While there have been plenty of horror stories about investments gone wrong in cryptocurrencies, all it took for Nikki Beesetti to fund her entire second semester in college was the purchase of a single Bitcoin.
Beesetti told Fox Business that she bought one Bitcoin worth $2,000 in 2017. By the end of the year, the value of her Bitcoin had grown to $19,000.
Beesetti shared that she also invested in other cryptocurrencies, such as Ethereum. When asked why she did this, Beesetti responded that she was a passionate supporter of alternative currencies.
“I am definitely a great believer in cryptocurrency. When I was in college, I was studying electrical engineering and at the time, I saw bitcoin being a computer science and engineering breakthrough, and I knew I really wanted to be part of something like that,” she revealed.
Beesetti added that to succeed in investing, no single asset class should hold more than 20 percent of a person’s net worth. She also has investments in exchange-traded funds and Big Tech stocks.
While she is a big believer in crypto, Beesetti believes that the price of bitcoin may be too high for new investors.
“I would recommend looking at a few alternative cryptocurrencies like ethereum, litecoin and so forth because those could be a good way to get entry into the cryptocurrency market,” she explained.
Nikki Beesetti invested $2000 in #bitcoin in 2017 and had $19,000 by the end of that year! She says she’s still a big believer in #cryptocurrency. #stocks #investing #VarneyCo
Posted by Varney & Co. on Thursday, January 21, 2021
Financial Freedom in Crypto
Since paying for her college tuition, Beesetti has also managed to pay for the loan on her $35,000 Tesla Model 3. She has a day job as a product manager, but also invests on the side and blogs about finance. Her hope is to help other millennial women get rich and find financial freedom in cryptocurrency the way she has.
In one of her blog posts titled “The Truth About Bitcoin,” Beesetti tackles multiple myths and misconceptions about the cryptocurrency and encourages her readers to conduct their own research and to be mindful of their own local cryptocurrency laws before investing in them.
Beesetti is also running a course on strategically investing in bitcoin.