Mark Cuban advises investing in bitcoin up to 10% of assets, while Fred Wilson - only 5% Investor and entrepreneur Mark Cuban told visitors to the website of the American magazine Vanity Fair about how to get richer. In the video tutorial, he named nine points that, in his opinion, can help increase capital in the long term. In fifth place were high-risk investments, including cryptocurrencies.
Mark Cuban advises investing in bitcoin up to 10% of assets, while Fred Wilson - only 5%
Investor and entrepreneur Mark Cuban told visitors to the website of the American magazine Vanity Fair about how to get richer. In the video tutorial, he named nine points that, in his opinion, can help increase capital in the long term.. In fifth place were high-risk investments, including cryptocurrencies.“If you are adventurous or want to try your luck, try taking 10% and investing in Bitcoin or Ethereum,” he said. "But if you dare to do it, imagine that you have already lost this money".
Cuban's attitude towards cryptocurrencies has undergone a metamorphosis this year, and the adversary of Bitcoin, who called him a bubble, began to invest his own assets in ICOs and a cryptocurrency hedge fund..
It is worth noting that 10% of Cuban is more than the advice of venture capitalist and co-founder of Union Square Ventures Fred Wilson, who recommended not investing more than 5% of capital in cryptocurrencies, clarifying that at the end of September in his blog he advised to invest 10-20% in cryptocurrencies only for those who firmly believe in them, which is in no way suitable for the average investor.
“I think this is the upper redistribution of what the average person can afford to invest, but at the same time it is not too much,” he added..
He compared cryptocurrency and venture capital investments, saying that 10% is the maximum investment of a large fund in high-risk assets that he has seen..
At the same time, conservative investors who want to take risks, according to Wilson, should not invest more than 3% in cryptocurrencies, and investors of retirement age should generally refuse such investments..
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