Cryptocurrency is called the gold of today’s era.
Cryptocurrency or Gold: Diwali is on 4th November and everyone does auspicious shopping on this occasion. Those who have money, they invest on this opportunity and make changes in the portfolio. As per tradition, a large amount of gold is invested on Diwali. Gold is a safe medium of investment. However, in the era of cryptocurrencies, many questions have started arising in the minds of investors. In such a situation, it is important to know where to invest in Cryptocurrency or Gold and what are the advantages and disadvantages of both.
All cryptocurrencies, including bitcoin, ethereum, have given multibagger returns in the recent past. This is the reason why the interest of investors has increased towards it. The number of crypto investors in our country is more than 15 million. The total investment of these investors has crossed 10 billion dollars i.e. 75 thousand crore rupees. Nischal Shetty of Wazir X says that cryptocurrencies like bitcoin, ethereum are called gold of today’s era.
Easy to invest in crypto
The most important thing about investing in crypto is that it is stored in your digital wallet. Like gold, a bank locker is not required to keep it safe. Its trading is 24 hours. In such a situation, whenever you want to sell it, you can sell it and fulfill the need. In comparison, selling gold is more difficult. If you have bitcoin in your wallet, then online shopping can also be done with its help. As an investor, investing in and storing cryptocurrencies is much easier than in gold.
Include both Gold and Crypto in your portfolio
It is always advised by financial experts to keep your portfolio diversified. In such a situation, they are also advising to include cryptocurrencies like bitcoin in the portfolio. However, its share should be very less. Experts say that investors should include both gold and cryptocurrencies in their portfolio. Choosing either one for investment will not be the right decision.
Excellent returns in the long term
Kanika Agarwal of Upside AI says that on the occasion of Diwali, you invest in such things which will give great returns in the long term. In such a situation, investing long term in cryptocurrencies would be a smart decision. Investing in this is a smart decision as it is unaffected by inflation.
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