YOUR PORTFOLIO Cryptocurrency make more money , then diversify into other asset classes . At 55 , he may want to retire in the next 10 or 15 years – but he says his two pension pots won ’ t be enough to sustain him , so he ’ s relying on crypto instead . But what happens if we see a “ crypto winter ” and all James ’ s retirement eggs are in this one basket ? “ I ’ m not worried , I ’ ve spent so long learning what Bitcoin is and how it works and understanding this idea of a store of value . I ’ m completely confident .”
When he talks to people like James , Komolafe asks them to take a step back and think about what they are trying to achieve with crypto . “ Most people say it ’ s going to be a way for them to make money overnight and supplement their income , especially now with the cost-of-living crisis . I ’ ve found that no matter how much you try to talk them down , there ’ s so much nonsense out there on the internet that it ’ s almost like an echo chamber .”
Performance of index over 5yrs
$ 10,000
S & P Cryptocurrency Broad Digital Market ( 473.5 %)
$ 7,500 |
$ 5,000 |
$ 2,500 |
0 |
Jan18 |
Jul |
Jan19 |
Jul |
Jan20 |
Jul |
Jan21 |
Jul |
Jan22 |
Jul |
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Source : S & P |
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