I love Britney Spears. As I get older, the image of her shaving her head and screaming ‘leave me alone’ resonates with me more and more. She was clearly not in a good place, and to her credit, she got the help that she needed.
Due to her mental health, she was placed in a conservatorship, with her father having significant control over her life – not just her finances and career – even her body!
Britney herself acknowledges that she needs some support, but that she doesn’t want her father to have so much control. As of earlier this year, it seems she might get her wish, with her father agreeing to step down.
What does that have to do with crypto?
It appears that Britney has been using bitcoin since 2014 for small purchases (presumably to have some degree of control/privacy away from her father’s control).
Financial abuse is unfortunately a relatively common form of abuse, and can sneak into relationships without the victim noticing. In some cases women can’t afford to leave an abusive partner because of their financial situation. Whether it be that everything is in joint accounts, or that their partner literally controls all their finances, it can make it impossible for women to make a break from the relationship.
Crypto investments, a bit at a time, might allow women to build up a store of wealth away from their partner’s grasp. Or just something for a rainy day.
The crypto gender gap
It seems nearly twice as many men invest in crypto compared to women. I personally don’t find that surprising, but I do find it disappointing.
Hardly any of the women I speak to have bought anything in crypto (and to be honest, look at me a little weird when I even mention it). I think they picture this:
When in reality, it’s more like this:
Unrelated, but important – I love her ceramics!
Again, I’m not telling you to buy a particular crypto, but I do personally believe that it is an emerging market that it’s worth looking into.
It’s still so early and the ups and downs are not for the faint-hearted, but throwing some money in now might end up being a great investment in a few years’ time (or it might not – so never invest with money you don’t have to spare!).
Personally, I don’t think I’ll do anything with crypto I’ve bought – it’ll be something that I can use for my kids when they grow up.
Time in the market – not timing the market
Trying to predict crypto is worse than trying to predict the weather (though I didn’t do too badly with my rise & fall of prices when El Salvador bet on bitcoin). Bitcoin has huge swings, and many of the alt-coins seem to follow suit.
If you can’t afford to lose the money, don’t put it in crypto. If you can spare some cash, and want to diversify your finances, check it out.
It doesn’t have to be a ton of money, and it doesn’t have to be all at once. Dollar Cost Averaging (or DCA for the cool kids) is a great way to get started.
Next steps
Find out how to buy bitcoin in Australia
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