Recently, the increased attention of states and investors to cryptocurrencies will be significant for the industry. On the one hand, the attempt to regulate cryptocurrency, and the introduction of the digital yuan at the national level, on the other hand. We have collected 3 top trends that will be of interest to users and will allow them to make money on cryptocurrency.
#1 Trading
Experts called the volatility of the cryptocurrency an opportunity for traders. More and more investors are investing in a downturn and selling when the rate rises. The volatility of crypto markets opens up many opportunities for quantum traders. The performance of crypto-quantum funds tends to be more related to market volatility than to its performance.
Several trading platforms are blurring the boundaries for access to the world of cryptocurrency: they simplify tools and make access faster.
#2 Cards with cryptocurrency
In 2021, major payment processors will compete for the attention of crypto users. Among them are Mastercard (NYSE: MA), Visa (NYSE: V), and PayPal (NASDAQ: PYPL).
Mastercard announced support for some cryptocurrencies directly on its network. The user will be able to store and make transactions with digital assets. Cryptocurrency is becoming an increasingly important part of the payments world, according to the team.
“We’re here to enable customers, merchants, and businesses to promote digital value – traditional or cryptocurrency – the way they want. This should be your choice, this is your money, ”Mastercard said in a statement. They also add that they will allow merchants to accept cryptocurrency directly. This will eliminate the ineffective method of pre-converting crypto to fiat on third-party platforms before paying, which is currently in effect.
In January 2021, Visa announced plans to enable users to buy crypto assets, cash out and shop in fiat currency using their cryptocurrencies. CEO Alfred Kelly said, “As digital currency is becoming the accepted medium of exchange, there is no reason why we cannot add it to our network, which already supports over 160 currencies today.”
The PayPal team said that in 2021 their US users “will be able to buy, sell and store certain cryptocurrencies directly through PayPal … Users will be able to learn about cryptocurrencies, track cryptocurrency prices without leaving the PayPal app.” Digital assets will act as a “source of funding”. In this case, tokens will be instantly converted to fiat. PayPal plans to enter the global market in the first half of the year.
#3 Investments
Investing in cryptocurrency without buying it is a new variant of the buying strategy. According to experts, recently, companies that have invested in cryptocurrency have shown a significant increase in income. Therefore, you should pay attention to the shares of those companies that buy digital assets. They attract new audiences and, at the same time, build up their net worth. For example, the profits of the software development company MicroStrategy (NASDAQ: MSTR), which bought 71 thousand BTC, grew by more than 200% in 2021.
Bitcoin can be an inflation hedge, depending on when you buy and whether you hold or sell it. In any case, cryptocurrencies and blockchain have become part of the present. The noted trends are a confirmation of this. We will see how they show themselves later.
