Diversifying Cryptocurrency Investments with Stocks
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I am, without apology, a so-called Bitcoin Maximalist. I believe that within a few years Bitcoin will be the most used currency on planet earth. That being said - I don't believe in putting all of my eggs in one basket. There are many places where you can put your money, if you choose - you can buy municipal bonds that have high risk but pay only moderate interest, US bonds that do the same, a high yield savings account - but none of these investments keep pace with inflation. The good old stock market is one place where you can beat the devaluation of your money - mainly because prices reflect the value of your dollars. Take for instance, shares of Amazon - they are far too overbought for my tastes and it seems likely that at some point they are going to plunge - Amazon is ripe for an anti-trust suit from the government - the only reason it isn't happening right now is because it would plunge the US economy into a spiral of death from which the investment banks, the commercial banks, and the government would probably never recover.
Diversifying Cryptocurrency Investments with Stocks
Diversifying Cryptocurrency Investments with…
Diversifying Cryptocurrency Investments with Stocks
I am, without apology, a so-called Bitcoin Maximalist. I believe that within a few years Bitcoin will be the most used currency on planet earth. That being said - I don't believe in putting all of my eggs in one basket. There are many places where you can put your money, if you choose - you can buy municipal bonds that have high risk but pay only moderate interest, US bonds that do the same, a high yield savings account - but none of these investments keep pace with inflation. The good old stock market is one place where you can beat the devaluation of your money - mainly because prices reflect the value of your dollars. Take for instance, shares of Amazon - they are far too overbought for my tastes and it seems likely that at some point they are going to plunge - Amazon is ripe for an anti-trust suit from the government - the only reason it isn't happening right now is because it would plunge the US economy into a spiral of death from which the investment banks, the commercial banks, and the government would probably never recover.