Should you invest in cryptocurrencies? Here is the opinion of an American billionaire, Mark Cuban





Investments in crypto-currencies can make sense, but with limits.

Here’s what Mark Cuban thinks about buying cryptocurrencies.

Although Mr. Cuban has supported cryptocurrency investments, both in word and deed, he believes the amount of money used to purchase virtual currencies should be limited. On the same topic: SHIB: Top 1000 ETH whales hold Shiba Inu worth over $ 2 billion..

“I would limit it to 10%,” he said. And he urged cryptocurrency investors to find a low-cost index fund linked to the S&P 500 in which to invest the rest of their money. The S&P 500 is a financial index that tracks the performance of major US companies and is one of the safest and most reliable long-term investments.

In other words, Cuban suggests taking a balanced approach. If you want to take risks with an untested asset like cryptocurrencies, you need to make sure you only invest money you can afford to lose and invest most of your assets in a proven low-risk option.

This advice holds true, because you shouldn’t put all your eggs in one basket, especially when this basket contains volatile investments that don’t have the same performance history as S&P index funds and which may ultimately be unprofitable. So, if you are considering investing in cryptocurrencies, you should consider Cuban’s suggestion to limit your purchase to 10% of your portfolio and choose a safer investment for the rest of your cash.

💎 Open a free account to invest in cryptocurrencies!

CoinHouse allows you to easily invest in cryptocurrencies. Creating an account is free and takes only a few simple steps.

📈 Exchange cryptocurrencies online in just a few clicks!

eToro allows you to easily trade cryptocurrency online. Creating an account is free and very simple.

68% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. EToro users in France cannot open positions to buy real cryptocurrencies, all orders are opened as CFDs.

Unlike some financial pundits against cryptocurrencies, such as Warren Buffett, Cuban doesn’t think putting his money into virtual currencies is a bad idea. Read also: What is Web 3.0 and how will it change the way we use the Internet?. In fact, he made it clear that he thinks that taking calculated risks is worth building wealth because millionaires and billionaires generally don’t build their fortunes by always taking the foolproof approach.

However, while he thinks cryptocurrencies are worth risking, he also acknowledged that this asset is untested and carries a lot of risk. He called crypto a “flyer” and compared it to a collection of art, baseball cards or shoes. He also suggested investing money in this area only if “you are a true adventurer and really want to put your feet up”.

Cuban specifically cited Bitcoin and Ethereum as potential coins you may want to invest in, but also warned that “if you do, you have to pretend you’ve already lost your money.”

Despite his warnings, Mr. Cuban himself owns and has invested in cryptocurrencies companys of blockchain. He is willing to put some of his money on the line because he clearly believes virtual currencies have potential.

How much of your money should be in cryptocurrencies?

Although Mr. Cuban has supported cryptocurrency investments, both in word and deed, he believes the amount of money used to purchase virtual currencies should be limited. On the same topic: SHIB: Top 1000 ETH whales hold Shiba Inu worth over $ 2 billion..

“I would limit it to 10%,” he said. And he urged cryptocurrency investors to find a low-cost index fund linked to the S&P 500 in which to invest the rest of their money. The S&P 500 is a financial index that tracks the performance of major US companies and is one of the safest and most reliable long-term investments.

In other words, Cuban suggests taking a balanced approach. If you want to take risks with an untested asset like cryptocurrencies, you need to make sure you only invest money you can afford to lose and invest most of your assets in a proven low-risk option.

This advice holds true, because you shouldn’t put all your eggs in one basket, especially when this basket contains volatile investments that don’t have the same performance history as S&P index funds and which may ultimately be unprofitable. So, if you are considering investing in cryptocurrencies, you should consider Cuban’s suggestion to limit your purchase to 10% of your portfolio and choose a safer investment for the rest of your cash.

💎 Open a free account to invest in cryptocurrencies!

CoinHouse allows you to easily invest in cryptocurrencies. Creating an account is free and takes only a few simple steps.

📈 Exchange cryptocurrencies online in just a few clicks!

eToro allows you to easily trade cryptocurrency online. Creating an account is free and very simple.

68% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. EToro users in France cannot open positions to buy real cryptocurrencies, all orders are opened as CFDs.

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