A new generation of investors has adopted cryptocurrencies as a financial tool as the investment landscape has changed and access to technology has increased. Earnity founders Dan Schatt and Domenic Carosa see that people are increasingly working toward financial independence and early retirement (FIRE). Cryptocurrencies were founded on the principle of decentralization, which is an important step toward democratizing wealth because it puts the power into the hands of investors.
The rapid growth of cryptocurrencies
Investors are drawn to crypto markets because of their quick rise over the previous few years. In the last four years, Bitcoin has generated a stunning 1300 percent return on investment. Since 2017, Ether, on the other side, has surged by more than 9000 percent.
While cryptocurrencies have surpassed traditional investments, one of their downsides is the crypto markets’ extreme volatility. It is critical for investors to become educated about cryptocurrencies. They should also be skeptical of any relatively new currency offerings that are reporting profits that are too good to be true.
To stay educated about such volatility in emerging cryptocurrencies, the social crypto platform Earnity will be something that would help newcomers in the market. Under the ownership of Dan Schatt and Domenic Carosa, this platform is the best place to go if you’re looking for reliable crypto knowledge.
Everlasting passive income
In time, the passive income might be capable of replacing your monthly earnings, freeing you from full-time employment. Cryptocurrencies like Bitcoin, Ether, and others may now be used as financial assets with long-term potential. With their gradual adoption, there’s no doubt that cryptocurrencies have created a bare minimum status quo, compelling every government in the world to reevaluate its position.
At the same time, blockchain is set to be the next threshold for decentralized governance, privacy, and accessibility, with a billion applications. Because the blockchain ledger cannot be interfered with, it immediately adds a layer of protection to each token, ensuring its legitimacy.