Cryptocurrency is a Dream for Expat Investor’s

Cryptocurrency trading is a dream come true for expats who finally have access to a way to make money without the worry of cross-border controls.

One of the major benefits of cryptocurrency is the concept is global.

Other financial opportunities are wrapped up in government and central bank regulations that can stifle entrepreneurship.

As long as expats have access to the internet through a smartphone app, tablet or computer, they can trade cryptocurrency.

And as most cryptocurrency traders are aged between 22 and 40 years old, they have grown-up with technology and are happy to conduct their investments online.

Comfortable with risk and volatility

Technology is a generation thing that means younger people have grown up with the internet, smart phones and social media interwoven with their lifestyle.

The way they shop, manage their finances, access news and entertainment are different to the way their parents live their lives.

Cryptocurrency and the blockchain also play a major part in their lives.

Younger investors are more comfortable with the risk and volatility that come with investing in digital currency, such as Bitcoin, Litecoin and Ether. Around 98% of the 12 million Bitcoin holders are men.

Because they are aged under 40, they are less likely to have a settled career or a family.

Risk and chance are more a part of daily life and millennials are more digitally literate than the older generations.

Dreaming of making a fortune

And with Bitcoin set to celebrate a 10th birthday within a year, as the concept has aged, cryptocurrency and the blockchain have created wealth, jobs and new technology along the way.

As the price of Bitcoin has soared over the past year from $900 to $20,000 and down to $6,000 again, the profile of cryptocurrency traders has changed from techies to ordinary investors.

Around 1,500 digital currencies are open for business – from Bitcoin to Dentacoin, the special currency for dentists.

Like other investments, speculators can make and lose fortunes overnight due to turbulence in the markets, but long-term holders expect to significant gains in the value of their digital currency holdings.

Hopefuls expect their Bitcoin to rally to between $30,000 and $50,000 within a year.