5 Ways Crypto Could Make or Break Your Early Retirement Dreams
From Nasdaq: 2024-04-23 10:47:36
– Few investors think about using cryptocurrency for retirement, but the asset class has proven to have bullish potential over time.
– Cryptocurrencies like Bitcoin and Ether have seen tremendous growth, with Bitcoin rising 13,438% and Ether rising 1,027,903% over the last decade.
– While cryptocurrencies could help you retire early, their volatility and speculative nature make them risky investments that shouldn’t be relied on solely for retirement.
– To invest in crypto for early retirement, set profit targets, focus on real-use coins, limit exposure, and balance your portfolio with traditional assets like stocks and bonds.
– Consider setting aside a small percentage of your portfolio for crypto, but manage the risk by diversifying with more stable assets.
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