By: Michaelson Williams, TSX
You’ve heard the phrase “Don’t put all your eggs in one basket.” It’s a simple but important concept, especially for investors. Many crypto enthusiasts think they’re savvy because they HODL, but making crypto your entire portfolio is risky. In 2023 alone, major exchanges like Bittrex Global, Txbit, and Bitfront went bankrupt, with more likely to follow. While some investors survive, others get caught in the fallout, and smaller exchanges like Incognito are disappearing too.
My crypto project, Goal Phoenix Crypto Infinity, was hit by this government interference. Even Bitcoin isn’t immune from government control. Bitcoin could either remain a symbol of freedom or become a trap. That’s why it’s dangerous to put all your eggs in the Bitcoin basket.
Smart investors understand the need for diversification. Holding multiple cryptocurrencies doesn’t count as a diversified portfolio. Governments worldwide, including in Germany where 47 exchanges were shut down, are cracking down on crypto ownership. KYC (Know Your Customer) is just one tool governments use to track and control crypto investments. History has shown us that people must always find ways to protect their assets from government overreach.
Diversification is crucial. Owning real estate is a smart hedge against potential government seizures. While governments might still claim some of your assets, the more you “own,” the better off you’ll be. Don’t let your entire portfolio be vulnerable to collapse by focusing only on crypto.
A strong investment portfolio should include:
- Cryptocurrency — The future is digital.
- Real Estate — Major investment groups like BlackRock and Bill Gates are buying property.
- Gold — One of the oldest currencies, reliable for trade in hard times.
- Silver — A smaller, safer trade option.
- Some Cash — Keep enough cash for immediate needs, as it loses value during downturns.
- Miscellaneous Assets — Bartering items for emergencies.
Use this article and provided resources to make informed decisions and build a well-rounded portfolio. Those who diversify are closer to financial success. The future is changing quickly, so don’t delay—secure your financial well-being today.
By: Michaelson Williams, TSX
The MichaelsonEffect
Here’s a more detail version of this article: https://medium.com/@michaelsonwilliams/hedging-against-the-crypto-attack-exploring-safe-investment-alternatives-a4f4b9015024
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Resources:
Free: No Money Down MAGIC Real Estate Buyer’s Guide
No Money Down Real Estate Course
BlackRock: Stealing the American Dream and a No Money Down Real Estate Solution:
The Bitcoinist Website article reference
