Cryptocurrency is creating a wave across the world. If you had invested a thousand dollars in bitcoin in 2011, it would have appreciated 15.6 million dollars in April 2021. It would be an unbelievable feat in the world of business.
Before the rise of cryptocurrencies, the world has been awaiting a transition from petroleum energy to renewable energy, automotive batteries precisely; and it’s here already.
The World Economic Forum announced recently that China has joined a list of nations that will ban old-style fossil fuel vehicles by 2035. Soon, the world will become a battery sustained society.
The transition is necessary because the emission by diesel cars are no more bearable. Therefore, this is an industry that cannot just be overlooked.
Meanwhile, cryptocurrencies have grown from just a concept to worldwide success in the short space of a decade.
The industry has been growing rapidly over the last five years. In fact, Tesla, the biggest player in the industry grew by 720% in 202. It’s an industry with great potential, but why not invest in cryptocurrencies?
Experts have predicted that cryptocurrencies will be the centre of finance and eCommerce in a matter of a few years.
In fact, a few companies like Tesla already trade their products for cryptocurrencies like bitcoin. It seems like where the world is going. But is crypto really the next big thing or a bubble that would burst anytime soon?
But why cryptocurrencies?
The subject of cryptocurrencies has lighted a very controversial spark in the last few years especially since its astronomical rise in 2017 followed by its unpredictable downfall. Unlike fiat money, no entity holds total control of the value of a cryptocurrency.
In contrast, it is largely influenced by its users via the internet. They are digital currencies that can be used to pay for goods and services but most people view them as investment objects.
Its decentralization and the presence of blockchain, an online ledger that records transactions in code make the disruption of hackers impossible.
Of course, cryptocurrencies are one of the most volatile investments and though it is the future, it does not take the risk out of the equation. Nevertheless, a deep and closer look could mean juicy returns.
An unmined gold reserve.
According to Mordor intelligence.com, the automotive battery industry is valued at 43 billion dollars in 202 and is expected to hit 59 billion dollars by 2026. Nonetheless, there is still a large pile of unmined gold in this industry. Recently, the industry’s growth has been enormous and there is enough room for competition.
No doubt, the world will transition from diesel cars to electric cars and anyone about to take a big leap into this industry has a large goldmine to reap, although the industry giants like Tesla have already conquered a lot.
A large number of cars in the market have still not been made electric. Of course like every other investment, it comes with its own great risk but we cannot deny it in the future.
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If the rise of cryptocurrencies and automotive batteries have been astronomical, then one might say that investing now is already late. Of course, it is a bit late, but not too late. There is still a large portion of the world to conquer and shortly, they will significantly transform human existence.
So where should invest in?
The answer is both yes and no and it depends largely on your financial goals. Cryptocurrencies are more volatile while energy companies are more stable. They have both produced successful multimillionaires and billionaires. Of course, they both have great risks, but a closer look and a bold leap could mean a life-changing encounter