Is Cryptocurrency a way to grow wealth in 2018?

Cryptocurrency seems to be all of the rage right now. You can’t look anywhere without seeing it online, mentioned in the news or discussed between groups.

With large sums of money exchanging hands daily and reports saying that Bitcoin prices surged over a massive 1,400% during 2017¹, it’s no surprise investors and speculators have been drawn toward this virtual currency space.

So, do you think it is it a viable investment option? Or have you considered alternative ways, such as fractional property platform BrickX, to help potentially grow your wealth?

Let’s take a closer look at some other new options investors have in today’s digital age.

Investing to Potentially Grow Wealth

All generations appreciate the ability of using money to make money. That’s how investment works, after all!

We find an investment option that we believe is ideal for us, then we decide to put our precious dollars into it, hoping that it will grow and pay dividends, despite the risk involved. For example, businesses buy other businesses. Banks offer loans. People buy real estate or stocks.

However, the evolution of cryptocurrencies represent the beginning of a whole new era of investment options for people today.

What has given rise to this new phenomena? The digital landscape, of course! Digital is disrupting everything, and investing is no exception.

Technology is not only shifting the way people invest, but also enabling innovative new methods to rise up and present new opportunities for investors.

The Digital Investment Era

Investment today is changing. The online world has opened up completely new ways of using money to try and make money.

Better still, most of these new options allow investors with any kind of budget to be involved; from pocket change to millions of dollars. This means that people of all ages, generations and circumstances now have the chance to be a little more financial savvy, on their terms!

For example, cryptocurrencies have given birth to an incredibly dynamic, fast-growing market for investors and speculators trading forms of digital currency. Exchanges like Okcoin, poloniex or shapeshift enables the trade of hundreds of cryptocurrencies, whose daily trade volume exceeds that of major European stock exchanges².

The most popular way investors attempt to gain from virtual currencies is by purchasing an amount and holding on to it, in the hope to sell them for a better price than they originally bought it. The problem is, the cryptocurrency market is fast and unpredictable. For example, only recently, Bitcoin prices plunged more than 20%, Ethereum dropped by more than 25%, and Ripple dropped by more than 40 per cent³. The volatility of the market requires constant vigilance from an investor which requires a lot of effort and time.

But cryptocurrency is just one example of the new digital investment era.

Other Digital Investment Opportunities

Virtual currency isn’t the only new investment method that has evolved out of the capitalisation of the digital space, other options include Acorns, Stake, Rate setter and our platform, BrickX.

Acorns Australia is a new system that helps people proactively invest by rounding up the figure of each transaction to the nearest dollar, and then investing it in an equities portfolio of your choosing.

Stake on the other hand breaks down the barriers of international investment by allowing everyday Australians to easily invest in US shares, through a simple online platform.

Rate setter, is another business trying to simplify the financial system by providing a transparent marketplace where lenders and borrowers can transact together and share the benefit.

Of course, we have to put BRICKX in the mix too, because it provides a revolutionary new way to get access to the property market via our BRICKX platform, while allowing you to invest only what you feel comfortable spending.

As you are investing into Australian real estate, this has historically been more stable than other investment options^4,5. Unlike cryptocurrency, we believe that BRICKX provides an opportune balance of digital investment, but in a tangible asset.

How does BRICKX help you potentially build wealth on your terms?

BRICKX is a revolutionary new and affordable way for Australians to invest in residential property by buying ‘Bricks’ in a BRICKX property. This unique approach, called fractional property investment, means people can invest in quality residential properties for as little as a few hundred dollars.

BRICKX properties are each put into an individual trust and split into 10,000 units or ‘Bricks’. Investors may then earn capital returns and monthly net rental income in proportion to the number of Bricks owned.

The opinions and beliefs expressed by the authors and forum participants as part of this communication do not necessarily reflect the opinions and beliefs of BrickX, BrickX Financial Services or other entities within the BrickX group.

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Is Cryptocurrency a way to grow wealth in 2018?