Change is the new anthem of our world. It is something that has attached itself to almost everything and made it run faster and faster with time. To follow up with this hurried atmosphere around, everyone is thinking of ways to be at least one step ahead. And what could possibly be better than making an investment to step into the future? However, with this change in technologies, new ways of investment have been born and cryptocurrency is the one playing a major role and making people question the authenticity of a real estate investment. Allow this article to inform you why is it still a better decision to invest in real estate rather than Bitcoin.
What is Bitcoin?
Bitcoin is a form of crypto currency which is a digital asset created by codes and used for investment purposes and online payments. To acquire Bitcoin, one is required to exchange centralized currencies of a defined amount. These can be bought, sold or exchanged independently of banks and governments being intermediate and their transactions are recorded in the blockchain.
Is it worth investing in Bitcoin right now?
Even though the electronic currency is an ever-growing market in the present times, it holds its set of risks related to it. There was a time when investment in Bitcoin was the greatest topic of all among all generations; the market is now experiencing a downwards trajectory as a result of the increasing rate of interest, inflation and many other factors. Although Bitcoin reached its record high in November 2021 with its price reaching $69,000, it has now dropped to $18,000. While many people would argue about the notion of the market going up again, which could derive handsome returns, the fact is that cryptocurrency is still considered to be a risky asset among investors.
The authenticity of a Real Estate Investment
Investment in Real Estate comes with a whole lot of advantages in comparison with its cons. Real Estate investments are prone to lesser risks and offer long-term returns on investments. It offers tangible assets unlike Bitcoin and offers a higher cash flow with stability. An investment in Real Estate means you have the opportunity of making an investment in versatile areas such as open land which gives its investor the freedom of customization in the future. An open land investment requires no maintenance costs and a hassle-free possession, unlike other real estate properties. Although investment in real estate does not yield exceptionally higher returns, it is not as volatile as Bitcoin.
To conclude, while both these areas are subject to market risks, investing in Real Estate is still a safer choice than diving deep into the risk-prone zone of Bitcoin. While a good knowledge of how the crypto market works can help you secure a place in its market, it is still subject to market crashes which are avoidable in real estate investments such as open land investments.