In Bitcoin’s inception, one coin amounted to less than a cent. Since then, the coin has ballooned to as high as $75,000, causing many to believe it is an excellent investment. However, some have decided to unload some of their Bitcoin in favor of other investments.
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One of these sellers is personal finance expert Jaspreet Singh, creator of the YouTube channel “Minority Mindset.” In a new video, Singh explains why he has decided to sell some of his Bitcoin and what he’ll do instead.
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Singh’s Investment Portfolio
Singh began buying Bitcoin in 2017 at $3,035 per coin. He continued adding Bitcoin to his portfolio over the years by purchasing small amounts daily and investing more after drastic crashes. While Bitcoin and cryptocurrency have shown major gains over the years, Singh says they were a speculative part of his portfolio along with his investment in start-ups.
The value of speculative investments can rise and result in profits but can also drop significantly. While he firmly believes in blockchain technology, Singh also knows the risks. In the end, with speculative investments such as Bitcoin, you don’t make money unless you sell.
Income-generating assets such as real estate and dividend stocks make up most of Singh’s portfolio. These assets provide him with cash flow. Unlike speculative investments, real estate offers a constant influx of cash due to monthly rent payments that help pay for the investments themselves and provide a passive income stream.
With the price of Bitcoin reaching all-time highs in recent months, Singh found that the speculative portion of his portfolio was ballooning. The coin’s high value also allowed him to sell and capitalize on large profits. Because of these factors, Singh decided to sell off a large portion of his Bitcoin and reinvest it into real estate.
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Singh’s Investment Goal
There are many different investment strategies and goals. You may choose to continue holding and investing in Bitcoin. While it could reach $200,000 a coin or more,…
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