Happy New Wealth Year 2021
We welcome 2021 with delightful embrace and the anticipation of relief from 2020, a year that transformed our lives. With the changes came wealth creating opportunities especially in the digital space. We look to the new wealth creating avenues women can pursue in 2021.
Wealth through crypto mining
The Bitcoin mining craze hit 2021 with a bang. As bitcoin climbed to record highs, investors flocked to the crypto market with high expectations and there is still room for growth. Bloomberg analysts project that the path of least resistance for bitcoin is on the higher side, and the crypto currency could be valued at $50,000 in 2021. Altcoins such as Ethereum, Bitcoin cash, Litecoin are all expected to rise in value as well. Bitcoin is unregulated and there is risk for loss, but with proper planning, Bitcoin can create wealth in amazing ways.
How to invest in Bitcoin and other Altcoins
Create an account with platforms like Gemini, Coinbase, Robinhood. Once registered, begin trading. Unlike most stocks, crypto investments can be done in small amounts.
Wealth through Exchange-traded funds(ETFs)
ETFs are popular long term wealth building avenues. As the world shifts to climate friendly lifestyles, so should your portfolio. An example of an EFT designed around the changing world is ARK INVEST which invests in Disruptive Innovation, according their website. Their upcoming investment will be in Space technology using the ticker symbol ARKX. The idea here is to invest in EFTs aligned with modern trends which have the potential to increase your wealth.
Wealth through the digital space
Covid 19 forced the world to shift most of its business online. Telelearning, telehealth are just a few of the services with potential for growth. There is a market for solutions that can aid educators or health care providers seeking to transition into the digital space. These are the type of investments to look into when looking to build wealth in the digital space.
The world in which we live has an abundance of wealth creating streams and opportunities. Search, explore and invest.