Judging by what you said, if you want to diversify your investment, which means you have already invested in some other asset already but now you are looking at another type of asset to invest on. Depending on what you have invested on first, if it's a volatile asset like Bitcoin, then you can consider investing in a less volatile asset, such as building a hotel.
To build a hotel will require you lot of money before you can furnish is to a top rank standards and what will determine the profit you can generate in that hotel is the area it is situated. If it's in a good location, you can sure make thousands of dollars every month, which you can still reinvest your profit into Bitcoin.
Building a hotel? I'm not interested in doing it, but I can still consider other options with relatively low budget requirements. The property business makes sense to consider considering the increasing needs and demand. There are many rich people in my area who buy residential houses in several places which they then rent out to residents, others buy or build shops for the same plan.To build a hotel will require you lot of money before you can furnish is to a top rank standards and what will determine the profit you can generate in that hotel is the area it is situated. If it's in a good location, you can sure make thousands of dollars every month, which you can still reinvest your profit into Bitcoin.
The idea of investing in property is popular lately and has targeted young people who have money. There are many people interested in this investment, but of course not everyone likes it. If I had to choose, I tend to want to invest in gold, including building a jewelry store business and developing it sustainably.
First, it depends on the areas where you site your hotel, shops or house for renting. If you are sited in a very developed urban area, you will see your land properties appreciating very well.
Talking about hotel, it requires you a lot of money to furnish the place but it is usually very profitable in good location. There's one of my uncle who is an auditor to a hotel that is 30 minute drive away from my residential address, last time I talked with my uncle concerning his work, he told me that they don't make less that $5k everyday in that hotel. I also talked with one of my friend who once worked in a hotel and he told me that the business is very profitable, it only requires a lot of money to furnish a hotel. Currently, I don't have money to invest into hotel business, but if I raise a lot of money, I can not hesitate to have my own hotel.
