Focus on a few coins in the crypto market, rather than spreading investments too thin.
Chasing hot ideas can lead to losses, especially in the volatile altcoin market.
For long-term investments, Bitcoin remains a primary focus.
For trading, selectively choosing altcoins with strong potential, like Solana, can offer substantial returns.
Altcoin trading should be a small percentage of the overall portfolio, accepting the risk of total loss or significant gains.
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Transcript
Episode notes
Gold is definitely driven by geopolitics says Florian Grummes, as well as de-dollarization (1:10). Ryan Wilday on Bitcoin's price action (3:25). Silver hasn't shown up to the party (5:45). Why gold bars (11:50)? Ideal ways to get into crypto and precious metals (16:35). Bitcoin ETFs like (BITO) (20:30). Crypto and precious metals - don't overestimate the importance of US elections (24:05). Watch the full interview here.