If you don't know where to start, here are the quickest and most direct ways for entrepreneurs to gain exposure to the lucrative world of Web3, DeFi and cryptocurrency.
It's surprising that so few entrepreneurs have caught onto the benefits of cryptocurrency. While there are risks, like all industries, the profit potential is orders of magnitude better than in traditional finance.
It's worth mentioning that the cryptocurrency industry is full of technical jargon, but a lot of the basic concepts are similar to what could be found in traditional finance, just with different labels. You can treat the terms "Web3," "DeFi," "cryptocurrency" and "blockchain" as practically the same thing.
The following are five simple ways to gain exposure to cryptocurrency and make your money work for you in the most efficient possible manner.
1. Direct investment
There's nothing wrong with mixing traditional and modern finance. Investing in a diverse portfolio of crypto assets and simply waiting is a great way to make money, especially if you have experience and a preference for the fixed-income market.
Despite ups and downs, on a yearly basis, the crypto and wider decentralized financial markets have an excellent compound annual growth rate — better than perhaps any other market.
So if you work on three- to five-year time horizons, the returns of a crypto portfolio could be extremely lucrative. You can also invest in a mix of safer cryptocurrencies and higher-risk tokens. There is a lot of room for innovation within cryptocurrency. Investing within this market is referred to as "HODLing" — holding on for dear life — due to the turbulent nature of cryptocurrency.
Continue reading: https://www.entrepreneur.com/money-finance/5-quick-ways-you-can-make-money-with-crypto/436489
It's surprising that so few entrepreneurs have caught onto the benefits of cryptocurrency. While there are risks, like all industries, the profit potential is orders of magnitude better than in traditional finance.
It's worth mentioning that the cryptocurrency industry is full of technical jargon, but a lot of the basic concepts are similar to what could be found in traditional finance, just with different labels. You can treat the terms "Web3," "DeFi," "cryptocurrency" and "blockchain" as practically the same thing.
The following are five simple ways to gain exposure to cryptocurrency and make your money work for you in the most efficient possible manner.
1. Direct investment
There's nothing wrong with mixing traditional and modern finance. Investing in a diverse portfolio of crypto assets and simply waiting is a great way to make money, especially if you have experience and a preference for the fixed-income market.
Despite ups and downs, on a yearly basis, the crypto and wider decentralized financial markets have an excellent compound annual growth rate — better than perhaps any other market.
So if you work on three- to five-year time horizons, the returns of a crypto portfolio could be extremely lucrative. You can also invest in a mix of safer cryptocurrencies and higher-risk tokens. There is a lot of room for innovation within cryptocurrency. Investing within this market is referred to as "HODLing" — holding on for dear life — due to the turbulent nature of cryptocurrency.
Continue reading: https://www.entrepreneur.com/money-finance/5-quick-ways-you-can-make-money-with-crypto/436489
