Diversification is for the clueless.
You don’t build an airplane with random materials or fuel it with a mix of water and gas
Buy #Bitcoin or get poor by diversifying
Discussion
I agree, but isn’t diversification an entryway for many?
Going all in on Bitcoin is scary. Who jumps in a lake without touching the water first with their toes?
Investing 3-5% of assets is less scary and more palatable for normies. Then as they learn more about Bitcoin the 5% will become 10%, then 30%, etc.
Ofcourse you’re right about that
Also the more your study about it, the more confident you become to get more exposure
Yes you start off with bitcoin being the diversification in your portfolio. But once you understand bitcoin, Putting anything less than the majority of your money (or as much as you can stomach, the number is different for anyone) is a risk. You will miss out on gains.
Why would you diversify into lesser performing assets? Studying enough to have true conviction in bitcoin is a worthwhile investment. You probably already get it, I’m just thinking out loud.
Diworsification
Having alternative plans sometimes shows that you don’t genuinely believe in the main plan.