Have you missed the Bitcoin Bus? Fret not, you are not alone. Like you, there are millions all over the world who are now regretting why they couldn’t invest and buy a couple of Bitcoins when it was at three thousand dollars in March 2020!
The sad news is that unfortunately investing in Bitcoins now at this rate ($28K) is similar to buying a new house. Meaning, it is beyond the reach of a majority of us.
The good news is that apart from Bitcoins, there are five related investments, which appear to be as promising as Bitcoins!
So, if you are ruing at your chances of missing out on Bitcoins, here are five areas, which should hold your attention immediately.
List of 5 Other Bitcoin Related Investment Opportunities in 2021
1. Blockchain Start-ups
All of us have a faint idea about Blockchain as the network system, which processes Bitcoin payments. Some of us also know it as a distributed and decentralized ledger maintaining a record of Bitcoin transactions. However, Blockchain is in itself a standalone star!
It can be used to run multiple operations and process payments, data, information, and secrets across different industries, ranging from medical to legal. If you want to invest, you should try picking up a stake in start-ups experimenting with Blockchain technologies.
Every other cryptocurrency apart from Bitcoin can be termed as an Altcoin or Alternative Coin. The list is endless- Bitcoin Cash, XRP, Ethereum, Litecoin, Dogecoin (wink Elon Musk…), etc. If Bitcoin is too expensive, the next best thing to pick up is Altcoins.
However, here too, you will have to do your due diligence and pick Altcoins, which show promise and growth. Unlike Bitcoins, Altcoins are affordable but can have immense growth potential once Bitcoin starts getting scarcer and rarer.
For people reading about cryptocurrencies for the first time, it is important you know the difference between Altcoins and Stablecoins. Stablecoins are digital currencies, which are backed by some physical value. This helps them neutralize the fluctuations associated with cryptocurrencies.
The year 2021 is going to see a number of tech giants experiment with Stablecoins. The most notable one being Facebook’s rebadged, Diem (earlier it was Libra). The governmental opposition to Stablecoins is supposed to be lesser than to cryptocurrencies like Bitcoins.
4. Digital Wallets and Storage Start-ups-
According to financial experts, the popularity of Bitcoin and cryptocurrencies has contributed to flourishing support and ancillary industry. You need digital wallets to store your Bitcoin private keys before you start investing, buying, or selling in Bitcoins.
This means that a number of tech start-ups are now turning to the creation of digital storage for Bitcoins. Increased security on the back of higher rates of cybercrimes means that this industry is likely to flourish in the next couple of years.
5. Bitcoin Blogs and Magazines-
As a smart investor, you need to understand that once an object rises in popularity, it pulls the supporting systems with it. If you are someone who has a couple of thousands to invest, why not do it on a high-authority Crypto Blog or a Magazine?
They want to read about it, listen to webinars, and hear podcasts. If you can invest in a decent and upcoming blog or a magazine, with the crypto niche, you are looking at great returns in the future.
The Final Word
According to trading software, Bitcoin is going to scale new heights in the next few years. Most of the above-mentioned five industries too are going to experience sizable gains from the trickle-down effect. This means that investors who feel that they have missed the bus on Bitcoin can look at these five options and pick the ones, which they feel are best suited to them.
HussaiN is a full-time professional blogger from India. He is passionate about content writing, Tech enthusiast & computer technologies. Apart from content writing on the internet, he likes reading various tech magazines and several other blogs on the internet.