Despite being a relatively new asset class in the market, crypto is gradually climbing up the ranks of top investment assets as interest in them soars.
According to a recent survey conducted by CNBC, over 10% of respondents revealed that they have crypto in their portfolio, placing it as the fourth most popular asset just after real estate, stocks, mutual funds and bonds.
About 65% of the respondents admitted to joining the crypto bandwagon within the past year at a time when several significant things had happened in the crypto space, including bitcoin’s meteoric rise and subsequent massive correction.
‘Crypto Trading is Easy’
Among the top reasons given by the interviewees for investing in crypto, is the ease of conducting trades on crypto exchanges and mobile apps.
The market’s volatility also makes it possible for investments to grow rapidly within a short period, allowing investors to make a lot of profits.
Speaking in a comment, Douglas Boneparth, the CEO of Bone Fide Wealth, a New York-based financial advisory firm, said,
“There are a lot of things that make crypto very attractive; the biggest one is the opportunity to make a lot of money.
Risks Still Exist
Like every other speculative market, crypto has its risks, and investors are advised to trade with caution.
It is best to have adequate knowledge of how the industry works and to observe all security measures rather than blindly jumping into crypto simply because it is popular.
“At the end of the day if you’re going to invest, treat it no different than you would the rest of your money.”
But despite the risks associated with crypto trading, thousands of investors are still venturing into the space, with most being monthly, weekly, and daily traders.
Some others are determined to hold on to their favorite crypto for as long as possible. For MicroStrategy, the publicly traded business intelligence company, bitcoin is that crypto.
The company now has about 108,992 bitcoins in its portfolio after recently completing a new bitcoin purchase and it has no plans of selling them.
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