If an investor believes in the technology-backed digital currency, then cryptocurrency should be his cup of tea. Just a decade-old asset class, it has yielded astronomical returns over the years. Some investors look to use these digitally coded tokens to hedge against inflation. Despite high volatility and speculations, there are multiple reasons that they can become mainstream in the coming future.
As Bitfury is building new mining centers around the world and is preparing for a funding round, the top will be remodeled. The company achieved a $ 1 billion valuation in the 2018 funding round, which could exceed this time. Equivalent sizes and sizes, Peers Genesis and Core Scientific, were recently valued at $ 3.5 billion and $ 4.3 billion, respectively.

That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
Nelson primarily invests in low cost index funds because “I can see history on that,” she says. The newness of cryptocurrency and lack of trackable data make her wary of these crazy swings.