Cryptocurrencies have a reputation for being volatile and experiencing unpredictable fluctuations in price.
We’ve seen this play out in several boom-and-bust cycles since it hit the scene in 2012.
With that being said, many experts believe that cryptocurrencies will continue to grow and become more widely adopted in the coming years. Some analysts predict that Bitcoin could reach $100,000 or even $500,000 within the next five years.
Other cryptocurrencies, such as Ethereum, have also shown significant growth in recent years. Ethereum is the second-largest cryptocurrency by market capitalization and has a different use case than Bitcoin, as it allows for the creation of decentralized applications and smart contracts. Experts predict that Ethereum could reach a price of $10,000 or more by 2025.
How much Crypto should you have?
The amount of cryptocurrency you should have in your portfolio depends on various factors, such as your investment goals, risk tolerance, financial situation, and market conditions.
However, some experts suggest as a general guideline that investors allocate 1% to 5% of their total portfolio to cryptocurrency. That way when it shoots the lights out, you get the benefits. But if it temporarily tanks, your portfolio is only slightly affected.
Since cryptocurrencies are decentralized and not tied to any government or central bank, some investors also view them as a hedge against inflation and the devaluation of fiat currencies.
Volatility opportunity
As mentioned above, cryptocurrencies can experience significant price fluctuations over short periods of time, presenting opportunities to profit from buying low and selling high.
If you’re looking to take advantage of the volatility that crypto offers, you may want to look at the individual crypto coins available to invest in using your EasyCrypto account.
Lower risk crypto exposure
The crypto market is highly volatile, and investing in a single cryptocurrency can be risky. EasyEquities crypto bundles offer investors a way to spread their risk by investing in a diversified portfolio of cryptocurrencies.
This approach ensures that your investment remains balanced and diversified, giving you exposure to the most significant players in the market based on different themes without the hassle of actively managing your portfolio.
They also give you the opportunity to easily buy and sell a portfolio of cryptocurrencies in one transaction, making it a convenient and affordable way to invest in the crypto market.
Activate your EasyCrypto account in a few easy steps:
- Log in to your EasyEquities account
- Click on your profile menu (top right) and select Account Management
- Select Activate New Accounts
- Select EasyCrypto
Or register a new account
If you don’t yet have an EasyEquities account but you want access to EasyCrypto, you can also register an account there directly here.
Any opinions, news, research, reports, analyses, prices, or other information contained within this research is provided by an employee of EasyEquities an authorised FSP (FSP no 22588) as general market commentary and does not constitute investment advice for the purposes of the Financial Advisory and Intermediary Services Act, 2002. First World Trader (Pty) Ltd t/a EasyEquities (“EasyEquities”) does not warrant the correctness, accuracy, timeliness, reliability or completeness of any information (i) contained within this research and (ii) received from third party data providers. You must rely solely upon your own judgment in all aspects of your investment and/or trading decisions and all investments and/or trades are made at your own risk. EasyEquities (including any of their employees) will not accept any liability for any direct or indirect loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on the market commentary. The content contained within is subject to change at any time without notice.