Right now, it’s almost impossible to look over a news site or report without hearing some information or opinion on cryptocurrencies.
You only have to look at the likes of CNBC reporting that Ukraine is using it as a means of helping the country’s economy through its current difficult time. At the same time, on the other side of the virtual coin, others aren’t so sure about its viability. Time magazine isn’t so hot on crypto; they cover how some people have lost money after faith in digital currency.
As you can see, it’s a divisive subject; however, it’s something that isn’t going to go away quickly, so it’s easy to see why so many people are looking to invest. However, if you’re not sure of committing to crypto directly, did you know there are ways of investing in crypto without holding it?
Let’s look at some of those options in our list below.
Investing in the companies who hold crypto
Think of the companies as a go-between, as some of the world’s biggest companies have holdings in crypto. Their money is counting on crypto; they’re looking at investment gains from their digital assets. Tesla is one of the most prominent investors in the currency, so that you could consider a stake in the company. If they gain success in crypto, it will likely raise their overall company value. The probable outcome would be a positive influence on the company’s share price, and if you’ve got an investment in the company, then, well, everyone’s a winner!
Investment in digital assets
Recently, there has been a rise in the number of people buying digital assets linked to cryptocurrencies due to how they’re stored using the same blockchain technology. Some of the most prominent examples have been Socios fan tokens; although you need a small amount of crypto to purchase these, the value beyond that isn’t tied to the currency, reducing the risk.
Also, there have been huge revenues raised from NFTs; these are defined mainly as unique pieces of digital art, with some selling for hundreds of thousands of dollars. Sporting clubs are selling out of fan tokens, and some of the unique NFTs are in very small supply, meaning the most prominent is in the greatest demand, which has seen values raised by as much as 130%
Investment in infrastructure
Like investing in the companies that hold crypto, another consideration is putting your money into the infrastructure rather than the product. If you’re not sure what that means, consider it this way, think of putting your money into gold mining rather than the gold itself. A host of companies help others build infrastructure to mine crypto.
As digital currencies continue to develop, the interest and investment in these crypto-adjacent companies continue to grow. There you have it, our look at how you can invest in crypto without having it in your portfolio. If you liked our alternative look at investments, and are always looking to find alternative ways to get the most value out of things such as Netflix or Amazon Prime, then stay with us here at Tricksnation.