No. of Recommendations: 12
So, is it foolish to allocate 1-5% of one's portfolio in case this revolution continues?
Well, I hate those posts that are nothing but a lot of trite historical quotes, but I can't resist:
While a bubble is a terrible thing to waste, it is vaguely possible that this one might have applicability:
"What the wise do at the beginning, the fool does in the end".
More prosaically, if you're going to buy BTC, do it the next time the price drops 75-80% from its peak. So far that has been a winning strategy for entry points, though extrapolation is not theoretically sound. Even if it's worth nothing, better to buy low and sell high?
Slightly less riskily, one could go with a "picks and shovels" approach. Look at the firms in the Australian CRYP ETF or the European DAPP UCITS, which are supposed to do that. THe firms that make money on crypto enthusiasm rather than on crypto "assets" per se.
Jim