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INSIGHTS3 MIN READ

Have you considered Crypto part of your Diversified Portfolio yet?

Dadaz123

Published on August 15, 2022

Published on Wealthy Affiliate — a platform for building real online businesses with modern training and AI.

Have you considered Crypto part of your Diversified Portfolio yet?

Cryptocurrency has minted many more billionaires within a relatively short space of time than any other industry. True or False? Total profits made in 2021 amounted to $163 billion. It is unprecedented in any other industry.

Depending on your level of tolerance to risk, you should consider adding cryptos to your diversified portfolio as an investor.

It experienced a crash recently and some people thought it would deliver the death knell they had been waiting for. Like a cat with nine lives, Bitcoin, the most prominent cryptocurrency is making a rebound in a very short time.

In the Statista survey of 1,000+ US adults 18-64 who own a crypto investment or are very likely to own one in the next two years, it is refreshing to note that there was a 10% increase in the number of those who owned crypto investment and a 4% hike in the number of would-be investors. It is safe to conclude that investment in crypto is on the ascendancy

I believe with all my heart that Crypto will eclipse our outdated fiat system of payment because of the obvious advantages a cryptocurrency has over and above our current fiat system. It's just a matter of time.

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One of the core advantages of a decentralized currency is that they can transact from one party to another without being monitored or controlled by a regulatory body. Payments can be effected in a matter of seconds.

I know this is of cold comfort to those who like to see enforcement of regulations in fiscal matters and that this fact is enough to send them scampering away from Cryptocurrency but some of us are drawn to it because of the absence of red tape which can be time-wasting

Contrary to suspicions by the public, Defi systems allow for a high degree of transparency even though it eliminates intermediaries along the way.

Every transaction is recorded on an inerasable ledger or blockchain and can be viewed by every one in the transaction loop.

Cases of missing transaction do occur especially if one is not vigilant to ensure his wallet address is correct. It is very easy to slip into someone else's wallet address without realizing it. It is akin to someone not appending the right address to their envelopes. The mail will not get to the desired location. Instead, USPS or FEDEX will take it to the address on the envelope. I experienced a loss once just because I was not careful to verify my wallet address and ensure it is mine before I authorized transaction.

My question to you is: what are you waiting for? Are you waiting until Crypto becomes so commonplace that it is accepted by every shopkeeper and restaurateur before you join the bandwagon. In some upcoming Cryptocurrencies, this is the time to join in the ground floor. I am not talking of the big-time cryptos like Bitcoin or Ethereum. Elon Musk and other big time Crypto investors did that long time ago. But just for a second, I want you to imagine being one of the earliest investors when Steve Jobs started Apple or Bill Gates started Microsoft in his father's garage.

This is the time to get your feet wet in Defi protocols, at least. It is the wave of the future. No other way to do so than jumping in with both feet.

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