Blockchain is much more than just Bitcoin!

Last Updated: 20. Februar 2024By

Bitcoin spot ETFs do not have any distribution approval in EU-Europe and do not make any sense for private investors at all. This is because a blockchain-based direct investment in Bitcoin is both more advantageous in terms of investment and taxation. On the other hand, there are numerous blockchain projects in the pipeline for large banks and technology companies, a variety of small and medium-sized companies, as well as central banks and other state-affiliated institutions, which will be rolled out in the coming years.

The global market size of blockchain technology amounted to around 4.8 billion USD in 2022. By 2032, an enormous increase to around 2,334 billion USD is expected based on different analyses. If these expected values are confirmed, this would correspond to an annual growth rate of around +86% for the forecast period until 2032.

Blockchain technology is a multi-billion dollar growth market! The associated waves of adoption will also massively fuel the market acceptance of cryptocurrencies. Therefore, it is a smart strategy to invest not only in direct investments in cryptocurrencies like Bitcoin and Ethereum, but also in blockchain stocks that deserve this name.

ETFs are attractive here, offering you a diversified access to stocks that are active in the blockchain ecosystem. This can be through the development of blockchain applications or in the form of consulting services. As a result, you benefit from a variety of areas across the entire crypto value chain.

Even the World Economic Forum (WEF) is betting on blockchain. The World Economic Forum in 2024 in Davos focused on the role of – seemingly boring – stablecoins as the center of the global crypto financial revolution or evolution. These cryptocurrencies are pegged to conventional fiat currencies such as the euro or the US dollar. The further spread of stablecoins thus lays the foundation for the creation of a global blockchain infrastructure. This in turn brings with it a variety of functionalities and application possibilities.

The post Blockchain is much more than just Bitcoin! appeared first on Investor Verlag.