Why It’s Practical to Buy and Hold Cryptocurrencies Today
Thursday,22/02/2024|09:12GMTby
FM
The market has expanded from individual traders and brokers to business establishments.
For a long time, the cryptocurrency market has been surrounded by questions about its volatility and security. But ever since the pandemic, it has drawn more attention from investors of varying risk appetites and tolerance.
Cryptocurrencies are now a popular trend even if they have not fulfilled their promise of a decentralized financial system. There are over 400 million cryptocurrency owners worldwide, led by India, the US, and Vietnam, with 93M, 48M, and 20M, respectively.
Given this, cryptocurrency trading has become part of our daily lives. The market has expanded from individual traders and brokers to business establishments and government agencies. It has become more attractive recently as the market continues to heat up.
In this article, we will discuss why it’s wise to hold cryptocurrencies now.
Cryptocurrencies Have Enticing Upside Potential
In 2021, the price of any type of cryptocurrency rose substantially and set a new all-time high. Bitcoin (BTC), for instance, broke $60,000 during the first quarter. By November, it reached $69,004, the highest value since its inception.
But in only a few months, the celebration turned into panic among investors as crypto prices took a nosedive. It coincided with the skyrocketing global inflation during the first half of 2022. For instance, the US inflation exceeded 8% for the first time in many years before climbing to its 9.1% peak. In response, crypto prices had a steep plunge.
In the following months, prices started to move sideways, mainly due to the contrasting impact of lower inflation and higher interest rates in the US. As such, crypto prices became deeply tied to macroeconomic indicators. This supposition was fortified in 2023 when crypto prices accelerated as inflation decreased and the Fed maintained rate hike pauses.
In 3Q23, the market indicated slowdowns when inflation rebounded, and the Fed expressed its hawkish view. But today, prices have bounced back, showing that the market is heating up.
Given all these, cryptocurrencies are not wise choices for inflation hedges. Yet, their inverse correlation with macroeconomic indicators shows their potential for a sustained price rally this FY. The improving macroeconomic environment will even drive the bullish market. This can be supported by the anticipated Fed rate cuts this year.
Buying cryptocurrencies today is ideal, so investors must take advantage of price dips and pullbacks to buy them at a discount. There may be a double-digit upside potential if inflation keeps decreasing. As such, cryptocurrencies are still cheap today.
To support our views, here are Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) charts with a Simple Moving Average (SMA) Line. You can compare their respective trends to inflation.
Image Source: MarketWatch
Image Source: MarketWatch
Image Source: MarketWatch
Image Source: MarketWatch
Cryptocurrencies as Accepted Payment Methods in Many Business Establishments
It is no longer a secret that many business owners have already entered the world of cryptocurrency trading. It has become more apparent in recent years as many online businesses have emerged, especially during the COVID-19 pandemic.
Many businesses are now operational even without brick-and-mortar stores. These are the primary drivers of the e-commerce boom and fintech revolution. And as cashless payment methods take flight, the crypto market is seeing more opportunities to penetrate new niches.
In the US, 41% of Americans no longer use cash for transactions. It substantially increased from 24% in 2015 to 29% in 2018. This contrasts the percentage of Americans with cash transactions, contracting from 24% in 2015 to 18% in 2018 and 14% in 2022.
Credit cards and mobile wallets are the top payment methods today. And since many banks are now into crypto trading, credit cards have started working hand-in-hand with cryptocurrencies. Even mobile wallets like PayPal (PYPL) are used to top up crypto wallets. Given all these, cryptocurrencies will become more common even in small and medium businesses (SMBs).
Moreover, cryptocurrencies have become part of our daily lives. For instance, Amazon (AMZN) and Shopify accept crypto payments to check out orders.
More interestingly, cryptocurrencies are already accepted in many restaurants. Starbucks (SBUX), Burger King (QSR), and KFC (YUM) are just some of the notable brands accepting these payments. SBUX is a famous coffee shop, while the other two are known quick-service restaurants (QSRs). So whether casual dining, fine dining, or quick service, whatever best POS system for restaurants implemented, cryptocurrencies are already accepted.
Government Agencies Are Also Accepting Crypto Payments
Despite being unregulated, government agencies have become more open to crypto as a product of the fintech revolution. Of course, many developed economies, such as the US, are still wary of cryptocurrencies, particularly Bitcoin. Its decentralized nature remains the primary reason behind this.
Policymakers are apprehensive about its capacity to circumvent government-imposed capital controls. While it promises freer financial transactions, governments see risks of unmanageable capital flows across nations. According to Chainalysis, more than $50B of Bitcoin moved from East Asia to other countries in 2020.
On a lighter note, some nations view cryptocurrencies as an opportunity to drive more capital inflows to boost economic activities. These will be pivotal to their rebound as their respective capital markets draw an influx of investors.
In Singapore, government agencies accept Ethereum contracts as payment for their services. This is one of their ways to veer away from siloed centralized payment systems. We can attribute it to Ethereum leading the blockchain technology, making it more secure today.
Note that Singapore is one of the most robust economies in the world. Hence, it will not be surprising if its neighboring countries emulate its economic recovery and development roadmap.
The cryptocurrency market is expanding and thriving today. Given its enticing growth prospects and rising popularity, trading and holding can be practical for individuals and entrepreneurs.
