Expert's two key criteria for investing in crypto

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Ric Edelman News

Investing In Bitcoin,Bitcoin Mining,Diversified Portfolio

Bitcoin (BTC-USD) is up over 50% year-to-date as the digital asset continues to garner attention, most recently with the 'bitcoin halving', in which the...

) is up over 50% year-to-date as the digital asset continues to garner attention, most recently with the ' bitcoin halving ', in which the reward for bitcoin mining is cut in half. While some have labeled crypto as a volatile asset, could it still be worth it to add to one's portfolio?

Edelman outlines his two key criteria for investing in bitcoin:"Number one, are you a long-term investor? And number two, do you own a diversified portfolio? Meaning if you are of the mind that you want to own a little bit of everything, stocks, bonds, government securities, real estate, oil, gold, foreign assets, emerging markets, then crypto belongs in that portfolio just like everything else. The whole point to a diversified portfolio is to reduce your risks.

Source: Digital Coin News (digitalcoinnews.net)

Investing In Bitcoin Bitcoin Mining Diversified Portfolio Digital Asset Bitcoin Halving

 

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