Investment Trends You Need to Know Now
COVID-19 continues to change the world. In most cases, it has caused problems to business and social institutions across the globe. In the field of investment and economics, this pandemic meant that there are certain industries about to boom in the coming months.
1. Cryptocurrency
Cryptocurrencies like Bitcoin, Ethereum, and XRP all had broken their all-time high records in 2021. It has brought a lot of money to thousands if not millions of investors all over the world. By the end of the year, some of these currencies will continue to skyrocket and beat their previous records.
To earn money from this type of investment, do your own research and put your money on companies that you think are sustainable. Take note that these currencies are made for specific purposes. Bet on companies that you think will likely last for a long time.
2. Artificial intelligence
Artificial intelligence or AI could be one of the most advanced technological innovations in this century. AI is when machines and technology simulate how human thinks, processes information, and makes decisions based on rational thinking, but faster and more efficient.
Most tech companies are dipping their toes into AI. The AI market is set to earn worldwide revenues worth $327.5 billion by this year. You might have even been exposed to AI technologies without knowing it. Your smartphones and smart appliances have AI-like functionalities.
3. Space travels
2021 has also seen a lot of progress when it comes to commercial space travel. Some of the companies that have made a significant mark in the industry are Virgin Galactic, SpaceX, and Blur Origin. You can invest in these companies as they are opening a new market that has never existed before.
Investing in this industry meant that you will be one of the first people to put in their money in this endeavor. Aside from financial return, investing in firms doing space exploration meant that you support advancing an important scientific field.
4. Electric vehicles
Vehicle companies known for traditional, gas-powered modes of transportation such as Volvo, Audi, and Jaguar among others, are increasing their electric vehicles (EV) portfolio. They are responding to the industry transformation set by game-changing companies like Tesla.
According to the International Energy Agency (IEA), 145 million EVs are predicted to be used by 2030. This is a thousand percent increase from EV uses today. The meteoric rise of EVs entails not just the boom of the auto industry, but also of other companies that have goods and services that are used by the EVs such as navigation systems and artificial intelligence.
5. Blockchain
Beyond cryptocurrencies, blockchain technology can be used for a wide array of purposes. Blockchain uses blocks of information that are strung together and can be accessed by multiple users. These blocks of information cannot be edited or corrupted, which makes blockchain a good system for secured transactions.
Big businesses are looking into using blockchain to manage logistics and supply chains. The technology can also be used for securing personal identity and for managing small business affairs like blogging and content creation.