Investing With Just Php 1,000? It’s Possible!

There are actually a lot of investment products in the Philippines that you can get into with just Php 1,000 of capital, and that includes cryptocurrency. You don’t need millions to start investing and earning big in crypto.

But Is Php 1,000 Enough to Invest in Crypto?

The short answer is yes. The two most popular cryptocurrencies nowadays are Bitcoin (BTC) and Ether (ETH, the cryptocurrency of the Ethereum network). They cost an estimated Php 2.8 million and Php 230,000, respectively, at the time of writing but you don’t actually have to shell out that much to invest. In fact, there are cryptocurrency exchanges like Maya Crypto that allow you to invest for only USD 1 or just Php 50.

There are also other cryptocurrencies, like Bitcoin Cash (BCH), Litecoin (LTC), and Tether (USDT). They’re not as big or as popular as Bitcoin or Ether, but they do have a lot of potential. As they get stronger and more widely accepted, you can expect their value to climb.

How Much Will My Php 1,000 Earn in Crypto?

Like any other investment, there isn’t any guarantee with regard to your earnings. The cryptocurrency market can be volatile (remember the price surge of Dogecoin when Elon Musk and Mark Cuban tweeted about it in April 2021?) so you can’t really peg down a specific value.

The key here is to do your research and ask for advice. Be wise, especially since there are more than 4,000 active cryptocurrencies and counting.

You should also keep in mind that all investments have an element of risk but that crypto has a very high risk-reward ratio. If you’re willing to risk your Php 1,000, there’s a possibility that it can be worth Php 1 million in the future!

Crypto involves a lot of risk but it can also be very, very rewarding. Invest now and watch how far your Php 1,000 can go.