For a long time, the cryptocurrency market has been surrounded by questions about its volatility and security. But ever since the pandemic, it has drawn more attention from investors of varying risk appetites and tolerance.
Cryptocurrencies are now a popular trend even if they have not fulfilled their promise of a decentralized financial system. There are over 400 million cryptocurrency owners worldwide, led by India, the US, and Vietnam, with 93M, 48M, and 20M, respectively.
Given this, cryptocurrency trading has become part of our daily lives. The market has expanded from individual traders and brokers to business establishments and government agencies. It has become more attractive recently as the market continues to heat up.
In this article, we will discuss why it’s wise to hold cryptocurrencies now.
Cryptocurrencies Have Enticing Upside Potential
In 2021, the price of any type of cryptocurrency rose substantially and set a new all-time high. Bitcoin (BTC), for instance, broke $60,000 during the first quarter. By November, it reached $69,004, the highest value since its inception.
But in only a few months, the celebration turned into panic among investors as crypto prices took a nosedive. It coincided with the skyrocketing global inflation during the first half of 2022. For instance, the US inflation exceeded 8% for the first time in many years before climbing to its 9.1% peak. In response, crypto prices had a steep plunge.
In the following months, prices started to move sideways, mainly due to the contrasting impact of lower inflation and higher interest rates in the US. As such, crypto prices became deeply tied to macroeconomic indicators. This supposition was fortified in 2023 when crypto prices accelerated as inflation decreased and the Fed maintained rate hike pauses.
In 3Q23, the market indicated slowdowns when inflation rebounded, and the Fed expressed its hawkish view. But today, prices have bounced back, showing that the market is heating up.
Given all these, cryptocurrencies are not wise choices for inflation hedges. Yet, their inverse correlation with macroeconomic indicators shows their potential for a sustained price rally this FY. The improving macroeconomic environment will even drive the bullish market. This can be supported by the anticipated Fed rate cuts this year.
Buying cryptocurrencies today is ideal, so investors must take advantage of price dips and pullbacks to buy them at a discount. There may be a double-digit upside potential if inflation keeps decreasing. As such, cryptocurrencies are still cheap today.
To support our views, here are Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) charts with a Simple Moving Average (SMA) Line. You can compare their respective trends to inflation.
Image Source: MarketWatch
Image Source: MarketWatch
Image Source: MarketWatch
Image Source: MarketWatch
Cryptocurrencies as Accepted Payment Methods in Many Business Establishments
It is no longer a secret that many business owners have already entered the world of cryptocurrency trading. It has become more apparent in recent years as many online businesses have emerged, especially during the COVID-19 pandemic.
Many businesses are now operational even without brick-and-mortar stores. These are the primary drivers of the e-commerce boom and fintech revolution. And as cashless payment methods take flight, the crypto market is seeing more opportunities to penetrate new niches.
In the US, 41% of Americans no longer use cash for transactions. It substantially increased from 24% in 2015 to 29% in 2018. This contrasts the percentage of Americans with cash transactions, contracting from 24% in 2015 to 18% in 2018 and 14% in 2022.
Credit cards and mobile wallets are the top payment methods today. And since many banks are now into crypto trading, credit cards have started working hand-in-hand with cryptocurrencies. Even mobile wallets like PayPal (PYPL) are used to top up crypto wallets. Given all these, cryptocurrencies will become more common even in small and medium businesses (SMBs).
Moreover, cryptocurrencies have become part of our daily lives. For instance, Amazon (AMZN) and Shopify accept crypto payments to check out orders.
More interestingly, cryptocurrencies are already accepted in many restaurants. Starbucks (SBUX), Burger King (QSR), and KFC (YUM) are just some of the notable brands accepting these payments. SBUX is a famous coffee shop, while the other two are known quick-service restaurants (QSRs). So whether casual dining, fine dining, or quick service, whatever best POS system for restaurants implemented, cryptocurrencies are already accepted.
Government Agencies Are Also Accepting Crypto Payments
Despite being unregulated, government agencies have become more open to crypto as a product of the fintech revolution. Of course, many developed economies, such as the US, are still wary of cryptocurrencies, particularly Bitcoin. Its decentralized nature remains the primary reason behind this.
Policymakers are apprehensive about its capacity to circumvent government-imposed capital controls. While it promises freer financial transactions, governments see risks of unmanageable capital flows across nations. According to Chainalysis, more than $50B of Bitcoin moved from East Asia to other countries in 2020.
On a lighter note, some nations view cryptocurrencies as an opportunity to drive more capital inflows to boost economic activities. These will be pivotal to their rebound as their respective capital markets draw an influx of investors.
In Singapore, government agencies accept Ethereum contracts as payment for their services. This is one of their ways to veer away from siloed centralized payment systems. We can attribute it to Ethereum leading the blockchain technology, making it more secure today.
Note that Singapore is one of the most robust economies in the world. Hence, it will not be surprising if its neighboring countries emulate its economic recovery and development roadmap.
The cryptocurrency market is expanding and thriving today. Given its enticing growth prospects and rising popularity, trading and holding can be practical for individuals and entrepreneurs.
Beyond the Prompt: Solitics’ VP Product, Guy Shemer Exposes ‘Traditional’ AI Flaws and Reveals New Product: the AI Expert
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
