Prillionaires NewsPrillionaires News
  • Best time to buy
  • Billionaires
    • Net Worth
  • Business
  • Luxury
    • Cars & Bikes
    • Dining & Drinking
    • Fashion & Beauty
    • Jets & Yachts
    • Property
    • Tech & Leisure
    • Travel
    • Watches & Jewelry
  • Money
    • Art
    • Banking
    • Crypto & Blockchain
    • NFT
    • Investments
    • Wealth Management
  • The most expensive
  • The world’s best
  • Prillionaires App
What's Hot
the best hybrid suv

The best luxury hybrid SUV

5 June 2023
The Best Time to Buy a Mattress: A Comprehensive Guide

The Best Time to Buy a Mattress: A Comprehensive Guide

4 June 2023
Democratization of Finance: How Fintech is Empowering Individuals

Democratization of Finance: How Fintech is Empowering Individuals

29 May 2023
Facebook Twitter Instagram Pinterest YouTube LinkedIn
Facebook Twitter LinkedIn Instagram Pinterest YouTube
Prillionaires NewsPrillionaires News
Prillionaires Login
  • Best time to buy
    The Best Time to Buy a Mattress: A Comprehensive Guide

    The Best Time to Buy a Mattress: A Comprehensive Guide

    4 June 2023
    when is the best time to buy furniture

    When is the best time to buy furniture?

    5 April 2023
    bets time to buy stock

    When is the best time to buy stock?

    2 March 2023
    when is the best time to buy premium bonds

    Get to know the best time to buy premium bonds

    25 December 2022
    When is the best time to buy Gold

    When is the best time to buy Gold?

    13 December 2022
  • Billionaires
    1. Net Worth
    2. View All
    50 cent net worth

    50 Cent’s Net Worth

    5 April 2023
    Kim Kardashian Net Worth

    Kim Kardashian’s Net Worth

    5 April 2023
    eminem-net-worth

    Eminem’s Net Worth

    5 April 2023
    Drake's Net Worth

    Drake’s Net Worth

    22 January 2023
    The Billionaire Lifestyle Private Clubs

    The Billionaire Lifestyle: A Look at the Most Exclusive and Luxurious Private Clubs

    22 May 2023
    50 cent net worth

    50 Cent’s Net Worth

    5 April 2023
    Kim Kardashian Net Worth

    Kim Kardashian’s Net Worth

    5 April 2023
    eminem-net-worth

    Eminem’s Net Worth

    5 April 2023
  • Business
    Democratization of Finance: How Fintech is Empowering Individuals

    Democratization of Finance: How Fintech is Empowering Individuals

    29 May 2023
    Rolex: The Epitome of Luxury Watchmaking

    Rolex: The Epitome of Luxury Watchmaking

    22 May 2023
    Sustainable Luxury Products Reshape the Market

    Embracing Green Opulence: Sustainable Luxury Products Reshape the Market

    7 May 2023
    Silicon Valley

    Silicon Valley Bank’s Collapse Sends Shockwaves Through Fintech Industry

    21 April 2023
    10 Inspiring Business Leaders and Their Success Stories

    10 Inspiring Business Leaders and Their Success Stories

    6 April 2023
  • Luxury
    1. Cars & Bikes
    2. Dining & Drinking
    3. Fashion & Beauty
    4. Jets & Yachts
    5. Property
    6. Tech & Leisure
    7. Travel
    8. Watches & Jewelry
    Featured
    the best hybrid suv
    Cars & Bikes

    The best luxury hybrid SUV

    5 June 2023
    Recent
    the best hybrid suv

    The best luxury hybrid SUV

    5 June 2023
    solar-panel-luxury-yacht

    Luxury Yachts with Solar Panels: Charting a Sustainable Course?

