The future is always based on the present. People spend years to secure their and their family’s future. However, only a few can achieve it, the reason being the ineffectiveness of the people to preserve their riches. 

With time, a new issue was encountered by economists, known as unrestrained inflation also referred to as ‘wealth killer’. It was also identified as the primary reason, why the wealth of the people decreased so much. This unrestrained inflation is unavoidable, as it is because of the consequences of the current economic framework.

In simple terms, the value of money is diminishing very rapidly, $100,000 in 1984 in value is equal to less than $10,000, at present.      

Safe Haven Assets

Safe heaven asset classes are assets that appreciate with time, such as Gold and Silver. The main premise behind these assets was that they had a limited supply and with time their value will rise definitely with the decrease in supply.   

The Problem

There is no initial problem with investing in metals. But with time people have started to find better alternatives. Let’s consider a small example to get a clear picture. Back in the Stone Age, when we discovered metals, we switched to metals because of their effectiveness. Similarly, in this case here, we have found something more effective than metals to invest in. 

Two things have been taught by our history. The first is that nothing is permanent and the second is innovation never stops. Every day, with advancements in technology, new variables are brought into play. Technology innovation has also brought about changes to the investment sector as it has started to go digital. 

This increased need for an efficient investment tool led to the development of cryptocurrency. 

Future of Money

While transitioning to the digital world, people have realized that fiat currency is not an effective means for exchange and precious metals are not the assets that we want them to be. Cryptocurrencies are being considered as the future because they offer both investment and means of exchange.  

Cryptocurrencies have gained huge popularity, as more and more people are trying to invest in them. Bitcoin, the biggest cryptocurrency is considered ‘digital gold’. Apart from Bitcoin, there are many other cryptocurrencies, which have their unique functionality. The unique characteristics of cryptocurrency allow the programming of even the smallest feature of a cryptocurrency, which has brought a paradigm shift from conv

Disclaimer: The article is just to provide information and shouldn’t be considered as any financial advice. It is advisable to conduct thorough research before investing in any cryptocurrency.

Photo by – geralt on Pixabay

entional assets to cryptocurrency.   

Time for Change

The Crypto industry is continuously growing and every day there is a possibility of a new invention in it. Only being a decade old, there is a lot that is still to be explored. However, still, the crypto industry has succeeded in establishing NFT markets and decentralized finance. 

The industry has developed ways to completely eradicate transaction fees and automate economic systems. It has also developed solutions that will decrease its reliance on energy-intensive technologies.   

Disclaimer: The article is just to provide information and shouldn’t be considered as any financial advice. It is advisable to conduct thorough research before investing in any cryptocurrency.

Photo by – mohamed_hassan on Pixabay