In the wake of Donald Trump’s re-election, cryptocurrency is again front and center, with Bitcoin surging past €86,000 per coin and the global crypto market cap reaching $2.94 trillion. Major cryptocurrencies like Ethereum have also seen substantial gains.
However, financial expert Nick Charalambous, Senior Financial Advisor and Managing Director of Alpha Wealth, warns against diving in without careful consideration.
“Trump’s pro-crypto stance has fueled optimism among investors,” says Charalambous, “with promises to ease regulation and make the U.S. a ‘bitcoin superpower.’ While this has spurred confidence in the crypto space, it’s crucial to remember that crypto remains highly volatile—prices can swing drastically within hours. It’s an exciting, evolving space, but must be approached with a balanced perspective and a realistic understanding of its risks.”
For those considering crypto, Charalambous suggests a cautious, balanced approach:
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Keep It Small: Consider crypto as a small, speculative portion of a diversified portfolio, allowing you to participate in potential growth without overexposing your finances to risk.
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Invest Only What You Can Afford to Lose: Gains are possible, but so are quick losses. This asset class is best suited to funds you won’t need in the short term.
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Long-Term Perspective: Let your broader financial goals guide you rather than news headlines. A diversified portfolio with a steady, long-term strategy is more likely to build wealth over time.
Book a financial review with Alpha Wealth at www.alphawealth.ie for trusted financial advice on investments, tax savings, pensions, and more.
