Cryptocurrencies vs Traditional investing
We are going through some very interesting times right now. I am around the age where most people just start getting into investing. But many young investors, including me, are getting attracted towards cryptocurrencies rather than traditional investment tools. There are many traditional investment instruments like stocks, Mutual funds, bonds, etc that are responsible for many rags to riches stories. But, the kind of growth that we have seen with something like bitcoin is quite a unique thing where money became 100 times in just a few years. Even during the internet bubble, this was a distant dream. This is a great opportunity for all of us and the opportunity window might close in the coming years. What do you think should be the right approach to play in this environment?
I am of the opinion that, the profit from crypto must be routed back to gold, because I have a feeling that gold is still one of the best forms of investment, if safeguards you against inflation, which is kind of a big deal.
This gets difficult for me because so many interesting projects keep coming up in Crypto space.
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