Is AI the key to converting everyday investors to crypto?
If someone were to Google “how to buy crypto,” they would be met with thousands of resources—from articles to YouTube videos—that break down the ins and outs and introduce potential holders to digital assets. Scrolling through these resources might eventually inspire those with an elementary knowledge of cryptocurrency to take their first steps into it.
However, that straightforwardness screeches to a halt when it comes down to newcomers actually purchasing digital assets, discouraging them from fully engaging with the ecosystem.
For new adopters, practical barriers have hindered their crypto exploration. For instance, the notion of relying on a single password to secure all their assets can be daunting. An analysis by the Wall Street Journal revealed that 20 percent of
Bitcoin has been lost due to forgotten passwords, lost keys, and the complexities of wallet management, highlighting the risks these frameworks create.
In contrast to the volatility associated with crypto, traditional investment options have been around for centuries, providing a more established framework for individuals to build their financial portfolios. Even professional financial advisors, for example, are accessible resources within finance, playing a crucial role in helping clients create strategies tailored to their financial goals.
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