Is it too late to invest in crypto now?

Kseniia Baziian
Crypto Currency Hub
4 min readFeb 7, 2021

Cryptocurrency is one of the hottest finance related topics since 2020. Is it already too late to invest in crypto in 2021?

The answer in short is - maybe yes, maybe no. Depends who you listen to.

We live in a world that is heavily run by media. If something is interesting, you’ll hear about it from every news and social outlet. Let’s be honest 70% of this information is based just on personal opinions and not everyone forms their opinion from the knowledge.

Our brain is generally quite lazy and tries to keep a status quo by doing only what we already know. On the contrary understanding new ideas requires a lot of work and a proper deep dive into the concept.

That’s why majority of big ideas were initially taken as a scam.

Imagine Internet in the beginning? There were so many people against it and so many bubble accusations. Yes, it bubbled at some point but not only it bounced back, now we can’t imagine our life without it.

Great inventions usually anticipate the need. They raise important issues and find solutions even before people start wondering if the usual way is actually the most efficient way. As Ford said after he built the first affordable car:

If I had asked people what they wanted, they would have said faster horses.”

Same story with cryptocurrencies. In the recent decades the world became digital and well connected but financial industry did not change much. We still transact, move our money around and store assets through a middleman- be it bank, credit card issuer or any other financial or legal intermediary. In some cases, it’s very convenient because someone else is managing and guarding your money for you… Now think about credit card fees, exchange rates, difficulties in sending and receiving money from abroad, bank accounts frozen for no reason, cancelled or reversed transactions, bureaucracy and waiting times to withdraw money or execute almost any other bank operation.

As a person who lives abroad for over 7 years and travels extensively, I can think of at least 5 very inconvenient personal cases connected to traditional financial system from the top of my head.

Crypto industry is still quite new and developing rapidly. Cryptocurrencies saw all-time highs along with crazy price swings every now and then. And every single movement saw crypto marked as scam or bubble, no matter up or down.

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Last year showed that the world is even crazier and more unpredictable than crypto price cycles.

Viruses can dictate the way we live, borders can get shut in a day, people can lose their jobs. All leading to the well-known cycle: economic crisis, large amount of money printed for economy boost and currency devaluation. Crypto is seen more and more as a hedge against inflation and a patch for traditional finance in these circumstances.

As any product cryptocurrency’s value depends on the number of users and what they are willing to pay for it. The crypto network is constantly growing. It’s not forum geeks anymore as it was in 2010. It’s people around the world like you and me, huge corporations, Wall Street guys, well-established investors and even governments. More and more companies accept payments in crypto. Institutional investors use it as a long-term store of value and safe haven from inflation. More and more developing and third-world countries explore crypto use on a daily basis.

As any relatively new technology it might sound scary. In my opinion cryptocurrency has very bright future. It might not substitute traditional financial system in the next decade or two but it definitely shows the more efficient way to transact for a lot of people.

What do you think about the future of crypto?

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Written by Kseniia Baziian

Moscow born and London living. LSE Finance graduate, tech marketing expert and crypto aficionado.

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