6 Reasons to Start Investing in Cryptocurrency Right Now

First it was meme stocks. Now, it’s digital coins. These days, cryptocurrency seems to be all the rage, and while there’s still some mystery and confusion surrounding it, more people also seem to be buying it. Here are a few reasons why you may want to do the same.

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At this point, it’s clear that cryptocurrency isn’t just a fad. Bitcoin (CRYPTO: BTC), the first widely recognized digital coin, has been around since 2009, and while its value has fluctuated a lot since then, it also means that cryptocurrency could easily be around for the long haul, making it a viable investment at this point.

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The cryptocurrency market has expanded since Bitcoin was first introduced, and at this point, it’s hard to predict how much it will flourish. But it’s clear that there is money to be made in cryptocurrency, just like there’s plenty to be made by loading up on stocks.

You’ll often hear that a diverse investment portfolio could be your ticket to growing wealth and protecting yourself against market downturns. Adding cryptocurrency into the mix can lend to better diversity, especially if, at this point, you’re only invested in stocks and bonds.

Some investments are more liquid than others, and those that offer the maximum liquidity also lend to the most financial security. After all, you’re apt to sleep better at night knowing that, in a pinch, you can cash out investments when you need to. Because there’s so much demand for cryptocurrency and a limited supply, you can sell digital coins pretty easily when you want or need to.

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The future value of cryptocurrency will largely hinge on whether it becomes a commonly accepted form of currency or not. But in recent years, a growing number of merchants have started allowing customers to pay with digital currencies. If that trend continues, cryptocurrency investors could really make a killing.

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You don’t need a ton of money to invest in cryptocurrency. If all you have is $100 to part with, that works. Thus, it’s an easy way to dabble in investing without having to fork over a ton of cash.

There are risks involved in cryptocurrency investing. Not only is cryptocurrency very volatile (more so than stocks), but its future is still up in the air. In spite of that, there’s some definite upside to putting money into cryptocurrency. As long as you know what you’re getting into, it could really pay to add some digital coins to your portfolio today.

Maurie Backman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Bitcoin. The Motley Fool has a disclosure policy.