When people are asked whether or not they will invest in the future of money, there is no doubt that many will answer yes. However, just how much confidence do they have that this currency is going to be around for the next several years? A lot of this is a matter of faith in the developers and people who created the system. In some ways it is the same with any other currency or product, but in this case it is much more difficult because of the nature of the system.
First, a currency is designed by the government in order to serve the purpose of money in a particular country. The aim of a government is to serve its citizens in an effective way so that they can purchase products and services on the international market.
Second, when people use a government backed currency they have a lot more trust in it. Since they know that if they are able to get hold of a good and safe money they can invest in it as a safe haven. This is very similar to how one would trust a government issued currency over a company issued one. When you are buying a company issued currency and all of a sudden the value drops because of a change in the economy, then you would be very concerned because you are losing money when you bought that currency.
Third, in a sense the use of a government backed currency allows the people of a country to make their own laws regarding money and trade in it as well. In the past, people who wanted to invest in foreign currencies needed to rely on the laws of their respective country and in some cases even had to go through a process involving the local government before they could invest in that country.
Of course, this was a lot more complicated and involved a great deal of paperwork and even sometimes having to hire an investment lawyer to make sure that they would not face any legal problems or have their investments taxed. Now the investors who wanted to invest in foreign currency can simply invest from the comfort of their home in a relatively hassle-free process that involves no paperwork and usually does not require them to ever contact a government official again.
To conclude, is currency good as investment is a question that only an investor can answer for themselves. When investing in the future of money, it’s important to realize that you can only do so much to protect your investments from the vagaries of the economic climate. but by having a high quality currency, you can still invest in it as you see fit.