RATE Group | Investing in Cryptocurrency: Advantages and Disadvantages
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Investing in Cryptocurrency: Advantages and Disadvantages

10 Nov Investing in Cryptocurrency: Advantages and Disadvantages

Posted at 11:27h in Cryptocurrency News by

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Whether you are new to the world of investing or already an experienced investor, you may be wondering if cryptocurrency has a place in your portfolio. Given the mind-boggling rise in the value of Bitcoin and other cryptocurrencies, it is easy to see why there is so much interest in these alternative forms of investment.

Even so, it pays to proceed with caution. Cryptocurrency can have a place in your portfolio, but only after you have done your homework and evaluated the benefits and risks. Here are some of the pros and cons of adding cryptocurrency to your investment portfolio.

Diversification

Financial advisors often recommend that their clients diversify their holdings. They may recommend, for instance, that a client invests in not only stocks and bonds, but in real estate and precious metals as well.

Adding cryptocurrency to an investment portfolio aids diversification in several ways. In the past, the value of Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies tended…

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