That's one of the major strengths of Bitcoin in particular since broad-scale adoption is already underway. However, he also says there is 'a lot of exuberance out there' for things like Dogecoin, Ripple, and now the Shiba Inu Coin, and this means there are 'a lot of people with not much experience in the markets chasing the next hottest thing.'Īs a result, Pierce says he would urge investors to focus on, learn, and understand the technological promise and the implications of a decentralized financial system, versus just 'chasing into different meme coins.' Pierce points to the amount of money the government keeps printing and the movement towards more digital economies and decentralized workplaces as major reasons cryptocurrency continues growing in popularity. Bitcoin just so happens to be in the strongest position. Pierce told Insider it is 'absolutely not too late to invest in Bitcoin.'Ī lot of the conditions in the global economy have lined up favorably for cryptocurrencies, he said. Suffice to say he understands crypto markets. Rolling Stone recently referred to Brock Pierce as the 'Hippie King of Cryptocurrency,' but this Bitcoin billionaire is also the chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin. These do not represent the views of Economic Times)ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.Why it's not too late to invest in Bitcoin

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. The key is to align financial planning with individual circumstances and goals, ensuring a holistic approach to long-term financial well-being. However, it is important to note that planning finances is beneficial for every investor, irrespective of gender. Financial planning serves as a catalyst to dismantle barriers, enabling women to flourish as astute entrepreneurs within stringent parameters. The implementation of comprehensive financial planning is imperative for women investors to attain financial autonomy, bolster their fiscal security, and surmount entrepreneurial impediments. There is a lack of networking and guidance opportunities in the market.īy implementing financial planning strategies such as setting financial goals and aligning them with a budget, leveraging monetary reliefs and managing cash flow properly, women can better manage their finances and increase their chances of attaining monetary stability.Ī finely executed financial plan also assists in forecasting future expenses and revenues, which can be crucial in making sound business decisions. One of the most significant issues that women encounter is a lack of financial and social assistance they lack adequate access to finances and credit-lending facilities and are often unaware of the many financing options accessible to them. By implementing these techniques, financial planning equips women with the means to bridge the retirement savings gap, ensuring a more financially resilient future.īreaking barriers of entrepreneurship by overcoming financial worriesĪs per the Ministry of Statistics and Programme Implementation's sixth economic census, women account for just 13.76 percent of total entrepreneurs in India.įinancial planning can play a significant role in enabling entrepreneurship, especially for women investors who often face unique financial challenges when starting a business. It encompasses strategies to maximize retirement savings through methods like consistent contributions to retirement accounts, investing in SIPs or PPFs, and tax optimization.Īdditionally, it delves into alternative retirement income sources, such as annuities, and passive income streams, to bolster financial security during post-work years. However, financial planning offers fine solutions to mitigate this gap.

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