The only thing riskier than owning crypto, is not owning crypto

Is crypto the (new) trade of our lifetime? That question comes from this fact: It’s entirely possible the only thing riskier than owning crypto, is not owning crypto. Meaning that 50 years from now, your grandchildren might shake their heads in disgust for you not buying Bitcoin at $32,000

I ask this question as the price of Bitcoin (BTC-USD) — a proxy for all cryptocurrencies — has fallen almost 50% since mid-April, from $63,000 to $32,000.

We may even be heading into another so-called crypto winter, where the price of Bitcoin falls precipitously and stays down for some time. But here’s the rub: Heretofore each downturn has been followed by the price of the coin recovering and then going on to greatly exceed its previous high.

Doesn’t that scream long term buy and hold? Shouldn’t you therefore own a piece? Maybe just a little piece?

How do we know crypto will continue to go up? No one knows. Apple (AAPL), Tesla (TSLA) and Nvidia (NVDA) seem like obvious bets now, but five or 10 years ago they looked risky, or overpriced or both. And with Bitcoin you add a whole other layer of uncertainty, which is to say crypto currency itself. Crypto is way more complex and speculative than iPhones or EVs or chips.

I’ll get into the issue of defining crypto later, but I want to be clear that what I’m really trying to address here is, should you have some exposure to crypto in your investment portfolio, and if so, what kind and how much?

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• SOURCE: The only thing riskier than owning crypto, is not owning crypto (Finance yahoo.com)