From Nasdaq:

Cryptocurrency, led by Bitcoin since 2009, now offers over 9,000 options. Investing in crypto has become more accessible to average investors, with potential profitability. Cryptocurrency is digital, decentralized, and uses blockchain technology to verify transactions, though the market is volatile and risk of loss exists.

In 2024, the SEC approved Bitcoin ETFs, allowing investors to buy shares backed by physical holdings of the cryptocurrency. Trading crypto ETFs in brokerage accounts is now possible. Coinbase is a common crypto exchange for buying and selling cryptocurrencies like Bitcoin and Dogecoin.

For those hesitant to invest in a single cryptocurrency, cryptocurrency ETFs provide diversification. Funds like ProShares Bitcoin & Ether Market Cap Weight Strategy ETF and Global X Blockchain ETF offer exposure to multiple cryptocurrencies and exchange companies. Building wealth with cryptocurrency in 2024 is now as easy as buying stocks and managing investments with the same principles.

Investing in crypto to build wealth involves understanding what you are buying, being patient, doing your homework, and staying rational. These principles apply to both the stock market and cryptocurrency investing in 2024 and beyond.



Read more at Nasdaq: A Beginners Guide to Cryptocurrency Wealth Building in 2024