A 38-year-old crypto investor who never has to work again says she sees the crypto crash as an opportunity

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Get the Insider App A personalized feed, summary mode, and ad-free experience.Download the app Close icon Two crossed lines that form an ‘X’.It indicates a way to close an interaction, or dismiss a notification. Elisa Spiess is the founder of crypto advisory firm “Femme Capital.” She spoke about whether you should invest in bitcoin now…

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Elisa Spiess is the founder of crypto advisory firm “Femme Capital.” She spoke about whether you should invest in bitcoin now and a more exciting blockchain platform.Her advice to investors is to only invest in coins or tokens that have a meaningful use.Get the inside scoop on what traders are talking about — delivered daily to your inbox.Loading Something is loading.

Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy .A few years ago, Elisa Spiess was at a crypto conference in New York.There, she saw “one 20-something after another” getting out of Lamborghinis, she told us.

Not a single woman pulled up in a luxury car, she said.

“That was the moment when I thought: Something really has to change,” she added.

Spiess recognized that the crypto scene is dominated by men even before this event, she explained in an interview with Insider.

She said her former roommate in Berlin told her about Bitcoin and other cryptocurrencies in 2012, well before the hype.

She was thrilled and began to look into the topic.

At the time, it was almost exclusively men who invested, said the 38-year-old: “Women unfortunately didn’t dare.”

Spiess dared, however, and with success.

“I managed to become financially free,” she said.

Anyone who invested in Bitcoin five years ago, for example, is likely to enjoy a return of almost 3,300% today, in spite of the recent price crash.

Spiess didn’t want to reveal exactly how much she has in her account, but it’s so much that Spiess can choose what she wants to do for a living, she said.”Fortunately, I have no financial constraints.”

“For me, crypto was and is a gamechanger” She founded her company “Femme Capital” in mid-2019.

The company is aimed at women and aims to teach them how to use crypto, what blockchain is, and how Bitcoin and Ethereum work.

“I wouldn’t describe myself as a crypto missionary, that has an unpleasant connotation,” Spiess said.She sees herself more as a “door opener” into the crypto world.

As the child of a single mother, she learned early on the importance of taking care of financial issues herself, Spiess said.Women need to take more responsibility for their finances in order to live “as self-determined a life as possible,” she said.

“For me, crypto was and is a gamechanger, and that’s why my goal is to help women get started in this industry,” she added.

“Many investors are panicking now” Spiess also spoke about the recent bitcoin crashes.

“I don’t think you should read too much into it.” As with other forms of investment, the long-term view is crucial here, she said.

“It’s a bit scary how hardened I am by now,” she went on.

The 38-year-old sees the current situation as a good opportunity to get a “bargain.”

“The current crypto crashes should be seen as an opportunity and taken advantage of if possible,” said Spiess.

“Many investors who went into it uninformed are now panicking, checking their portfolios every day, and then eventually selling out of fear,” she said.

That reinforces the downward trend.

But events in the “real world” also have an impact on the crypto market, she said.

“Last year, the prices exploded so much that many people just want to realize profits at some point and then sell.”

More and more institutional investors are coming into the market, Spiess said.And they provide a “certain amount” of stability, she added.

“These are investing for the long term and not gambling,” she explained.

As a result, she’s sure that price fluctuations will decrease in the future.

Solana has “much more potential” According to Spiess, it’s far from too late to invest in crypto.In her opinion, things are just getting started, but no one can say where bitcoin will be in a year.

“Anyone who claims to know that is, in my opinion, untrustworthy,” Spiess said.

Still, she’s convinced that bitcoin will be very successful for “quite a while” in the long run.

But that’s not all.There are other, much more exciting projects like the blockchain platform Solana, she explained.

“In my eyes, Solana has much more potential.”

Her advice to investors is to only invest in coins or tokens that have a meaningful use.In other words, no fun coins like the Shiba Inu Coin.This is the only way to invest sensibly in the long term, said the crypto expert.

If you invest in digital assets that you don’t understand, then it’s “just gambling,” Spiess said.”You might as well go to the casino.”

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