I am currently setting up my investment portfolio and considering putting like 5-10% into crypto etfs, I literally hate crypto, the only reason I would do it is to bet on people being stupid enough and keeping investing into crypto.
It would be literally a bet on the HL Mencken quote
No one in this world, so far as I know […] has ever lost money by underestimating the intelligence of the great masses of the plain people.
If you invest in an S&P500 ETF you are betting on the US economy continuing to grow, if you invest in Euro 6xx etf you are betting on Europe to grow,
If you invest in a world ETF like VWCE you are betting on the world economy continuing to grow, it’s still fucking gambling it’s just the playing the odds.
Me investing in a crypto ETF would be me betting that people are stupid enough to keep putting money into it.
I am currently setting up my investment portfolio and considering putting like 5-10% into crypto etfs, I literally hate crypto, the only reason I would do it is to bet on people being stupid enough and keeping investing into crypto.
It would be literally a bet on the HL Mencken quote
There is no investing in crypto; that’s called speculation or gambling.
If you invest in an S&P500 ETF you are betting on the US economy continuing to grow, if you invest in Euro 6xx etf you are betting on Europe to grow,
If you invest in a world ETF like VWCE you are betting on the world economy continuing to grow, it’s still fucking gambling it’s just the playing the odds.
Me investing in a crypto ETF would be me betting that people are stupid enough to keep putting money into it.