    19 May 2023
    Luxury Fashion Brands Unveiling the Most Sought-After Couture

    Luxury Fashion Brands: Unveiling the Most Sought-After Couture

    29 May 2023
  • Money
    1. Art
    2. Banking
    3. Crypto & Blockchain
    4. NFT
    5. Investments
    6. Wealth Management
    7. View All
    Mandala Art and Luxury

    Mandala Art and Luxury: How the Ancient Art Form is Making a Comeback

    22 May 2023
    Uncovering the True Value Art as a Lucrative Investment

    Uncovering the True Value: Art as a Lucrative Investment

    25 April 2023
    What is the most expensive painting in the world

    What is the most expensive painting in the world?

    18 October 2022
    Silicon Valley

    Silicon Valley Bank’s Collapse Sends Shockwaves Through Fintech Industry

    21 April 2023
    Banking Habits in India

    Banking Habits in India

    18 October 2022
    Why Money Management Is Key to Success0

    Why Money Management Is Key to Success?

    21 April 2023
    FTX Bankrupt

    CRYPTO FTX Sam Bankman-Fried Arrested

    22 January 2023
    FTX Bankrupt

    ‘FTX Bankrupt’ But May Be Investors Will Save It

    13 December 2022
    Bitcoin Crash of 2022, Causes and What’s to Come

    Bitcoin Crash of 2022, Causes and What’s to Come

    18 October 2022
    The Metaverse

    The Metaverse: Everything You Need To Know!

    21 April 2023
    What is the Most Expensive NFT Sold

    What is the Most Expensive NFT Sold?

    24 October 2022
    The Metaverse

    The Metaverse: Everything You Need To Know!

    21 April 2023
    Do NFTs Draw A lot of Power2

    Do NFTs Draw A lot of Power?

    18 October 2022
    Premium stocks down 50% or more

    15 Premium stocks down 50% or more – Market Opportunity

    22 January 2023
    Robo InvestingThe Best Way to Start Investing in 2022

    Robo Investing, The Best Way to Start Investing in 2022?

    20 November 2022
    Best Way to Invest 100k Australia 2022

    Best Way to Invest 100k Australia 2023

    21 April 2023
    Tesla’s 2022 Stock Split.

    Tesla’s 2022 Stock Split. What Does It Mean for Investors?

    18 October 2022
    You Don't Have To Work Forever - 15 Things To Avoid

    You Don’t Have To Work Forever – 15 Things To Avoid

    2 March 2023
    World Very High Net Worth Financial Services Report

    World Very High Net Worth Financial Services Report

    22 January 2023
    15 Most Out-of-Date Money Rules

    15 Most Out-of-Date Money Rules

    6 April 2023
    How Much Do I Need to Retire in the UK

    How Much Do I Need to Retire in the UK? When Can I Do It?

    13 December 2022
    Democratization of Finance: How Fintech is Empowering Individuals

    Democratization of Finance: How Fintech is Empowering Individuals

    29 May 2023
    Mandala Art and Luxury

    Mandala Art and Luxury: How the Ancient Art Form is Making a Comeback

    22 May 2023
    Uncovering the True Value Art as a Lucrative Investment

    Uncovering the True Value: Art as a Lucrative Investment

    25 April 2023
    Silicon Valley

    Silicon Valley Bank’s Collapse Sends Shockwaves Through Fintech Industry

    21 April 2023
  • The most expensive
    The World Most Expensive Wines

    The World’s Most Expensive Wines: A Guide to the Ultimate Luxury

    20 April 2023
    What is the Most Expensive City in the World?

    What is the Most Expensive City in the World?

