Bitcoin is going mainstream – fast

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El Salvador has legal tender of bitcoin, PayPal has allowed its users to transact in cryptocurrencies, Tesla and Nasdaq-listed MicroStrategy have bought billions of dollars in bitcoins to keep on their balance sheets, and now Amazon is investigating them. digital currencies with Facebook and Twitter.

Sean sanders, CEO of Cape Town-based crypto investment platform Revix, said, “I have been involved in bitcoin and other cryptocurrencies for six years now, and as of that point crypto is moving faster than ever before. In fact, the crypto industry has received so much attention and institutional adoption recently that it may be just about to become mainstream.

But for an area that has arguably received more media attention than any other technology in recent years, very few people really understand why blockchain technology and cryptocurrencies that run on blockchains, like bitcoin and ether, are so revolutionary. Even fewer understand the jargon or can keep abreast of the rapidly changing crypto market.

The truth is, cryptocurrencies, just like the early days of the internet, can be weird and complex to navigate. There were over 4,500 cryptocurrencies in August 2021, up from just a handful in 2013. This shows the amount of development and energy invested in this new technology built around the blockchain, allowing transactions to take place and to be stored permanently without an intermediate or centralized database.

Even if you are a seasoned investor and have an appetite for risk, investing in the crypto space can be intimidating and is very different from investing in stocks. “Private keys, digital wallets, DeFi, NFTs, untrusted systems and all the other crypto jargon are a steep learning curve for all investors,” Sanders said.

How to invest in crypto

Economist John Kenneth Galbraith once said that there are two kinds of forecasters, those who don’t know and those who don’t know they don’t know. This, according to Sanders, who is CFA Charterholder and founder of Revix, is the best lesson from his crypto-investing experience.

“Some people claim to know what’s going to happen next in the markets. The truth is, no one knows for sure what will go up or down in value, ”Sanders said. “Even professional traders are only successful half the time. For most people, the best investment strategy is to buy a low-cost, diversified ETF or index fund and let it grow in value over time.

It’s like buying the JSE Top40 Index, which is a proven way to spread risk through diversification and profit from the returns of the top 40 listed companies.

Revix, backed by the JSE-listed financial services group Sabvest, which has been operating in the South African market since 2018, offers the same in the burgeoning crypto market. Registration is simple, the minimum investment is R500 and there are no monthly fees. You can sell your crypto investment at any time and withdraw your funds. And there is no blocking period like there is with other investment funds.

Revix offers a solution to this problem by creating ETF-like “cryptocurrency bundles” that spread your investment across the largest and best performing cryptocurrencies, all through a single investment.

For example, Revix’s Top 10 Bundle is invested equally in the 10 largest cryptos. It takes the guesswork out of trying to pick the next big winner in the crypto market since you own the 10 biggest cryptocurrencies. The crypto package is automatically rebalanced each month to ensure that the investment is up to date with the fast paced crypto market – underperformers are automatically removed and the best are included.

You can also buy and sell bitcoin, ether, 1: 1 backed physical gold token and earn a high yield dollar based interest rate in a USDC vault (USDC is a stablecoin fully backed by the US dollar) via Revix’s online platform.

Buying a “bundle” rather than a single cryptocurrency makes owning a diversified crypto wallet more convenient and less risky, as you are not exposed to the price fluctuations of a single crypto asset. .

Revix’s bundles aim to ensure that customers have the biggest and, by default, the biggest success stories in the crypto space, whatever they are.

Each of Revix’s packs have produced exceptional returns since the start of the year and outperformed an investment in bitcoin alone.

Diversify – it’s not just bitcoin

Trying to pick individual crypto winners in a rapidly growing industry can be like rolling the dice at a casino table and hoping to win big. Going out to buy the best performing products of the moment like binance coin or cardano, which have returned 1,137% and 695% respectively in the last 12 months, is not the best strategy. If there’s one thing history has taught us, it’s that times change, and they change quickly. Take Airbnb, Uber, Tinder, Snapchat, Instagram, Twitter, and Spotify; they are all multi-billion dollar companies that did not exist 10 years ago.

On the other end of the spectrum, buying a well-known cryptocurrency like bitcoin or ether is risky because you might miss the growth of other exciting projects.

Where next?

In the coming months, we expect to see major global banks launch crypto custody (or storage) services, as just happened in the United States and Germany. More retailers will start displaying “We Accept Crypto” signs, and large institutions will build major applications on public blockchains. Also expect conversations about investing to shift from “Why should I invest? “To” Why am I not already invested? “

As with all new technologies, the crypto journey will continue to have its ups and downs. Price corrections are to be expected and are healthy. But one thing is becoming clear: Crypto is coming now, and the time to anticipate the mainstream crypto breakout is running out. The next six months are likely to be a game changer.

In just 11 years, bitcoin has grown from nothing to an impressive wealth creator. Whether you are busy, lazy, just starting out, or just smart with the times, Revix bundles make crypto investing effortless.

For more information, visit Revix.

Warning
This article is intended for informational purposes only. The opinions expressed are not and should not be interpreted as investment advice or recommendations. This article is not an offer, nor the solicitation of an offer, to buy or sell any of the assets or securities mentioned in this document. You should not invest more than what you can afford to lose, and before investing, please consider your level of experience and investment goals and seek independent financial advice if necessary.

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