NEW DELHI: There is a good boom in the cryptocurrency market these days. Most people are curious about investing in crypto. Since the financial turbulence caused by the pandemic, everyone is thinking of investment. So what are the options when it comes to investing in cryptocurrency?.
What is Gold v/s BTC Digital Virtual Asset
Nowadays the virtual asset has seen plenty of changes as Bitcoin has won the trust of investors and fund houses. The return of investment here is higher than that of gold. Most of the investors have converted their funds from gold to Bitcoin or other digital virtual assets.
If we look at the data of the last three years, gold has increased from $1400 to about $2060 (200 $ per year). On the other hand, Bitcoin was $5100 from the year 2019 to 2022 and now it has increased from about $45000 to $62000. That is, there is an average return of $13300 per year.
UAE-based enterprise Eosoft Capital, a joint venture of Eosoft Technologies Inc (US), with Guardian Industries, a leading business partner of Koch Industries (US), Eiosoft Technologies Inc, Eiosoft Technologies Pte Ltd, Ajman-Dubai, and representatives of Eiosoft Technologies Pvt Ltd in India, are all now planning to hit the FTT ICO bonds in the world market.
It is like a digital virtual asset/cryptocurrency bond. Which invests in decentralisation under the guidelines of the Financial Yield Protocol (UK) only by tokens. This scheme is only for those who are looking to invest for the long term. It is called Non-Convertible Debenture. It can be traded in the market only after its listing. According to the data, its return on investment remains quite stable. Apart from this, comparing it with investment in banks, it will prove to be a better option.
Now if we put together Gold Bond or FTT ICO Bond, then as per the data the increase in gold will affect the rates of gold bonds like Gold ETF. Let us inform you that Gold Bond Fund has brought very good returns in digital virtual assets as per the available data of the last three years. Therefore, it can be safe to assume that if this fund flow of gold ETFs and gold bonds flows into FTT ICO Bonds, then it can be a dark horse in the future.
Where to Invest? Bank FDs v/s FTT Bond Digital Virtual Asset?
Comparing year on year (YoY) basis, bank rate on FD interest is decreasing. Therefore, looking at the current scenario, investing in Digital Virtual Asset FTT Bond is a clever idea.
Comparing interest rate to FTT Bond
With respect to Eiosoft FTT Bond, one can get 100% growth. Assured returns in a lock-in-period of 5 years and 150% return growth in a lock-in for 7 years, That is 2–2.5 times of bank FDs in India.