    6 April 2023
    the world's most expensive hotel in 2023

    The world’s most expensive hotel in 2023

    2 March 2023
    The most expensive Pokémon Card in the world

    The most expensive Pokémon Card in the world

    5 February 2023
    the most expensive coffee in the world

    The most expensive coffee in the world

    6 April 2023
  • The world’s best
    the best hybrid suv

    The best luxury hybrid SUV

    5 June 2023
    The world best innovations in renewable energy

    The world’s best innovations in renewable energy

    29 May 2023
    Best Zoo in the World

    Best Zoo in the World

    6 April 2023
    The best caviar in the world 1

    The best caviar in the world

    21 April 2023
    The Best Lawyer in the world

    The Best Lawyer in the world

    5 February 2023
  • Prillionaires App
Prillionaires NewsPrillionaires News
Home»Money»Crypto & Blockchain»Do cryptocurrencies deserve a place in your portfolio?
Cryptocurrencies have made some impressive gains over the last 2 years. Do they deserve a position in your portfolio? Read on to find out!
Crypto & Blockchain

Do cryptocurrencies deserve a place in your portfolio?

13 December 2022Updated:13 December 20225 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The first thing to say is that this is not an article explaining what Bitcoin and other cryptocurrencies are, as there are numerous articles, individuals and media outlets that will do a far better job than this article. What this article is trying to do is explain that with blockchain technology use cases escalating and institutional buy-in to Bitcoin just around the corner, the best time to allocate Bitcoin (BTC) or other cryptocurrencies into your portfolio as a hedge against inflation is now. If you are looking to track your cryptocurrencies and other digital assets, check out Prillionaires’ portfolio tracker app.

But first, something needs to be understood. That is the huge swings in prices that are homogenous to bitcoin and the wider cryptocurrency market. What do retail investors hate seeing? Red. Ultimately, there are two reasons individuals of a certain age do not invest in cryptocurrencies.

Why retail investors choose not to buy Bitcoin (BTC) and other cryptocurrencies.

  • Volatility. Monumental price movements, to both the upside and the down. It’s very true that to invest in cryptocurrencies you must have diamond hands; be willing to see your coin fluctuate by over 50% in value. This is part and parcel of cryptocurrencies and emerging markets. It is for this reason that individuals with a portfolio of a significant amount are unwilling to invest in crypto. But what’s that famous quote? ‘No pain, no gain’. If crypto had a slogan, it would be this.
  • Unwillingness to learn about the utilities of blockchain and cryptocurrencies; you can’t teach an old dog new tricks. To make successful investments, you must be willing to learn about and understand new technologies even if initially they seem impossibly complex.

Why you are wrong to ignore Bitcoin

Regulation and institutional buy-in

What is currently holding back institutional buy into the cryptocurrency markets is a lack of regulation. However, this is soon to change with promises in the US to increase regulation by late 2022. This is likely to have a Domino effect throughout the world economy. Firstly, when the largest economy in the world begins regulating a certain market, others are bound to follow suit, but this is not the point. What cryptocurrency regulation will bring, is a higher degree of security to the market, diminishing the scepticism regarding hacks and scams. This is when institutions and governments will start buying bitcoin, having a knock-on effect on the wider crypto market. In recent history, regulated markets usually coincide with an explosive move to the upside.

What will happen when Institutions buy Bitcoin?

Take Apple as a case study; by market capitalization, they are the most valuable company in the world – near $3 trillion. They are projected to have around $200 billion in cash. Once the crypto markets are regulated, how much of this is going to enter Bitcoin as a hedge against inflation? Just a 5% stake of this cash equates to $10 billion. If every major company takes just a 5% stake of their free cash into Bitcoin, there is only one potential outcome for Bitcoin’s future valuation. We have already witnessed this as Elon Musk’s Tesla was reported to have around $2 billion invested in Bitcoin at the end of 2021. This is just the beginning.

Demand for Bitcoin in the face of inflation

It’s no secret that fears of inflation are rife throughout the economy. In his Spring Statement to Parliament, Rishi Shunak said that in February 2022 inflation hit a 30-year high of 6.2%.

Is Bitcoin a good hedge against inflation?

