Crypto Guide: How Gen Z and millennials can master crypto portfolios in 2024
crypto assets have quickly evolved as a mainstream financial choice of Gen Z and millennials. The enigmatic world of virtual digital assets (VDAs), despite their complexity, represents an unparalleled opportunity to Gen Z and millennials.
A prime audience
More than 80% of crypto trade in India is executed by these cohorts, making them prime drivers of crypto adoption in the country. They feel independent, often with a good share of disposable income, and are not bound by investment decisions of their parents (including real estate and gold). They have found a philosophical liking to the tenets of blockchain, decentralisation and the ability to grow a multiple on their portfolios in quick time.
Going beyond speculation, they must demonstrate a tendency to build a portfolio for the long term. As crypto matures as an asset class in the future, so will their enthusiasts. For the young, navigating the complexities of the crypto space while maximising returns is possible if done methodically. Let’s understand how.
Building a diversified portfolio
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Understanding the fundamentals is the cornerstone of success in the crypto world. It is crucial to comprehend blockchain technology and the layers of opportunities they provide. The ability to examine and appreciate the use cases of projects including their whitepaper, tokenomics, real world applications etc. are key to taking informed decisions.
Once informed, diversification remains a fundamental approach to a robust crypto portfolio. While Bitcoin stands as the flagship crypto asset,
