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By Staff Reporters
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The inflation-proof nature of cryptocurrency works in the same way as stocks– inflation will cause prices to increase so companies can charge more for their goods which means people are willing to pay.
However, since cryptocurrencies are fairly new and not backed by anything at this point it’s better if they make up a small portion of your portfolio instead of trying to go all in with one coin unless you have enough money lying around where losing some won’t hurt too much.
A lot of corporate investment portfolios have started to include crypto because let’s face it, inflation matters.
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Filed under: Alternative Investments, Investing | Tagged: crypto, cryptocurrency, inflation |
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Nice suggestion not to go all in. I wish I read ur article year ago.
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