Here's Why Millionaires Invest in Cryptocurrency - Lifestyle Asia

With the emergence of new crypto currencies and NFT games around the world, PDAX Prime provides traders with a direct exclusive over-the-counter access to the crypto market

Trading can be traced back to around 6000 B.C., particularly barter trading when people used to exchange goods directly without a medium or platform. In the present time, we now use money as the medium of exchange. However, as technology gives rise to many possibilities, a process of data mining and trading began back in 2008 in which the first cryptocurrency was given as a reward—Bitcoin. 

Now, cryptocurrency is regarded as one of the biggest investments for passive income and trading. Numerous coins emerged to circulate the market and blockchain technology presents an easy way to secure your funds by storing transactional crypto records of the public, creating a system that’s difficult to compromise. This way, by storing your cryptocurrency assets in online trading platforms, you don’t have to worry about it easily getting stolen.

Why millionaires invest in cryptocurrency

Bitcoin reached an all-time high in 2021, its value exceeding over 65,000 US Dollars in February, April, and November.

Cryptocurrency is a virtual currency that is stored and kept within various cryptographic and complicated computer codes. In the modern era of technology, cryptocurrency is considered to be a revolutionary asset for different kinds of industries and businesses. As a matter of fact, an article from Forbes suggests that many traditional businesses are already integrating cryptocurrency into their market or using it as part of their strategy.

Young affluent investors are also joining the crypto craze with one report stating that 47% of millennial millionaires have at least a quarter of their wealth in crypto.

In the Philippines, Bitcoin broke into the mainstream back in 2017 when its value skyrocketed in a short amount of time from 1,000 USD to 19,000 USD. This helped increase awareness and demand for crypto among investors. A previous report from Unionbank said that crypto investors already hold about 2% of their assets in crypto.

It is necessary to do your own research and carefully manage your existing assets before adding cryptocurrency to your portfolio. Right now, there are approximately over 18,000 cryptocurrencies.

The rise in crypto interest is aided by the presence of regulated crypto exchanges such as the Philippine Digital Asset Exchange (PDAX), which serves as the foremost crypto platform for Filipinos who wish to buy, sell and invest in crypto. PDAX also offers the widest range of token networks in the country. 

The main challenges in growing your money with cryptocurrency in the Philippines are the predictions about when and which coin will rise in value, which coin to buy for first-timers, when to buy or sell, and which currencies are the safest and which currencies would pose high risks. This is why it is important to know your platform, how much you could trust it, and how quickly you can trade tokens over it.

In dealing with money, security is one of the top priorities for every investor. PDAX offers convenient and safe crypto trading through its web exchange and mobile platform. It also enables customers to directly trade coins to Philippine Peso. This way, you no longer have to switch from coin to coin or trade them for dollars before finally gaining them in Philippine Peso form. The cryptocurrency platform rose from the idea of giving every Filipino a fair shot in achieving their dreams by granting them easy access to their finances with the use of technology and exceptional customer service. 

Aiming for affluent and high-volume crypto investors, PDAX launches PDAX Prime wherein you can gain direct access to the crypto market through an over-the-counter system that enables clients to  trade tokens faster with competitive pricing, having direct access to over 50 in-demand digital assets including 30 exclusive OTC tokens.  

“We believe crypto investors in the country deserve to maximize their crypto investments and discover more opportunities to build their wealth, especially at the age of economic recovery,” Nichel Gaba, Founder and CEO of PDAX, said. “With PAX Prime, they can do just that.”

Using their preferred chat application, PRIME members are also able to contact the PDAX Treasury Team which can help them trade digital assets, assist them in their trading transactions from beginning to end, offering solutions, and guiding both new and existing clients in their fast-paced journey in the world of cryptocurrency. 

By actively immersing themselves with the clients, subscribers to Prime service also have a dedicated team that is the pinnacle of customer service in helping you maximize your crypto assets and receive high-end advisory services for long-term investments. In the educational spectrum, PDAX PRIME members will also be prioritized to different materials in order for them to stay ahead of the curve that can help promote financial inclusion in basic Philippine education. 

“Our current users have the option of upgrading their accounts to enjoy the perks of PDAX Prime,” Gaba said assertively. “We see this as an improvement to what we offer today and a benchmark for other, more innovative solutions we may come up with in the future.”

For those interested in beginning or continuing their journey with a better cryptocurrency strategy, visit the PDAX PRIME website. Upgrade your existing PDAX accounts and get in touch with the team by sending an email to [email protected].

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