Some 800,000 Australians own cryptocurrencies, a 63 per cent increase since 2020, the Commonwealth Treasury says. Australian Taxation Office data suggests $227 million worth of crypto assets are held by self-managed superannuation funds, or 0.03 per cent of net assets.
But clearly many investors are unfazed, given the Treasury data and the large number of people who do not own crypto butGalvin’s argument is that despite the unique characteristics of crypto investing, the old school rules of portfolio construction apply, including diversification. Some tokens such as ethereum, solana, terra, cardano and lunar represent separate and alternative blockchain ecosystems, meaning they are “competing for the attention of developers and miners and entrepreneurial capital”. Many other altcoins represent applications and businesses built on top of those blockchain networks.Rhett Wyman
Harmon gives the example of the DeFi Pulse Index, a token that tracks the performance of decentralised finance assets across the crypto market. DeFi applications seek to cut banks and other financial intermediaries out of transactions through use of blockchain technology.
🤭🤭🤭🤭🤭 It’s bitcoin there is no 2nd best cope You only get one chance at digital scarcity The rest are pre mined trash “Altcoin alpha” 🤡🤡🤡🤡
It's completely different. We are talking about a currency of use, not a share in a business