Every day that cryptocurrencies exist is one more day of familiarity. Our model of the world goes back only as far as our memories. When children of today become investors of tomorrow, bitcoin will be as familiar as gold. There will always be people that prefer the status quo, which we are building the next status quo at Surplus.
- WHAT IS CRYPTO?
- ARE CRYPTOS LEGAL IN THE UNITED STATES?
- CRYPTOS SOUND TOO GOOD TO BE TRUE, ARE THEY?
- WHY IS CRYPTO THE BIGGEST OPPORTUNITY IN HISTORY TO BECOME A MILLIONAIRE?
- ARE CRYPTOS JUST A FAD?
- HOW TO INVEST IN CRYPTO?
- HOW DOES CRYPTO INVESTING WORK?
- HOW TO INVEST IN CRYPTO WITHOUT BUYING COINS?
- IS THERE A MINIMUM TO INVEST IN CRYPTO?
Cryptocurrency, or crypto for short, is a digital currency that is not backed by any authority, whether it's a central bank or one specific government.
It's completely decentralized and its primary purpose is to act as a medium of exchange. Each cryptocurrency has its own specific value that is backed by demand for the crypto when adjusted by the total number of coins in supply.
Since the value of a cryptocurrency is completely dependent on the market, it has turned into a great way for people to invest their money. Investors would simply place their investments on a cryptocurrency that they felt was valued too low, invest in it, and wait for its price to increase, in turn, increasing the value of their own holdings.
This is not that different from the stock market, with the difference being that the stock market is heavily regulated and manipulated by higher authorities, while cryptocurrency value is completely dependent on the market demand (and supply).
Bitcoin was the first fully decentralized Cryptocurrency when it came out in 2009.
Since then, thousands of other cryptocurrencies have also been released. Some of those cryptocurrencies were based on the exact same protocol as Bitcoin, while others were radically different, such as Ethereum.
Bitcoin is still the world's most valuable cryptocurrency, but Ethereum is trailing behind and, according to some market analysts, it may just overtake Bitcoin eventually since it keeps upgrading itself with the passage of time.
Regardless of what the top crypto is, it's clear that crypto, in general, is not only just a great medium of exchange, but it is also a great investment opportunity.Speak With An Advisor Now
One of the biggest misconceptions people have about cryptocurrency is that it might be illegal for one reason or another in the United States. Let's just get things straight, that's not true . The United States has a free-market economy without that many regulations, however, the currency that is used, the US Dollar, is still very tightly regulated by the Federal Reserve and cannot be considered a true market-based currency.
and cannot be considered a true market-based currency. While cryptocurrencies are an alternative to the legal fiat of the US, they are not illegal. Cryptos fall under the Bank Secrecy Act , which means that all the different crypto exchanges, such as Binance or Coinbase, must have a license that is issued by FINCEN. As for individual cryptocurrencies, they must be registered as securities from the Securities and Exchange Commission.
Crypto wallets are legally required to comply with record-keeping requirements, something that cryptos are already pretty transparent about, and for the most part, these "regulations" don't really affect the cryptocurrencies that much at all. There are very few restrictions that are actually placed on cryptocurrencies within the US, however, when you get to countries like China or India, it's a completely different story. Some countries have banned cryptocurrency outright, while others have placed impossible-to-overcome restrictions on the currencies, but thankfully, the United States is not one of them.
Does this mean you can get away with anything using cryptocurrency? Whether you own normal currency or cryptocurrency, you're still subject to all of the financial laws in the United States, and that includes paying taxes, not buying anything illegal with your cryptocurrency.Speak With An Advisor Now
You probably hear about all kinds of different cryptocurrencies hitting insane highs all the time.
People have literally turned hundreds of dollars into millions of dollars by placing investments in a budding cryptocurrency, but even after all this, it can sometimes sound too good to be true.
But it's not that hard to believe.
To truly understand why you should take a look at some of the most successful companies in the world today.
Tesla is now worth 30,000 times more than it was worth during its IPO, and that does not reflect its sales at all. What it does reflect is the confidence the market has in Tesla, and with cryptocurrency, it's mostly the same.
When a bunch of investors get together and buy a bunch of cryptocurrencies, it's not indicative of the crypto's performance in anything, but it is indicative of the investor's confidence.
When you leave everything up to the market to decide with literally no limits (other than the supply of the cryptocurrency), you should pretty much come to expect crazy returns like the ones that are going on.
