Bitcoin may be the most well-known digital money, but there are already thousands of them.
Directly purchasing and storing one or more cryptocurrencies is a choice. You can choose from the most established digital currencies like Ethereum and Bitcoin to lesser-known coins that are newly issued in an initial coin offering (ICO).
You can invest in cryptocurrency-focused companies, including mining equipment manufacturers, cryptocurrency mining firms like Robinhood Markets Inc.
Instead of investing in a cryptocurrency-focused fund, you can choose to invest in an exchange-traded fund (ETF) or a cryptocurrency investment trust, for example
Investing in cryptocurrencies and taking advantage of individual retirement account (IRA) tax exemptions can be accomplished with a cryptocurrency Roth IRA.
Mining cryptocurrency or acting as a validator in a blockchain network may be the most direct way to invest in digital currencies.