Investing in 2023 isn't as it was 20 years ago when real estate, agriculture, bonds etc were the most popular forms of investment. Now there's a thing called crypto and most folks particular those of the younger generation who decide to begin investing would rather invest in this thing called crypto than the traditional investments regardless of the extreme risk and volatility involved. So why is that?
I used to be a big fan of traditional investments particularly real estate a couple years back till I saw how massive the returns on crypto investments could be. But the most common reason why the average 20 year old today would prefer investing in crypto than other traditional investments is that you don't need so much to start investing in cryptos and matter how small your investments is in crypto, you could get some crazy returns off it. For example, a person who earns so little and all they could invest is $20 per week, they obviously can't really go into real estate and some other traditional investments with that money, and even if they do, the returns on that investment would be so little if at all there's a return. But investing the same $20 a week could yield massive profits in the crypto space in just a short while mostly because of the volatility in the space.
Yes, cryptos are very risk and are considered the most risky forms of investments right now, but then, there are levels to this risk as investing in cryptos like Bitcoin and Ethereum has much less risks than investments in a token called BabyDoge. In a world where most people have developed the mindset of taking calculated risk and are determined to doing whatever it takes to gain financial freedom, going all out on cryptos seems to be the surest but riskiest path to getting rich right now.
Of course, traditional investments are still as important as they were years ago and I personally think they are much more important in the world we live in today (especially agriculture and real estate), but these forms of investments need some really good funds to actually make an impact and they take quite alot of time, work, commitment and dedication before any profit is made.
