Should You Diversify Your Crypto Portfolio?

A commonplace wisdom in crypto markets, as well as common sense, advises wary hodlers to diversify their investments. Cryptocurrencies are extremely risky, according to this reasoning; spreading your wealth means more chances to win big. 

As sage as it sounds, this advice is incorrect. The purpose of diversifying an investment portfolio is to decrease risk; assets should be negatively correlated in order to properly optimize a long term portfolio. And if you want to find assets which are negatively correlated, well, you’re probably better off looking somewhere else.

Read More at Crypto Briefing.

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