If you’re looking for the best things to invest in right now, sorry, but the Bitcoin train has long left the station.
Bitcoin hit record highs around $71,000 earlier this year and isn’t showing any signs of slowing down.
Even when the price pulls back it sits around the mid $50,000s.
Thankfully, while you may not have enough to become a “whole coiner” and add an entire Bitcoin to your portfolio, here are alternative ways to invest in the currency that some predict could one day be a $100 trillion market.
1. Best Things to Invest in Right Now: Crypto Mining
At one point, Riot Blockchain’s stock was valued 10x more than it is now, and we believe it will return to that level during the next bull run.
Think of Bitcoin mining like solving a Rubix cube. After you solve the cube—which is, in reality, a complex math equation that requires tremendous processing power—the cube releases a prize.
That prize is Bitcoin.
The more times the cube is solved, the more complicated it gets. And the more complicated it gets the rarer Bitcoin becomes. People then pool their resources to solve the puzzle together — and thus mining groups are born!
Riot is the top dog in US Bitcoin mining, so much so other mining groups have called them a monopoly.
If they can establish the same type of hegemony that Nvidia has over GPU chips and AI, Riot is an easy 10x.
2. Freelance For Bitcoin
A few years ago, the first NFL player claimed to have been paid in Bitcoin. It was sort of true — he isn’t being paid in Bitcoin per se, but he does plan to convert some of his paychecks into crypto.
Good for him.
Lucky for us, we can actually be paid in Bitcoin.
One way is to seek out jobs from crypto companies if you want 100% of your income in crypto. Today, there are thousands of crypto-related workplaces, and many of them not only pay in crypto but will also add stock options like Coinbase did when they went public.
Another option would be payment gateways like xMoney and Zengo, where the company can pay as normal, but you get the payment in crypto.
Remember that this is just the start of practices like this, and we’d guess that employers who pay in Bitcoin are very progressive people to work for.
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3. Buy Fractional Shares
Lastly, we’ll mention that buying crypto has never been easier in 2024.
Today you can invest in cryptocurrencies through PayPal, Cash App, Robinhood, Webull, Coinbase, and many other investing platforms.
Some people would recommend against investing in crypto on platforms like PayPal or Robinhood because Coinbase offers more features like an exchange and digital wallet all in one.
However, the easier, simpler option is still there for many who are just learning about crypto.
Even if you only have $5 to your name, you can still invest in Bitcoin on any of these platforms. And quite honestly, we’d recommend it based on the way the U.S. economy is heading.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.