Bitcoin’s total supply of tokens is capped at 21 million. There can never be more. The currency has therefore been compared to ‘digital gold’ as Bitcoin scarcity will only grow. What’s more, the founder, Satoshi Nakamoto – a pseudonym of the founder of Bitcoin and blockchain technology, holds over 1 million of these coins, which have never been touched since Bitcoin’s creation. This only further restricts the total supply of BTC to the market. This makes Bitcoin one of the most deflationary assets ever conceived. With inflation peaking in the UK and the US dollar’s print rate skyrocketing since the pandemic, institutions with a large amount of capital are beginning to see bitcoin as a good hedge against inflation.

Bitcoin seems the obvious choice of investment as a for anyone or any institution with a large amount of cash on them who doesn’t want to see that cash value diminish.

Blockchain technology use cases rising

Blockchain, as a technology, is radically reshaping the world of finance. You would be surprised how many large corporations and new fintech start-ups are already using blockchain technology. Data storage, supply authenticity, DeFi (Decentralised Finance) and Web 3 (the next evolution of the internet backed by blockchain technology) solutions are all provided by blockchain and cryptocurrencies. It is not a matter of if, it is a matter of when this all becomes mainstream. Don’t get left behind.

This article is not an attempt to get you to uproot your total net worth and channel it into cryptocurrencies. It is merely an attempt to help more people recognise the huge financial potential cryptocurrencies offer as a hedge against inflation. As Bitcoin scarcity increases, are we in for a supply shock soon? If you don’t expose yourself to them, you won’t reap the rewards.

blockchain crypto
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleThe Best Decentralized Crypto Wallets 2022
Next Article Elon Musk Net Worth 2022

Related Posts

Democratization of Finance: How Fintech is Empowering Individuals

Democratization of Finance: How Fintech is Empowering Individuals

29 May 2023
Mandala Art and Luxury

Mandala Art and Luxury: How the Ancient Art Form is Making a Comeback

22 May 2023
Uncovering the True Value Art as a Lucrative Investment

Uncovering the True Value: Art as a Lucrative Investment

25 April 2023
Silicon Valley

Silicon Valley Bank’s Collapse Sends Shockwaves Through Fintech Industry

21 April 2023
You Don't Have To Work Forever - 15 Things To Avoid

You Don’t Have To Work Forever – 15 Things To Avoid

2 March 2023
World Very High Net Worth Financial Services Report

World Very High Net Worth Financial Services Report

22 January 2023
Search
Top Posts
Top 10 best-selling perfumes in the world 2022

Top 10 best-selling perfumes in the world 2022

25 December 2022
Best soccer player in the world

Best soccer player in the world

25 December 2022
The best ski resorts in the world

The best ski resorts in the world

22 January 2023

GET EARLY ACCESS TO PRILLIONAIRES WEALTH TRACKER

Be the first to know when we launch the app!

You will receive all of the
product's features and will be automatically upgraded to a
Prillionaires Premium Member.

Let’s Get Social! Come and say HELLO to your fellow Prillionaires!

Join the community and feel closer to the PRILLIONAIRES values. Enjoy exclusive offers, follow us for the latest updates.

Tweet it, Pin it, Like it, Share it! Just don't be anti-social! 😉

Facebook Twitter Instagram Pinterest YouTube LinkedIn
Top Insights
the best hybrid suv

The best luxury hybrid SUV

5 June 2023
The Best Time to Buy a Mattress: A Comprehensive Guide

The Best Time to Buy a Mattress: A Comprehensive Guide

4 June 2023
Democratization of Finance: How Fintech is Empowering Individuals

Democratization of Finance: How Fintech is Empowering Individuals

29 May 2023
Get Informed

WEALTH MANAGMENT APP Premium Membership

By getting early access to our product, you will be able to take advantage of all its features and automatically become a Prillionaires Premium Member.

Prillionaires News
Facebook Twitter Instagram Pinterest YouTube LinkedIn
  • Home
  • Prillionaires App
  • Write For Us!
  • We Plant Trees
©2022 Prillionaires®

Type above and press Enter to search. Press Esc to cancel.