However, when it comes to an investment standpoint, Standpoint Research’s Ronnie Moasputs all that aside. The famed stock picker strongly advises anyone in the digital currency investment game to diversify and to invest in more than just Bitcoin.
Eggs in a basket
The war that is fought between the original Bitcoiners and the Bitcoin Cashers is fierce. They each have their reasons for pledging support, but those reasons only resonate when it comes to the function of the digital coins.
When it comes to investing, there is no need to be so precious about a choice. People should be diversifying, says Ronnie Moas.
“Do not put all your crypto money into Bitcoin,” Moas said plainly in an exclusive interview with Cointelegraph. “You must diversify across at least a dozen of the more than 1,000 names out there, with a focus on the names in the top 50.”
It really sounds like basic advice, but it is advice that not many are taking. Moas himself is such a believer in the notion of diversification that he counts Bitcoin, Bitcoin Cash and Bitcoin Gold as a single entity when calculating a target value…