SA hockey champion thinks crypto is the way to go

The Company We Keep is a column on the CN&CO blog that profiles some of the most interesting people in our networks. Here we share the details of the lives of people we know, showcasing the extraordinary diversity of our society and proving that people truly are at the heart of everything we do.

Connor Beauchamp is one of South Africa’s rising hockey stars. With serious talent, and despite a few Covid hurdles, this talented young man is making our country proud and we predict that we’ll be seeing a lot about him in the sports pages. But rather than focusing on his well-known hockey talents, we asked Connor to share some of his views on crypto – and in particular around EC10 – the crypto bundle many of our community invest in on EasyEquities.

Why the younger generation should invest in EC10

Many people in society have definitely heard about Cryptocurrency and its successful run so far, but many people fail to understand it and why it is said to be the ‘currency of the future’. So, as a young person starting out, let me try and help.

Cryptocurrency is defined as a digital currency that uses an online ledger with strong cryptography to secure online transactions – simply put, it is a digital currency that can be used to purchase goods and services online.

The majority of the cryptocurrencies out there have decentralized networks that work with blockchain technology whereby people can purchase and store their crypto through blockchain wallets. Owing to crypto being decentralized, this means that it is not controlled by one person, bank or government but allows for anybody to buy and sell crypto without having to go through a so-called ‘middleman’.

I would like to discuss the EC10 token. 

The EC10 token is a crypto token offered on the Easy Equities platform and it is linked to the value of the EC10 index. The EC10 index is an index that comprises of the top 10 Crypto Assets and is weighted by the market capitalization. It includes cryptocurrencies such as Bitcoin, Ethereum, XRP and 7 other valuable crypto assets.

The EC10 token is very similar to an Exchange Traded Fund (ETF) or a unit trust owing to the fact that it holds a variety of assets – in this case crypto assets with the structure of a fund.

The value of the EC10 token is determined by the overall value of the crypto assets on the EC10 index. The EC10 token was first introduced in 2016 and has subsequently seen massive returns.

The return on the EC10 token is currently around 522,98% per annum with a monthly return of about 22.07%. Compared to bank returns of around 7% per annum, this makes the EC10 token interesting for potential investors. With the emergence of the crypto world, it is clear that the EC10 token has much future potential with unlimited heights.

Therefore, the question:  should you as a young investor consider the EC10 token? The answer is a resounding YES!

There are a number of reasons for this, from giving you the knowledge to learn about investing at a young age to possibly becoming financially independent. Investing at a young age will give valuable lifelong lessons about risk, rewards and losses which will lead to making better investment decisions in the future.

It is said that cryptocurrency is the currency of the future and it would be wise for you to start investing in a token such as EC10.   It is anticipated that it will play a massive role in the world’s future economy owing to it being a safe and efficient way of transferring money. You’ve all heard about the financial returns people have gained through investing in cryptocurrency and the fact of the matter is that by investing in a token such as EC10 you could potentially experience capital growth and even on a bigger scale, future wealth.

It has become evident in the last year with COVID-19 that investments and savings play a much bigger role in people’s lives than previously thought. Many people lost their jobs and were not earning an income during this pandemic and something as simple as a good investment got people out of an economic hole. There are many statistics that show that South Africans as a population are particularly bad at planning their financial future.  It is therefore critical for the you as the up and-coming young generation to think about the future and to start investing in something as simple as the EC10 token.  No-one can predict the future with its ups and downs – your investment could definitely help when it comes to those ‘rainy days’.

Although there is a lot of skepticism when it comes to the crypto world many successful investors and organizations are coming around and showing interest in it. Tesla purchased $1.5 billion in bitcoin and said that they plan to accept it as a payment in the future. JP Morgan launched an investment basket with Crypto Assets. These are just a few examples that show the direction of the crypto world. Without doubt, there are definitely risks when investing in cryptocurrencies, but you need to recognize these and only invest what you are willing to lose.

The majority of the world’s best investors give one simply step in their guides to becoming a successful investor: diversify your investment portfolio and have many streams of income. Warren Buffet is one of the world’s best investors and he has a simple quote for investing and that is “Do not put all your eggs in one basket”. Investing in the EC10 token will give you the opportunity to diversify your portfolio on a comprehensive platform such as Easy Equities and could prove to be a future stream of income.

I believe that you as a young person starting out in the world should invest in the EC10 token as it could give you so many future opportunities and benefits.   The responsibility for your future lies in decisions made in your youth – don’t miss out on this chance!

The views in this blog do not constitute advice and are not necessarily endorsed by EasyEquities or EC10.