What it is and how to invest
Whether you are a seasoned investor or just beginning your investment journey, you’re sure to have heard of crypto assets. Right from investors, bloggers, influencers, entrepreneurs, and now even governments across the globe - everyone is talking about crypto.
Despite the increasing popularity, many investors are in two minds about this upcoming asset class. The number one reason is the lack of clarity in terms of regulations. The complex nature of cryptos also contributes to the hesitation. But whether you’re invested in cryptos or not, there is no denying that crypto adoption across the world has grown over the years. India alone has more than 20 million crypto investors so far. To keep up, governments worldwide have also started taking an interest and actively participating in understanding crypto assets to develop policies that benefit all.
With so much crypto talk going on around, it’s almost impossible to ignore it. If you’re smart about your finances and investments now is a good time to start your crypto journey, if you haven’t already.
What is crypto?
By definition, crypto is a decentralized digital asset built using blockchain technology and secured by cryptography.
For absolute beginners, crypto could be a great asset class to begin their investment journey with. Millennials are known to be more inclined towards investing in crypto than other asset classes. Based on an analysis of the userbase at CoinDCX, most crypto investors are in the age range 18 to 34. Other exchanges have shared similar data.