The wisdom of saving instead of spending has been passed down from father to son since the dawn of time.
As Black Friday looms, we should consider the value of money and what a simple R1 000 saved could be worth today, rather than spent on Black Friday a year ago.
If those R1 000 had been invested in bitcoin (BTC), it would be worth roughly R3 100 today. If it had been invested in the cryptocurrency ether Ethereum (ETH), it would be worth R7 540.
The wisdom of delayed gratification is even more pronounced when looking at a year’s returns from supernovae like Solana (SOL), up 9,730% in 12 months. The same R1,000 invested a year ago in SOL would be worth close to R100,000 today.
“The temptation to spend at this time of year is always high, and while it’s a great time to get deals, people should think twice about the effects of saving that money rather than spending it,” says analyst Brett Hope Robertson. of investments in crypto. Revix investment platform. “While we understand that cryptocurrencies may not be for everyone, we believe that saving and investing should be at the forefront of clients’ minds during this time.”
The graph above shows just how powerful crypto asset investing has been since Black Friday last year.
While Solana was the clear winner over the past 12 months, investors know that it takes a lot of skill, opportunity and, most of all, luck to correctly identify the next Solana in advance.
So how do we try to profit from cryptocurrency’s next big hit?
The answer to that conundrum is to invest in one of Revix’s three encryption “packages.”
Revix, a Cape Town-based crypto investment platform, was founded to solve that very problem. In addition to making buying individual crypto assets easy and safe, Revix’s fame is its crypto package offerings.
In the same way that you would buy the JSE Top 40, the Revix packages allow you to invest in a group of cryptocurrencies without hassle.
Revix allows users to invest in three different theme packages:
the Top 10 pack (+ 453%) is like the JSE Top 40 or S&P 500 for cryptocurrencies and provides equally weighted exposure to the top 10 cryptocurrencies that account for over 75% of the crypto market. This package includes all the cryptocurrencies mentioned in this article and has significantly outperformed Bitcoin in the last 12 months.
the Smart contract package (+ 569%) provides equally weighted exposure to the top five smart contract-centric cryptocurrencies like Ethereum, Solana, and Polkadot, which allow developers to build apps on their blockchains, similar to how Apple builds apps on its system. operational.
the Payment package (+ 200%) provides equally weighted exposure to the top five payment-focused cryptocurrencies looking to make payments cheaper, faster, and more global. These cryptos include Bitcoin, Ripple, Stellar, and Litecoin.
The smart contract package, which includes cryptocurrencies such as Solana, Binance Coin, Ethereum, and Cardano, has exploded in recent weeks as great strides have been made in delivering on the promise of a new financial architecture focused on decentralized finance. (DeFi).
“DeFi is relatively new and is still gaining traction, but the value of locked funds has grown from $ 12 billion to more than $ 104 billion in the last 12 months, which means that DeFi is now the same size as IBM. within four years of its inception, ”says Hope Robertson.
Decentralized finance allows investors to earn interest at rates much higher than those available in traditional markets.
They can also lend and borrow, all without going through credit approval committees and Know Your Customer routines; This is possible thanks to self-executing smart contracts that do not require human intervention.
Going back even further in time to Black Friday in November 2017, an investment of R1,000 in Bitcoin today would be worth seven times the original investment.
“While cryptocurrencies can be volatile, investors have in the past been rewarded for that volatility in the form of above-average returns,” says Hope Robertson. “But regardless of crypto, you need a simple rule of thumb to increase wealth: save more than you spend.”
Revix Black Friday and November Deals:
- Get up to R2000 when you invest with Revix this Black Friday (for example, invest R1000 and get R200 to invest as you wish).
- 100% discount on all entry fees on all assets available on the platform between November 19 and 30.
Remember that terms and conditions apply.
With these offers, there has never been an easier or cheaper way to invest. So when you’re thinking about buying that next pair of shoes you don’t really need, stop and think about what it could do for you to save that money.
Revix brings simplicity, confidence and excellent customer service to the investment. Its easy-to-use online platform enables anyone to securely own the world’s top investments with just a few clicks.
Revix guides new clients through the registration process to their first deposit and first investment. Once configured, most clients manage their own portfolio, but can access support from the Revix team at any time.
For more information please visit www.revix.com
This article is intended for informational purposes only. The opinions expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor is it a solicitation of an offer, to buy or sell any of the assets or securities mentioned herein. You should not invest more than you can afford to lose and, before investing, consider your level of experience, your investment objectives, and seek independent financial advice if necessary.
Presented by Revix.