When you also consider the fact that there are almost no restrictions on who can buy a cryptocurrency and when they buy a cryptocurrency, it's only natural that coins like Bitcoin and Ethereum have been seeing such insane returns.
The possibilities are, quite literally, endless.
Cryptocurrencies aren't too good to be true, they are an indication of what the market trusts.Speak With An Advisor Now
Throughout history, humans have had an "instant formula" to making wealth that worked out for people and changed their fortunes and lives.
From fur to gold to oil to lottery tickets to stocks and real estate - we've always had ways to get rich overnight.
But none of these come close to Cryptocurrency.
Yep, you heard that right!
As things stand, there's no way to become a Millionaire that's as sure-shot and effective as investing in Cryptocurrency. Of course, this isn't to say that anyone who invests in Cryptocurrency is going to become a millionaire.
Not even close!
But if you invest smartly, keep your ear to the ground, and play your cards right - you have a higher chance of becoming a millionaire than with anything else!
Here's a simple example that'll make you mad: if you'd invested just a thousand dollars in Bitcoin 10 years ago - you'd have more than 15 million dollars as of now!
That's the kind of ROI that's practically unheard of until now.
Even Real Estate doesn't give such massive profit potential!
And the thing with Crypto - it's only getting bigger and bigger over time.
Bitcoin has surged by more than 370% in the last year alone.
Ethereum, another cryptocurrency, has surged by more than 1,500%.
Dogecoin has soared by more than 19,000%!
Now, you look at these numbers and you think - anyone can get rich off of crypto!
If you're investing in Cryptocurrencies, keep in mind that this is still a risky investment, and it's not a get-rich-quick rich scheme.
By being at the right place at the right time you can be the next crypto millionaire.Speak With An Advisor Now
Here's the thing:
It's not uncommon for fads to catch fire in the world of finance.
From inverse funds to gold mining stocks - we've all seen a fair share of investment fads that ended up wasting people's money and costing them a massive amount of heartache.
So, do Cryptos fall under this category? Let's look at the statistics:
Over the last 9 years, from 2012 to 2021, (which is a sustained period) - Bitcoin has surged by more than 200,000%.
The total cryptocurrency market cap is $2.19 trillion, or equivalent to the 8th largest economy globally.
The average daily cryptocurrency trade volume has risen to more than $110 billion per day.
The Global mining income is more than 20 billion dollars per year.
Almost 141 million people use a crypto wallet worldwide.
Now, we've only covered the tip of the iceberg here.
The stats are insane and, more importantly, span more than a decade.
Name an investment "fad" that's been on a hockey stick graph growth for a decade. right, there is none!
In short, Cryptocurrency is backed by statistics. And if we go by current projections, things are only getting better and better in the coming years.Speak With An Advisor Now
There are a number of ways to invest in crypto. The most common is via large crypto exchanges such as Coinbase or Crypto.com. Coinbase, Crypto.com, and other exchanges hold crypto in a wallet, where it can be stored and accrue value like traditional investments.
Crypto exposure can also be gained via private funds that play to a more diversified crypto strategy. Surplus seeks to partner with the world’s leading institutional crypto investors, such that use strategies similar to Pantera Capital, to provide members with the opportunity to ride alongside some of the most successful investors in the industry while helping to protect against the many risks facing retail crypto investors. Surplus believes in a diversified market neutral approach to crypto investing, avoiding meme coins and focusing on projects with real-world applicationsSpeak With An Advisor Now
With retail exchanges such as Coinbase, crypto can be bought or sold at any time, much like how investors buy and sell other publicly traded securities.Speak With An Advisor Now
There are several different avenues, some much simpler and accessible than others. One of the most straightforward direct options are either making an investment into a fund or individual coins on an exchange. Another is to buy stocks of popular crypto exchanges, such as Coinbase. A third, and the most cumbersome, time consuming, and capital intensive, is to mine Bitcoin through the building and installation of Bitcoin mining equipment.Speak With An Advisor Now
Anyone can invest in crypto, and exchanges such as Coinbase or Crypto.com make it accessible to invest in coins with only a few dollars. However, if you are looking to professionally invest your money in crypto with the world’s leading crypto investors that currently only work with the ultra-wealthy and institutions you will need a much bigger check, with entry into a lot of funds requiring a minimum investment of $250,000 or more. Surplus has removed this barrier to entry and allows you to ride alongside professional crypto investors for less than a cup of coffee a day.Speak With An Advisor Now