How Bitcoin can Help you Diversify your Wealth on Diwali?
What makes Diwali so fascinating? It’s a time of celebration for the entire country, and one that showcases how IT has become a force to be reckoned with in terms of material aspirations. We can see this in two ways: one, Diwali season has become the de facto shopping fiesta for the country; and two, we see an incredible array of religious activities geared towards building wealth creation.
As the country’s largest shopping holiday, Diwali brings with it some of the most competitive deals on the internet and in stores. This year, we may see a greater variety of activities geared toward building wealth creation.
One of the most popular Hindu festivals is Lakshmi Puja, a ceremony to welcome Lakshmi, the goddess of wealth and prosperity into their homes. They hope that they will be blessed with prosperity, so they do it in the hopes of acquiring new assets and making new investments. But what better investment than Bitcoin during this auspicious time? Bitcoin has also been linked with wealth creation, as this best-performing asset since 2010; it could be a perfect asset to obtain and make new investments this Diwali!
In this Adesh chaurasia latest news, we’ll be discussing the potential of investing in Bitcoins this Diwali; let’s begin!
What makes Bitcoin a Perfect Asset to Invest this Diwali?
Up until Diwali, Indians traditionally bought precious metals like gold. But as the world has changed — with crypto adoption growing across the board — a new generation of Indians is taking more interest in Bitcoin. After all, for a generation growing up as natives in a digital-first environment, Bitcoin seems like an obvious choice.
A lot of individuals see Bitcoin as digital gold: a superior store of value and investment than gold; and thus an ideal investment choice to fund the future during Diwali time.
Diversification is the key to long-term wealth, as volatility prevents one from achieving significant gains, and bitcoin can be the perfect stock for diversification since it is negatively correlated with most other assets and securities.
The price of Bitcoin is a long way from its all-time highs which makes it an ideal time to invest in the asset. Whether you’re a first-time investor or starting a systematic investment plan where every week or month, a certain amount is invested into it, there’s no better time than Diwali to begin your crypto journey. A lot of Indian crypto exchanges come up with interesting offers during this period to entice first-time investors to put their money into this cryptocurrency.
So, why not give some bitcoins as a Diwali present? Gifting Bitcoin can be very lucrative for your close friends or your loved ones; they have the potential to skyrocket its value in the near future!
A Word of Advice for the First-Timers into the Crypto World
For first-timers in the cryptocurrency space, this is an ideal time to buy or receive Bitcoin as a gift from their friends or relatives. They could then use this opportunity to learn about cryptocurrency and its potential before making large investments in the sector. Interested in investing in Bitcoins? Then make sure not to get persuaded by greed or unnatural price speculations!
In fact, just like Indian households view gold as a long-term asset — even though they hold it with the intention of selling it at a higher price years later — Bitcoin presents wonderful opportunities for wealth creation. So, make sure to adopt a long-term mindset and also stay invested for the long term.
It is true that there are various changes in the market and investors should stay updated to gain maximum benefit. Given the insights in this Adesh chaurasia latest news, it is evident that investors should have a clear strategy before they invest in any asset class. This means having a long-term plan with specific goals and staying consistent as well as diversifying their portfolios.
So, should you really invest in Bitcoin this Diwali? If you’re an adventurous investor, then yes — you should buy an affordable chunk of Bitcoin, but not more than you can afford to give up. Not all investment is created equal. An investment with the potential to reach 20x its value in the next five years is certainly something to aim for. For further guidance you can approach a crypto investing expert; a good financial adviser will always be happy to work with clients who have larger sums of money on hand and help them create a plan that meets their needs.
All of you might be looking forward to inviting the goddess of wealth this Diwali, so why not consider some lucrative bitcoin investment plans? Get on with your crypto investment today!