Cryptocurrencies are here to stay. Do they have a place in your portfolio? If you’re not sure, ask yourself the same 4 questions I ask when trying to determine if crypto should have a place in my portfolio:
- Do I want to invest, or do I want to speculate?
- If I don’t currently own currencies in my portfolio, what makes this currency special?
- Am I attracted to cryptocurrencies because my friends and neighbors own them, and I have a fear of missing out?
- Is the long-term potential really in the underlying currency or is it in the underlying technology, which many publicly traded companies will include in their portfolio (and which I already own)?