3 Reasons I’m Investing in Cryptocurrency – Motley Fool

3 Reasons I’m Investing in Cryptocurrency – Motley Fool

There are few investments as divisive as cryptocurrency. While some people are convinced it’s going to change the world, others strongly believe it’s going to crash and burn.

Even the experts can’t agree on whether it’s a good investment or not. Some celebrity billionaires like Elon Musk and Mark Cuban have famously supported cryptocurrency. Others, though, like Warren Buffett and Charlie Munger, have long criticized it.

It’s true that cryptocurrency is volatile — as the past year of ups and downs has proven. But there are a few reasons why I still invested in both Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH).

Bitcoin symbol on top of a pile of gold coins

Image source: Getty Images.

1. It could be the next big thing

Nobody knows what the future has in store for cryptocurrency, and it’s true that it could end up failing. But it could also have real utility someday and revolutionize a variety of industries. Even if cryptocurrency itself does not become a standard form of payment around the globe, there are other paths to success.

For example, take blockchain technology, the foundation beneath cryptocurrency. The Ethereum blockchain, in particular, is home to many applications including Source…