest based on their risk appetite.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
