THIS IS NOT AN INVESTMENT ADVICE OR RECOMMENDATION. THESE ARE MY PERSONAL VIEWS & JUST FOR KNOWLEDGE
I think Bitcoin will be at 52 weeks high in July-August.
A bumper rally is about to come in Bitcoin taking it to much higher levels.
To give an exposure to cryptocurrencies as an investment avenue, I’ve parked a decent amount of my portfolio in Bitcoin.
Since past few months I’ve been regularly buying Bitcoin (I started buying it at ~₹14L)
Since past couple of months, I’ve been buying bitcoin every single day in my portfolio in SIP mode & plan to continue to buy the same on daily basis.
The risk rewards here at ₹24-25L are lucrative for me. Though, one needs to understand that cryptos are unregulated in India. Any adverse regulations & it may go to zero. That’s the kind of risk appetite one needs to have, of course with crazy rewards ratio.
The question is, are you a believer of cryptos?
How long will people tolerate these unlimited printing of money out of thin air?
I firmly believe, a crazy bull run in Bitcoin is round the corner & hence invested into it.
