Google searches for “how to buy crypto” would provide hundreds of results, including YouTube videos and articles, that explain the nuances and present prospective owners with digital assets. Those who have only a basic understanding of cryptocurrencies may be encouraged to start by browsing these websites.
But that simplicity screams to a halt when it comes to novices actually buying digital assets, which deters them from participating completely in the ecosystem.
Practical obstacles have impeded new adopters’ research of cryptocurrency. For example, the idea of using a single password to protect all of their assets might be intimidating. The Wall Street Journal’s investigation demonstrated the dangers these frameworks provide by revealing that 20% of Bitcoin has been lost as a result of misplaced keys, forgotten passwords, and the difficulties of managing wallets.
Traditional investment choices have been present for years and offer a more established framework for people to develop their financial portfolios, in contrast to the volatility associated with cryptocurrencies. For instance, even qualified financial consultants are easily available resources in the field of finance, and they are essential in assisting customers in developing plans that are specific to their financial objectives.
In addition to human resources, conventional finance has incorporated AI to improve risk assessment and portfolio management by streamlining trading techniques and facilitating quicker decision-making. Why is blockchain unable to achieve the same?
Automated financial advisers that offer wealth management services without requiring human interaction are known as “robo advisors.” These advisers make it simpler for people to manage their portfolios by using algorithms to automate investing based on data such as investment preferences and risk tolerance.
Since the present lack of help makes it difficult for newbies to understand their choices and make educated judgments in an already complicated and unpredictable environment, this degree of advice and individualized support should be commonplace in the crypto sector. Since cryptocurrency is supposed to be the money of the future, it needs to become more intuitive.
Some developers are concentrating on developing individualized support on cryptocurrency platforms that cater to both novices and specialists in order to fill this vacuum. AI-powered personalized support may provide users a better grasp of market dynamics, empowering them to analyze risks, see patterns, and decide on a course of action.
To assist close the knowledge gap, GT Protocol, for example, has created a web3 investing platform and blockchain AI execution. The platform makes the switch to cryptocurrency easier by offering AI-driven infrastructure to help with web3 investments, trading, and portfolio management.
The ability of GT Protocol’s specially designed AI Assistant to extract accurate, real-time information with a high degree of precision is what sets it apart. In order to assess data and carry out activities, such as executing strategies based on market signals and managing operations across various levels, the AI Assistant also has an execution layer.
Essentially, it provides crypto novices with a helping hand that they wouldn’t otherwise get. But if consumers don’t feel like they have to travel alone all the time, this might be crucial to onboarding the next billion. Additionally, GT Protocol has benefited from the extra work, as evidenced by the fact that its token has been the top gainer on the BNB Chain for the last 30 days.
Accepting the novelty of cryptocurrency might spur investors to explore new financial options and contribute to development. But it can also easily become too much for someone who isn’t a financial expert or hobbyist to handle. Making use of helpful tools and resources may be essential to empowering people in their economic endeavors and enabling them to confidently traverse the obstacles of blockchain adoption.
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