Hello!
How are you doing? I hope all is well with you and yours. According to CMC, the total crypto market cap is at about $1.7 trillion. But sometimes, it helps to zoom out.
Here’s the total crypto market cap chart since 2013. I believe we’re just getting started, but this is only my opinion. Other people with more insight, more skill, and better connections know more than I do. For example, perhaps Raoul Paul. In Jan of 2022, he said there’s a chance the crypto market could increase 100x by 2030.
Obviously, there’s also a chance that it will not. There are factors at play that will affect the market. Crypto will continue to be volatile. You should not invest more than you can afford to lose. Nobody wants to lose money, but you can’t win if you don’t play. That 20 bucks a week you’re spending on coffee, booze, lottery tickets, or fast food could be put towards crypto. There are tokens on many exchanges that offer a return.
Other options:
You can buy tokens and run a node, which can earn rewards.
You can trade for profit, or if you’re patient, you can buy, stack and hold until the time is right to sell.
No matter what you do, you should be doing research. Read as much as you can. Coinbase and other platforms even offer rewards for learning about crypto. You watch videos, take quizzes, and earn crypto.
The world is coming around to #crypto. It is part of the Fourth Industrial Revolution. I always hear about people getting off the grid, disconnecting, refusing to take part in technology, scoffing at social media, believing that cash is king. That’s all fine and dandy. I believe there is much more to life than all of this—the money, the accumulation of things, the digitization of our lives. I understand the importance of hiking in the woods. Fishing a stream. Boardgames with the family. Disconnecting. Finding solace in a book.
But I also know that it’s important to move in and out of worlds, structures, expectations, roles, and experiences as necessary to facilitate the best chances for survival. For me, crypto is the way forward for success. I didn’t invest in crypto to get rich quick. I invested to build wealth that lasts. It has not been an easy road. I’ve made mistakes. My portfolio has taken hits—big ones—but over time I have learned to balance and adjust as necessary so that even when the market is down, I’m confident. And overall, the growth of my crypto portfolio is far greater than my losses. What’s kept me grounded and determined is family. Every day I wake, I know that my work in crypto is for them. I want them to be safe, comfortable, and have opportunities to better themselves and help others. We’ll never live a flashy lifestyle. That’s not us. Will we have quality goods that make life more comfortable and have fun? Sure. But more important is financial freedom. Not having to struggle to make ends meet, not juggling debt to cover more debt, not owing anyone anything.
Can you build wealth in other ways? Yep. People do it every day. Stocks, real estate, 401k. And there’s nothing quite like earning that 0.01% APY on a bank savings account…Right?
In any case, this is not financial advice. You do you. As for me, time to do some research and buy more crypto!
Take care of one another out there and make good decisions.
~ @cryptokj2
(NOTE: I am not paid to write. I own crypto and simply share information and my personal experiences.)
Links for exploration:
https://www.bankrate.com/banking/savings/average-savings-interest-rates/
https://www.bankrate.com/calculators/savings/simple-savings-calculator.aspx
https://smartasset.com/checking-account/average-savings-account-interest