Wednesday, August 3, 2022

Crypto Prices Crashed, but True Believers Are Holding On - WSJ

Crypto prices plunged this year, but Drew Larsen says that is no concern.

Over the past two years, Mr. Larsen, 54, has poured about 10% of his savings into cryptocurrencies like bitcoin, Ethereum and solana. He believes it is a smart hedge for his investment portfolio, the rest of which is in real estate, stocks and bonds. But more than that, he feels a deep connection to the idea of digital assets, which makes the pain of bitcoin’s plunge this year a lot more bearable. 

“I actually do think it has the potential to save the world,” said Mr. Larsen, a founder of two software companies who now lives in Colorado with his family. So far, his crypto holdings have lost about 40% in value this year.

via www.wsj.com

https://rightcoast.typepad.com/rightcoast/2022/08/crypto-prices-crashed-but-true-believers-are-holding-on-wsj.html

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Comments

"real estate, stocks and bonds": personally I'd diversify with a bit of gold if only I knew a good way to store it.

Posted by: dearieme | Aug 4, 2022 6:58:43 AM

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