Digital assets are the hot topic for investors, it is a way to make money with low investment cost. It is a new asset class that has the potential to change the way we think about investing and storing value. The total market capitalization of digital currencies website has soared from approximately $30 billion to manifolds in the present times, and this figure continues to increase. The thing that is concerned with the everlasting growth of these digital assets remains to be the thing to earn higher rewards. They hold a market capitalization of over 200 trillion dollars as of today and are expected to grow in the future. This is because they are decentralized, peer to peer and open source. They are not controlled by any governments or regulatory agencies but despite that, they hold immense value. This is because they were created on mathematical algorithms and they have a limited number of coins that can be mined. They also have their own blockchain technology which makes them highly secure and stable. But still there are many people who don’t invest in these digital assets due to various reasons such as:
Unstable market
Digital assets have become very popular among people. Their price has gone very high in a few years. This sudden increase has attracted many investors to invest in digital assets but their price is also volatile which means it is not stable at all times. It keeps changing with time depending on demand and supply. Middle class people do not want to invest their money in an unstable market because they don’t want to take any risk on their savings for a few more profits. Their priority is security of their savings rather than making extra money.
The digital asset market is known to be volatile. The values of these assets keep on changing every day and therefore make it hard for people to invest in them, because they can lose their money at any time. Fraud activities have also led to mistrust of digital assets among the middle class people. Uncontrolled activities in the market have also contributed a lot to lack of interest in these assets by the middle class population.
Uncontrolled activities
There is no government control over the digital asset industry, so there are few regulations that protect investors from harmful practices. Middle class people cannot feel secure about investing their money when there are no laws or policies that will protect them from losing their money due to fraud or other illegal activity within this unregulated market space. If they invest in digital assets, then there is no guarantee that they will get their money back on time with profit. Because there is no proper control on it making it a terrible decision for middle class individuals to invest their money. So they prefer other form of investment like bank deposits etc that has full control by the government.
Fraud activities
Fraudulent activities are very common in the digital asset industry, and there is no means by which to prevent them. Because fraud is so common, middle-class people will not invest in digital assets because they have no way of protecting themselves from fraudulent schemes that could rob them of their hard-earned savings or worse. The middle class people are afraid to invest in digital assets because of fraud activities over the internet. There are many fraudulent websites and companies who only want to make money by cheating others. So they do not want to take risk with their hard-earned money.
Conclusion
Middle class people are very large in number and they play a vital role in the growth of the country. They are the ones who consume the products and services of the companies. These individuals can affect the profit or loss that company can make in a year. But these individuals are not investing their savings in digital assets as much as they should. There are several reasons for this lack of interest in investing digital assets from middle class people.
Thus, the present bitcoin era has a number of things that are concerned with their growth over a period of time.
