For neophyte investors, cryptocurrency may be their first experience with a volatile investment vehicle. It’s easy to get seduced by the emotional rollercoaster — massive gains one day, massive losses the next day. Even the losses add to the appeal of this high-stakes financial game.
But seasoned investors know that there are other volatile assets they could choose. They don’t invest in crypto for the volatility — that’s not what makes it special.
And although they may not be aware of it yet, the reasoning that leads investors to crypto also leads to the importance of getting a second passport.