This video covers a beginner’s guide to investing in cryptocurrency in 2022, along with how you can build wealth long-term using proven strategies.
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How can you make money with crypto in 2022?
With its limited 21 million cap, Bitcoin’s increasing demand has turned it into, hands down, one of the best performing asset classes to simply and hold over the past couple of years, with returns of 87% in 2019, 302% in 2020, and 60% in 2021.
1. CRYPTO MINING
The first way to make money with crypto is where you’re utilizing the power of strong graphics cards or other purpose-built computers to work at building the blockchain for the crypto you’re mining and/or validating transactions on the network. Miners are rewarded for doing. That being said, the profitability of Ethereum mining has greatly dropped over time.
2. BUY & HOLD AS A STORE OF WEALTH
A good strategy in regards to investing in crypto, to actually be a hedge against inflation is to consistently buy into the top coins, being Bitcoin and Ethereum, which have led the majority of all crypto gains over the past 3 years. Just like how I routinely recommend consistently buying into market Index Funds in regards to stock market investing, the same applies to crypto investing for the average retail investor, considering that you’re just looking to gain exposure to this asset class long-term.
3. CRYPTO ETFs
I personally don’t use crypto ETFs because I prefer having full control over my crypto holdings, although they can make sense depending on your preference and strategy.
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#CRYPTO #INVESTING #CRYPTOCURRENCIES
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