Building a Sustained Crypto Wealth

▪ Crypto currencies are digital forms of assets available on the blockchain. After the shakedown in the finance industry during 2008, a new class of assets evolved which posed a challenge to the existing financial institutions. Bitcoin was the first ever crypto currency to be available for investment. Investing in crypto currencies is a decentralised method of investment where the tokens/assets/coins are powered through a smart contract. They are available across a decentralised network of computers which make it potentially impossible to hack. Since the first crypto currency, we have evolved a long way and currently there are many other tokens/coins to invest in. They are available for investment in centralised exchanges which can be said to be analogous to stock exchanges for crypto currencies. Several new kinds of digital assets have evolved, one of which is the NFT or Non-Fungible Token.

▪ What digital assets are available to invest in?

▪ There are various kinds of digital assets available across exchanges to buy or invest in. Bitcoins, Altcoins, Crypto derivatives, Stable coins, Security Tokens, Utility Tokens, NFTs, etc. All these assets are part of the decentralised network. Certain digital assets float on their native network, whereas many are built on an existing blockchain network. For instance, ethereum is a chain that allows developers and founders to build blockchain based projects on top of it.

▪ If you have heard of mutual funds or ETFs then certainly you can relate to Crypto Structured products. Besides, there are derivatives in digital currencies that are tokenized in order to hedge risks and control volatility.