I’m just starting my journey in cryptocurrency and have a budget of $100,000 to invest. What are the best strategies for allocating this amount? Would a distribution of $70,000 in Bitcoin and $30,000 in Ethereum be wise, or do you have other suggestions?
If you’re just starting out, it’s important to consider the level of risk you’re willing to take on. While it’s true that Bitcoin and Ethereum are the major players and a good choice for some stability, the crypto market is inherently volatile. Instead of putting all your eggs in one basket, maybe you could look into allocating a small percentage to stablecoins as well. They offer a safer hedge against market volatility, and you can even earn interest if you stake them on certain platforms. Additionally, continuously learning about the space and staying updated on the latest trends will help guide your decisions moving forward.