The cryptocurrency market is still in its infancy, but the future looks bright. As with any young industry, there are plenty of risks involved, but that doesn’t mean there isn’t a place for you as an investor and financial analyst.
If you have a passion for finance and are willing to take some risks, the world of cryptocurrency could be your perfect opportunity. A finance major can open up numerous opportunities in this field, so let’s take a look at how you can use your finance degree to invest in blockchain and begin working towards a successful career in crypto.
What is Cryptocurrency?
Cryptocurrency is a form of digital money that is created and held electronically. It uses cryptography to keep transactions secure and hidden, as well as to control the creation of new units of the currency. It uses blockchain technology, which is a decentralized ledger that records all transactions.
Crypto is popular because it allows for fast, private payments, and is less susceptible to fraud than traditional payment methods. At the time of writing, the most well-known cryptocurrencies are Bitcoin, Ethereum, Ripple and Bitcoin Cash.
Use Your Financial Expertise to Find Great Investments
As a finance major, you have the unique ability to analyze companies and quickly spot great investments.
These skills can easily be applied to the crypto world and can help you find the next big gem.
By analyzing the top cryptocurrencies and their underlying technology, you can easily spot where the next big investments will come from.
There are plenty of ways to begin researching cryptocurrency, including joining a crypto forum where you can discuss investment strategies with experienced individuals, researching a coin’s technology, and analyzing its price history.
Become an Advisory Analyst for a Crypto Firm
Another way to use your finance degree in the crypto industry is by becoming an advisory analyst, which is a job that gives professional advice on clients, such as the importance of corporate owned life insurance Canada.
Instead of investing your own money, you can work for a company that advises clients on how to best invest in the crypto field.
These firms often deal with initial coin offerings (ICOs), which are a great way for blockchain companies to raise money. A crypto firm can help ICOs with everything from marketing to financial planning, and as an advisory analyst, you can make sure that their financial aspects are sound.