If you’re currently invested in the cryptocurrency market, you are either feeling a little bruised at the fact that the market has experienced a downturn or you’re seeing an opportunity to enter the market at a significantly reduced price point.
To put things into perspective, major cryptocurrencies such as Bitcoin and Litecoin experienced a sharp year-to-date drawdown of 37% and 58% respectively. In monetary terms, Bitcoin went from its all-time high of R1 020 000 in November last year to a low of R420 000 this May.
Bitcoin price movement over the past 6 months
Source: bullionbypost
Although the market has seen a dip in price, Bitcoin investors who have been invested for two years, are up by 204% and 648% had they invested in Ether.
What is a reality is that if you intend to invest for 3 to 10 years, history has demonstrated that regardless of the short-term volatility of this asset class, returns are unparalleled. The question that many potential investors are faced with is, is the timing, right?
At Jaltech, we offer investors a simple way of gaining exposure to either Bitcoin, Ether or a diversified basket of cryptocurrencies managed by a fund manager who is active within the cryptocurrency market. Given the diversified nature of our cryptocurrency basket, investors will have exposure to a number of the markets leading cryptocurrencies.
If you are looking to gain some exposure to this diversified cryptocurrency basket, then click here for more information.
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