why cryptocurrency is a good investment

5 Reasons Why Cryptocurrency Is A Good Investment For Women

Elena Hudgens
By Elena Hudgens 5 Min Read

Cryptocurrency is a good investment for women because it’s not only a high-growth investment, but also a profitable one, it offers security and most importantly it is empowering. Cryptocurrencies are digital currencies that are encrypted using cryptography, which is used to secure the transactions and to control the creation of additional units of the currency.

Cryptocurrency is a high-growth investment

Cryptocurrency is growing rapidly as it is the new gold standard of money. Cryptocurrency is experiencing growth at an exponential rate, many experts are even expecting Bitcoin to rise to be as much as 500-times more in value over the next decade. For a start, there are over 500 different cryptocurrencies in circulation. As of December 2020, Bitcoin was only the 5th most valuable cryptocurrency, and there are many others that are valued in the thousands.

Cryptocurrency is completely digital and therefore secure, thus you know your money is being kept away from hackers and the government and you can purchase cryptocurrency without any form of interference. Unlike traditional currencies, you don’t have to worry about laws regarding money transfers or transactions.

Cryptocurrency is a profitable investment

Cryptocurrency investment is highly profitable because it can generate an annual income of $25,000 on average, according to Forbes. In 2017, during its Initial Coin Offering, Block.one’s digital currency, the EOS coin, was offered for a maximum of $15 billion and raised about $350 million. This shows that a company was willing to invest in the digital currency and reap the benefits in the future, without a risk. 

Cryptocurrency is also highly scalable, meaning the more customers are buying the currency, the more investors are willing to invest. Block.one, the company behind EOS coin, manages to provide this scalability because their goal was to help the Internet of things (IoT) become a reality.

Cryptocurrency offers security

Security comes first in any financial investments and when it comes to cryptocurrencies, it’s even more important. The fact that cryptocurrency is encrypted makes the entire process secure from hacking and other forms of fraud. There is little or no risk of losing your initial investment. Cryptocurrencies are profitable unlike some other types of investment which may bring you mediocre returns and they are a profitable investment option for women because it has huge growth potential. For example, Bitcoin has soared from $20,000 to $10,000 this year. If you had invested in Bitcoin at $20,000, you would have been sitting on a whopping return of 1,308%.

Cryptocurrency is empowering

Cryptocurrency is a whole new financial world and women have the opportunity to be early adopters and leaders in this space. Cryptocurrency is a great way for women to have more control over their finances and feel empowered about making their own financial decisions.

I know most of the women are told that only a man can run a business, while they are being advised not to do so. And even when they are offered an opportunity to do business they are not encouraged to do so because they are viewed as inferior human beings who will never be able to do anything in life.

But if you look at cryptocurrency investing you will see that a significant proportion of people who invest in this kind of currency are women. The latest information indicates that at present, only about 23% of the active users of cryptocurrency are women and this figure is expected to grow significantly. Interestingly, some of the fastest growing cryptocurrency sites are also run by women. 

Conclusion

Although I am always hesitant about putting my money in anything with questionable reputations, cryptocurrencies are still making a major comeback in 2020. If you haven’t gotten into crypto yet, the above reasons should be enough to tell you why investing in cryptocurrencies might be a smart decision for you. 

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Posted by Elena Hudgens
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Elena Hudgens is an entrepreneur with 10+ years of experience. She started her journey by building her own e-commerce website on Shopify and turned her $1000 savings to millions in just 2 years. Soon she started different ventures in which she failed and succeeded. And now, she's on a mission to help other entrepreneurs with her life and business lessons.
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