- After Tesla’s $1.5 billion bitcoin purchase, more corporations seem poised to embrace cryptocurrencies.
- Rather than submitting to Reddit-style “FOMO” buying, investors are looking to educate themselves more.
- Insider compiled a list of 5 things a new crypto investor should watch for when considering an exchange.
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While global interest rates remain at historic lows, digital currencies have entered the mainstream and are increasingly seeing levels of mass adoption due to soaring interest from both retail and institutional investors.
In fact, the average amateur crypto investor can take comfort in knowing many banks are beginning to look at the burgeoning asset class more and more seriously. And experts believe the speed of growth in cryptocurrencies will accelerate much faster than that seen in the past few years.
Furthermore, with the world becoming more digitized, governments and central banks are exploring the launch of their own digital fiat currencies.
So how should someone that is new to the whole cryptocurrency market choose a platform on which to trade their exchange digital assets?
Insider compiled a list of five fundamental factors everyone should consider, according to Nigel Green, a cryptocurrency expert and CEO of financial services company deVere Group.
“Investing in cryptocurrencies remains highly speculative and it is not for everyone – but one of the keys to success would be selecting the right crypto exchange,” Green said.