While the price of some cryptocurrencies such as bitcoin has recently experienced a dip in price, investors are indicating that cryptocurrency remains a top investment of choice. Financial forecasts appear to remain positive in light of crypto’s ability to overtake other commodities such as gold. Some analysts suggest that crypto remains a better store of value than gold, indicating that crypto could reach a $60 billion market share.
The biggest concern for short-term investors remains the fact that virtual currencies and coins have been sold at depressed prices, indicating the volatility of the crypto market. For long-term investors however, the forecast remains optimistic. For instance, there have been a number of firms offering financing, short-term and long-term lending for virtual coins. These firms regularly issue loans in the $100’s of millions. Such firms typically require a monetary deposit in exchange for virtual coins. Rates of interest vary between 6% and 12%.
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