The emergence of digital technologies impacting every facet of life and how we operate as humans in 2022 has brought many exciting new investment opportunities. Gone are the days of traditional city banks in iconic historic buildings with protected vaults full of cash. Financial transactions are mainly carried out digitally these days. The digital space has paved the way for innovative modern approaches to investments to make life easier for individuals and organizations wanting to invest their money today successfully. Carry on reading to learn more about exciting investment opportunities in 2022.
High-Yield Online Savings Accounts
There are some clear advantages of online banking, including convenience, the freedom to access your account remotely online from where you are, and being able to transfer money digitally at any time without needing to provide cash. An example of a major advantage of online banking is that high-yield online savings accounts enable people to receive higher interest rates since they have lower overheads than bricks and mortar traditional banks.
Cryptocurrency
Cryptocurrency is a digital asset whose price is determined by supply and demand, and what a buyer is willing to pay. Crypto comprises a collection of binary data stored electronically on a digital database called a Blockchain. A blockchain stores data into blocks or ‘chunks’. Cryptocurrency is a decentralized currency and not regulated by a centralized financial institution like a traditional bank.
Examples of existing Cryptocurrencies that are popular with investors in 2022, include the following:
- Bitcoin
The most popular Cryptocurrency is Bitcoin, which is mined and therefore is finite. It’s useful to ask how does Bitcoin mining work, as this will give you a much better idea of what it all means. It’s a complex topic, but essentially Bitcoin mining is the process of solving complicated math problems and creating Bitcoin as a result. To pay someone else via bitcoin, you simply need to transfer Bitcoin from your digital wallet to theirs on an app or a website using the recipient’s unique bitcoin address. What’s more, some companies and even countries worldwide have begun to adopt Bitcoin as a widely accepted form of payment.
- Ethereum
Ethereum (Ether) is the second-largest Cryptocurrency on the market after Bitcoin, and it runs on a decentralised, open-source blockchain mechanism. Ethereum was created in July 2015 when it became the first programmable blockchain, and since then, its value has soared upwards. To learn more about what is the Ethereum blockchain and how this exciting modern investment opportunity works, check out this blog article on the subject.
NFTs (Non-Fungible Tokens)
NFTs stands for non-fungible tokens. NFTs often consist of digital drawings, art, and even music. NFTs serve as certificates of ownership for digital assets. Unlike a fungible financial asset such as a fifty-pound note, NFTs are sort of one-of-a-kind trading cards, and they cannot be replaced or replicated.
Deciding to Invest in Stocks in Big Tech Companies
Big Tech Companies have made huge financial gains through the internet and digital technologies explosion in recent years. Examples of the largest tech companies with the highest profit margins in the U.S include pioneering giants in the technology sector such as eBay, Amazon.com, Apple, Intel, Facebook, and Microsoft. Therefore, another bright investment idea in the modern day is to make the most of high-flying tech companies by investing in stocks in businesses in the NASDAQ-100 stock market index. Try and do your research and assess the current trends in the stock market. Which companies in the Nasdaq-100 index are making the largest profits in 2022 and leading the way?
So, with online banking, Cryptocurrency, NFTs, stocks, and so on, there are plenty of new exciting investment opportunities out there in 2022 that you can make the most of and explore. Get creative with thinking about ways to make profits in your investments in 2022.