Women who become millionaires thanks to virtual money

AMERICAN Rachel Siegel used to be a substitute teacher in New York with a rough life but is now a millionaire and a much-followed content creator.

“This transformation happened during the years I sat in front of the computer in my pajamas, spending a lot of time researching about cryptocurrencies,” she said.

According to a 2021 study by brokerage firm eToro, women make up only 15% of Bitcoin investors, but the number is growing. Even Oscar-winning actress Reese Witherspoon revealed she is making money from this form, during a TV show in early September.

Lea Thompson, whose nickname Girl Gone Crypto , has invested since 2011. "I've hit results in record price rise in 2017," she said, referring to time virtual currency increased 21 times compared to the beginning of the year . "The amount of Bitcoin I bought has increased to $20,000," added the girl from Seattle.

But investing in cryptocurrencies carries high risks. Along with successful people, there are also many broken-hearted people. The few get-rich-quick exceptions are selling their dreams of getting rich by showing off luxury cars, luxury vacations and giant mansions. They share tips on YouTube and social networking sites. However, this group is mostly male.

Rachel Siegel (left) and Lea Thompson are investing in cryptocurrencies. Photo: Vice

Wendy O in Puerto Rico made her first million dollars and is now safe at home as a full-time homemaker.

Wendy grew up very poor and lost her father at the age of 11. The woman used to work as a healthcare worker for people with HIV/AIDS, started investing in 2017, when her daughter was one year old. Initially, she planned to enter the stock sector but did not have enough money, so she chose to invest in cryptocurrencies. By the end of that year, she had about 1,000 Bitcoins.

In the UK, Sara Trojanowska believes there is a difference between how men and women invest. There are stereotypes online that "men are stronger, confident, take risks and enjoy more results than women". But Sara sees the opposite: "I think women are better at investing. They spend time analyzing the market and not being emotional," she said.

She invested in 2017, after watching her boyfriend play and splash money without fully understanding the market. Reality proves that investing in Bitcoin is a gradual process of accumulating experience. Sara invests according to her reason. Now the girl is financially free. Her next goal is to become a millionaire by the age of 30. "I'm on track to hit that goal," she said.

According to 2017 data from financial services firm Fidelity Investments, women are indeed good investors. In sifting through more than 8 million investment accounts, Fidelity found that women not only save 0.4% more than men, but their investments also earn 0.4% more per year than men. .

Even so, women playing cryptocurrencies are still discriminated against . Rachel Siegel has been ridiculed on social media. Wendy O is called stupid by men every time she posts content. "But now my skin is thicker and it's starting to respond," she said.

Women like Wendy and Rachel don't use their Bitcoins to buy Lamborghini or Bugatti cars, but enjoy financial freedom. They say the real joy is never having to check a bank account again.

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