I have $1,000 in my bank account. Should I Invest In Marijuana, Cryptocurrency, Or Psychedelics?

Diversifying your portfolio is generally a good idea, but what if you only have $1000 to invest in one?

While some advise investors to play it safe, others urge them to pursue more riskier but possibly lucrative investment ideas, such as bitcoin, psychedelics, and cannabis.

Which of these three is more appealing to today’s market?

With every market showing promise, crypto and cannabis have the upper hand.

In the unscientific polls done by this writer, each industry garnered support. According to a LinkedIn study conducted in October, 40% of respondents chose cannabis. Psychedelics garnered 22% of the vote, while cryptocurrency received 38%.

It’s worth noting that the majority of LinkedIn responders were from the cannabis business.

According to Benzinga’s traffic, a large portion of the audience is interested in learning more about cryptocurrency. All things Elon Musk, Dogecoin DOGE, and Shiba Inus are generating a lot of buzz. Other subjects of attention as of early November include developing assets like Floki Inu (CRYPTO: FLOKI) and well-known names like Ethereum ETH.