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The expert’s two key criteria for investing in crypto
Bitcoin (BTC-USD) is up more than 50% year-to-date as the digital asset continues to gain attention, most recently with the “Bitcoin halving,” in which the reward for mining of Bitcoin is halved. Even though some have called crypto a volatile asset, is it still worth adding to your portfolio?
Digital Assets Council of Financial Professionals (DACFP) Founder Ric Edelman Joins Wealth! to provide insight into crypto investing after the bitcoin halving event and what investors should keep in mind when adding to their portfolios.
Edelman describes his two key criteria for investing in bitcoin: “First, are you a long-term investor? And number two, do you have a diversified portfolio? This means that if you think you want to own a little bit of everything, stocks, bonds, government securities, real estate, oil, gold, foreign assets, emerging markets, then crypto belongs to that wallet like everything else. The point of a diversified portfolio is to reduce your risks. all your eggs in one basket. You want to diversify, so the more you diversify, the better off you’ll be from a risk perspective.
For more expert insights and the latest market action, click here to watch this full episode of Wealth!
This message was written by Nicolas Jacobino