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Having a wide variety in investment strategy and diversity in crypto portfolio is always a good idea; especially along with traditional investment
Looking at the hype around cryptocurrencies while witnessing their price surge individuals who see crypto from somewhat distant and wish to enter the space. Such instances created many times, for example the price surge of bitcoin when it attained its all time high of above $69,000 on 9th November, 2021. These instances are enough to create a FOMO, a fear of missing out when non crypto investors see some crypto investors are earning in high volume. However it’s currently been trading around $40,556, which is still more than five times of what it was in March 2022.
However, the challenge doesn’t stop there. Apart from this FOMO if someone tries to go along following his intuition then a lot of confusion is also waiting outside. Like looking at the actions of what financial authorities think of digital assets could make anyone think that cryptocurrencies might not be their piece of cake or whether they should not add them in their portfolio or which crypto should be added in their crypto portfolio?
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Even after facing such situations, there is a suitable amount of steely investors who buy and sell these assets being tempted by this. Look at the recent survey of Bitwise ETF Trends who interviewed the financial advisers who got hired by several long term investors and have said that about 16 percent of them have allocated their clients amount in the crypto portfolio in 2021, which is up from its 9 percent in 2020.
Now that’s not at all surprising and the only way to invest in crypto assets, instead there are a lot more ways than ever. It’s been easy enough today to open any basic account for crypto purchasing on several major cryptocurrency platforms like Binance, Gemini or Coinbase, etc, and it’s even possible by using payment wallets like PayPal and Venmo.
But it seems like crypto is getting deeper and deeper into the traditional investment regions where several bitcoin linked exchange trading funds launched in the market in 2021 that made it possible to go and just click buy in any brokerage account in those following crypto platforms.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
