Of course, looking at the financial markets and the low interest rates that dominate the world’s economies, a trend that perhaps hit a low point when Japan actually entered a period of having negative interest rates, many investors have been left wondering if they need to take bigger risks in order to maximize their savings, especially if they are retired or are about to retire and find themselves worried about how best to make a living off the money they previously thought would happily and safely be sitting in the bank making money.
Looking to "Digital Gold" As an Option
Perhaps the answer lies in the actions of one representative, almost mythical group of investors: the Mrs Watanabe group. This is the name given to a subset of Japanese housewives in charge of managing their family household income to ensure solid yet secure returns in investment. This group have become largely fed up with the returns they are getting with traditional investment and have turned to cryptocurrency Bitcoin, otherwise known as digital gold.
The interest of Mrs Watanabe in Bitcoin proves that the world’s first cryptocurrency has defied those who viewed it as a fad. In fact, Japan has finally accepted it is a legitimate currency, which is proof of the power that Mrs Watanabe have in dictating what is perceived as acceptable in the world of finance.
"Nobody gets me Bitcoins!" by Zach Copley (CC BY-SA 2.0)
Indeed, as the desire to improve savings returns increases and the global political situation continues to be volatile, the only real question that seems to be left to answer when it comes to looking at Bitcoin is how exactly to invest in them.
Looking to The Forex Market
Actually owning a supply of Bitcoin is, of course, one way to do it, but another way is to look at speculating on the value of Bitcoin by investing in the Forex market. This allows individuals to speculate on the relative value of currencies and whether they are going to be worth more or less over time. As with any investment where you’re not just leaving your money alone to accrue interest but want to make it work hard for you, there is a risk in this. However, as a way into Bitcoin and in an effort to boost your returns, the world of forex is an accessible one to enter, a fact evidenced by the range of forex offers here, which tempt everyday investors to get more and more involved, like tempting deposit bonuses. By taking advantage of such bonuses, traders can try out different platforms and providers to find the one that suits them.
Investing in Bitcoin using Forex is now an easy way to look at getting into a currency that was simply seen as a fad when it was first launched, so perhaps the question is: can other ways of investing now come to the fore to help savers who have found themselves bereft of other, more traditional ways to turn their pots of money into bigger pots?
