The goal of cryptocurrencies, as an alternative to mainstream payment system, is very close. Next year, cryptocurrencies should receive an index from the creators of the S&P 500.
In this article we will explain, why is that a big deal.
Cryptocurrencies are becoming increasingly popular
From the beginning, cryptoassets were mainly an alternative for visionaries. At that time, it was not possible to use cryptoassets or to pay with them. But that changed over time, and cryptocurrencies found more and more supporters. As the attitude towards cryptoassets is changing, so are the tools for investors.
In 2021, investors will receive new reliable performance indicators. The rally we experienced in 2017 was more or less more the greed of retail investors. While this year it is more about large institutional investors.
Thus, cryptoassets as such are closer to mainstream adoption than ever before. Which is a big step for enthusiasts, early investors and those who have only recently discovered cryptoassets. Recently, cryptocurrencies have gained popularity among large institutional investors.
Companies began to invest in cryptocurrencies on a large scale. For a common folk, this may be a sign that investing in cryptoassetsis paying off. In the end, this step may attract even more investors also from the retail.
You can’t start without studying
Of course, you also have to be careful. If you decide to invest, whether in cryptoassets or other assets, there are certain dangers that can be avoided if you study. It does pay off to spend some time on preparation.
Through Platon Academy, Platon Life offers you the opportunity to learn as much as possible about cryptocurrencies, other digital assets and, last but not least, about our PlatonCoin (PLTC). We will also tell you what to look out for and how to start investing.